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Loans

Life is full of milestones – from your first car to your first house. Community Powered Federal Credit Union is proud to be part of them by providing loan options that work for members like you.

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Personal Loans

Whether it’s back-to-school time or time to replace the family computer, Community Powered has a personal loan designed to fit your needs.

Our personal loans offer a variety of benefits, including low rates and flexible terms – and they let you establish a revolving line of credit to be used as needed, up to your approved limit. No collateral is required, so you can rest assured that your home and other valuable assets are protected.

Community Powered personal loans can be used for any reason.

Appliance LoanGet the appliances you need, when you need them!

Back-To-School LoanBe ready for their first day of school. We’ll help you!

Landscape LoanCreate an outdoor space that you’ll enjoy for years to come.

Payday Loan AlternativeAvoid high-interest payday loans.

Tax LoanPay off that unexpected tax bill with minimal effort.

Tech LoanStay plugged in to the latest technology.

Utility LoanFeel warm in the winter and cool in the summer!

Vacation LoanKick back and relax; we’ll help you get there with our Personal Loan.

Wedding LoanPlan the wedding of a lifetime with a Personal Loan.

Low Rate Auto Loans

Looking for a new or new-to-you vehicle? You’re in luck! We have a great offer for you. Save money and get on the road today with a Community Powered Auto Loan.

Save money by financing with us – we have rates as low as 3.99% APR*! Set up an appointment with one of our loan specialists to go over finance options. Love your current ride but not your monthly payment? Consider refinancing. Our loan specialists can see what options you have to save money.

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Home Equity Loans and Home Equity Line of Credit

With a Community Powered affordable rate Home Equity Loan, you can have the necessary funding to achieve your goals – making home repairs, consolidating high interest debt, taking a vacation, paying for upcoming college expenses, and more!

With rates as low as 4.49% APR* and an LTV up to 95%, our Home Equity Loan puts more money in your pocket – so you can start your future today. Enjoy the spending power you need, relax knowing that your rate and your monthly payments are fixed, and benefit from a deduction at tax time^.

Plus, our variable rate Home Equity Line of Credit, with rates as low as 5.50% APR, allows you to access funds up to your approved limit in a revolving line of credit that is also based on the equity in your home. If you currently have a Home Equity Loan or a variable rate Home Equity Line of Credit from another lender, talk to our loan specialists about moving them to Community Powered. 

LIMITED TIME OFFER – Use the equity of your home to help you consolidate debt, work on home improvements, pay college tuition or other large bills. Don’t put your dreams on hold any longer.

Home Improvement Loans

Ready to repaint, but need an extra hand? Whether you’re investing in your home office, bedroom, or backyard, a Community Powered Home Improvement Loan can step in to assist. 

With rates as low as 4.99% APR*, our Home Improvement Loan can get you the cash you need to complete your project. Plus, you’ll have set monthly payments and can pay off your loan faster – all while increasing your home’s value and appearance.

Overdraft Line of Credit

Have you ever had something you didn’t know if you would need – until that time came? Think of Community Powered’s Overdraft Line of Credit that way. By attaching this loan to your Checking account, you’ll have access to an emergency solution whenever you need it. Avoid bounced checks, missed payments, and denied debit cards. An overdraft line of credit is different from a standard overdraft protection program and could even save you money. You won’t incur a fee on accidental overdrafts. Then, when your finances stabilize, you simply pay back the loan with interest on the amount you borrowed.

Call us at (302) 368-2396 to learn more about an overdraft line of credit and experience Checking made easy.

Savings/Certificate Secured Loans

A Savings/Certificate Secured Loan allows you to borrow against your savings account certificate. You may use funds you have on deposit with Community Powered as collateral for a secured loan. You pay an affordable rate while continuing to earn interest on your savings or investment account. This type of loan is ideal for members looking to establish or re-establish his or her credit.

*APR is Annual Percentage Rate and can vary based on creditworthiness and terms of the loan. Limited time offer and subject to membership eligibility. Loan is subject to credit approval. Rate is subject to change. See Credit Union for details.

^Please consult with a tax advisor. 

**Limited time offer and subject to membership eligibility. Loan is subject to credit approval. APR is Annual Percentage Rate and can vary based on creditworthiness and terms of the loan. Rate is subject to change. See Credit Union for details. 

Limited time offer and subject to membership eligibility. Loan is subject to credit approval. APR is Annual Percentage Rate and can vary based on creditworthiness and terms of the loan. The rate is set by the sum of the Wall Street Journal Prime Rate and your personal credit score determines the margin. Rate is subject to change. See Credit Union for details.

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