We give prompt attention to your loan needs. Being a non-profit cooperative, Palmetto Trust FCU can provide very competitive rates for your loans. Always keep in mind that the money you borrow comes only from the savings of your fellow credit union members.
Remember, savvy financial advisors will ask if you have access to credit union membership. They know that using credit union loans, warranties, credit life, credit disability, extended car warranty, and GAP insurance can save you thousands of dollars over the years.
We recommend that you talk with your credit union loan officer before making any major purchase. Loan officers usually know the latest schemes by dealerships and merchants to take your money. Be smart before you shop!
There are no prepayment penalties. Your credit union uses "simple interest" to compute interest charges. This means that interest is computed at your contract rate only for the amount of your loan balance and the number of days since your last loan payment. You may pay extra on your loan and pay less interest over the life of the loan. However, if you make payments late you will pay more in interest and late fees because you have used the money for a longer time than you contracted for borrowing the funds. This is fair to your fellow members whose savings you have borrowed.
We provide a wide range of loans including: personal loans, VISA credit cards, new and used vehicles, boats, motor homes and share and certificate loans.
Payments can be made in person, by mail or by teller transfer. Or for your convenience on-line using "My Account". To use less of your personal time (no checks to write or postage to pay) and to simplify personal budgeting we highly recommend paying by payroll deduction or allotments. Interest is computed using simple interest.
We also offer programs such as Loanliner Plus, Risked Based Pricing, Credit Life, Credit Disability Insurance, Auto Warranty, and GAP Insurance which are described below: