1. Save Time & Make it Easy on Yourself!  Use these instructions to apply for any one of the following:

·        Share-Secured Type I loan:  secured by your shares (savings) on deposit in Women’s Southwest FCU (WSFCU). You may borrow up to 94% of the amount you have on deposit.  Or, you may add to your shares until you have on deposit $106 for every $100 you wish to borrow.  

·        Share-Secured Type II: secured by the shares (savings) another WSFCU member already has on deposit or adds to their existing account.  As above, they’ll need $106 for every $100 you borrow.  Another option you have is to bring a new member into the Women’s Southwest family. 

                        Either way, another person uses their WSFCU shares as collateral or security for your loan.   Un-less you are under age 18, they do not need to co-sign.  The credit will be reported in your name only.

·        Credit Builder Loan:  you already have at least $25 on deposit in your Women’s Southwest FCU share (savings) account.  You borrow $500 or more.  You do not receive a check.  We add the funds you borrow to your WSFCU shares.  They’re frozen there until you pay your loan in full.

·        Incentive Loan: take out a special Share Certificate that earns 0.00% Annual Percentage Yield (APY).  Use the certificate to back a loan at the low, low Annual Percentage Rate (APR) of only 2.00%!  Only our main office can give you a Share Certificate. To apply for an Incentive Loan contact our main office.

2. If you haven’t done so already, review your Payment Protection options (you'll need Adobe Acrobat Reader) .

3. Filli out the Loanliner® application:  you need not complete the entire application. In fact, you need fill out only these few boxes:

            a. On the front page:

·        Check “Loanliner® Account/Loan.”

·        Check “Individual” or “Joint”

·        Amount Requested $

·        Purpose/Collateral (see #1 above)

·        Check “yes” or “no” re: Payment Protection  

·        Your Name & WSFCU share (savings) account #

·        Name of Co-Applicant, if any, & WSFCU share #

            b. Back/Second Page:

·        See if anything under “State Law Notices” applies to you or the other applicant.

·        Applicant’s Signature & date signed

·        Other Signature (if a co-applicant) & date signed

Feel free to contact our main office if you have any questions.

3. Once you’ve completed your application:

·        Via the “Supplement to Share-Secured Loan Application” (or another means you prefer), give us the following additional info:

o       How much per month would you prefer to pay or how many months (or years of monthly payments) would you like to make?  You’ll receive terms as close to those you desire as our policies permit.

o       On which day each month/half of the month would you like all of your payments due? 

o       When would you like your first payment due? (Maximum = 45 calendar days from date funded.)

o       Which forms of payment protection (if any) you wish

·        Fax loan app. (& supplement or answers to questions above) to the office that’s closer to you:

o       Main Office (214) 887-0099 or

o       Pacific Coast  (619) 298-1412

(Save the originals; mail them or bring them to us when you sign.  We’ll need them before funding your loan.) or

·        Mail them to our PO Box above or

·        Make an appointment.  Bring them with you when you come to one of our offices for funding.

4. Before your loan is funded:   you’ll need to sign a Loan Agreement.  Call in or fax your loan terms.  We may be able to have everything waiting for you when you arrive for your loan funding appointment.  Fill out your application—or turn it in—when you arrive for funding. 

            Can’t make it in to one of our offices?  That’s OK.  You’ll be able to sign your Loan Agreement in front of a Notary Public and then mail it back to our office.  Just ask.

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