Loans to Fit Your Needs

Auto Loans

Most car-buyers spend hours researching options, going for test-drives, and negotiating custom options – the color, the sunroof, the stereo and the leather seats. So when it’s time to choose an auto loan, they just want one that works. At TVA Community Credit Union, we want you to know you are getting the best financing deal available. Your auto loan doesn’t need to take a back seat, but the worry of getting one should.

Whether you’re purchasing a new or used car, truck or SUV, we make the loan process easy and efficient. There are no processing or application fees, and we provide:

  • Up to 120% financing of purchase price on new autos for qualified members
  • Up to 120% financing of average retail value on used autos for qualified members
  • Terms up to 72 months on new (current year to 3 years old) autos
  • Terms up to 60 months on used (older than 4 years) autos
  • Pre-approval before you shop
  • GAP
  • Mechanical Repair Contracts
  • Optional low-cost credit life and disability insurance loan protection

Let us help put you in the driver’s seat.

*Learn about our Loan Protection

Real Estate Loans

TVA Community Credit Union offers a variety of mortgage products. From the first-time homebuyer to the downsizing grandparents, let our mortgage specialists design a program to fit your needs.

For purchase transactions and refinance transactions, we offer both fixed rate mortgage loans and adjustable rate mortgage loans. We offer fixed rate loans for 15, 20 or 30 years through QR Lending for qualified members. Our adjustable rate loans have a fixed option for 5, 7 or 10 years and are able to be amortized over 30 years. Depending on how long you plan to be in your home, this may be your best option.

We also offer Home Equity Lines of Credit. These loans allow you to use the current equity in your home and can be used for home improvements, education expenses or other needs.

Our Construction Loans are offered at 80% of the appraised value and are granted for a period of 6 months.

All mortgage products are priced competitively in today’s market. They also have lower fees than the

average mortgage.

*Learn about our Loan Protection

Recreation Loans

Whether you want to take a road trip across America in your new RV, take a leisurely cruise out on the lake in your new boat or blaze a trail on your new ATV, TVA Community Credit Union has the loan product that is just right for your new recreational vehicle.

No matter what type of recreational vehicle is on your wish list, we make the loan process easy and efficient. There are no processing or application fees, and we provide:

  • Up to 100% financing of purchase price on new/used recreational vehicles for qualified members
  • Terms up to 120 months on new/used – up to 180 months for loan amounts over $75,000
  • Pre-approval before you shop
  • GAP
  • Mechanical Repair Contracts (for Autos only)
  • Optional low-cost credit life and disability insurance loan protection

Other Collateral: (not for commercial use)
1) Tractors (small lawn)
2) Horse Trailers
3) Utility Trailers
4) And all other…

*Learn about our Loan Protection

Personal Loans

TVA Community Credit Union offers three types of Personal Loans: a signature loan, a signature line of credit and a VISA credit card.

Our signature loan is perfect for consolidating bills or lump-sum purchases, like a computer or a vacation. Your monthly payment stays exactly the same for the life of the loan.

Our signature line of credit is an open end loan that allows you to make advances as you need them. You only pay interest on the amount you have outstanding. Payment amounts are based on the balance at the end of each month.

Our VISA® Credit Card is also an open end credit line. You can make store purchases wherever VISA® is accepted, as well as take cash advances when needed.

With our amazing rate, as low as 9.95% you will enjoy:

  • A low fixed rate
  • Cash Advances – ATM or In-Branch
  • No processing or application fees
  • Optional low cost credit life and disability insurance loan protection
  • No annual fee
  • Earn ScoreCard Rewards on VISA® purchases for merchandise redemption

*Learn about our Cards

*Learn about our Loan Protection

Secured Loans

Pay less for your loan when you use your deposit accounts as collateral. We can use your savings account or Certificates of Deposit as collateral. Not only do you receive a lower loan rate, but your deposit continues to earn interest as well.

No matter the reason, we make the loan process easy and efficient. There are no processing or application fees, and we provide:

  • Terms up to 120 months on deposit secured loans
  • Optional low cost credit life and disability insurance loan protection

*Learn about our Loan Protection

Loan Protection

Credit Life Insurance – Death, unfortunately, is part of life. Even though it is not something we like to talk about, taking care of our loved ones is. That is why TVA Community Credit Union offers credit life insurance. This insurance will cover the insured portion of your loan balance and give your family the peace of mind they deserve.

Credit Disability Insurance – Accidents happen. Credit disability insurance is a way to make sure your loan payments are made in a timely manner in case you miss work due to disability.

GAP – Make sure you’re covered from the moment you finance your auto loan with GAP. GAP helps cover the difference in the amount owed on an auto or boat loan balance and the actual cash value of the vehicle paid by the primary insurance when a total loss or theft occurs.

Here’s how it works: Let’s say after one year, the vehicle you purchased for $25,000 is valued at just $16,000. You still owe $21,000 when it is stolen and never recovered or is involved in an accident in which it is damaged beyond repair. Most insurance policies will only reimburse you for the value of your vehicle, $16,000, leaving you to repay the remaining loan balance of $5000. GAP takes care of that $5000 for you, including your insurance policy deductible, up to $1,000.

Mechanical Repair Contracts – Are you prepared for a mechanical breakdown with your vehicle? Do you have the money necessary to pay for the rising cost of repairs? If you answered “no” to either of these questions, then a Route 66 Extended Warranty is an intelligent investment to ensure that you are covered in the event a mechanical breakdown does occur.

A Route 66 Extended Warranty protects your investment from expensive mechanical breakdowns, and offers 24/7/365 Roadside Service, rental car benefits, a 30-day money back guarantee, nationwide coverage, and is fully transferable. The Route 66 Extended Warranty is the most comprehensive coverage available and provides coverage for virtually any make and model of automobile. With Route 66 Extended Warranty’s Open Enrollment, you don’t have to buy your warranty at the time of purchase. You can buy any time! Route 66 Extended Warranty has a plan to fit your vehicle.

Click here to view our Loans and Credit Services brochure.

*Rates quoted are best available and subject to change without notice. Rates may vary depending on your credit and payment terms. Contact a Loan Officer today for more information.