Getting a Loan at TEUCU

Many members have had the pleasure of getting a loan at the credit union. You see, at TEUCU lending is our core business. TEUCU’s lending staff provides creditworthy members with borrowing opportunities, while at the same time safeguarding member deposits. While steady employment is a plus, unfortunately we cannot lend on that basis alone. Our regulators require that certain criteria are met in order to justify a loan. What makes a member creditworthy? Good credit history, net worth, and depending on the amount you are looking for, you may require sufficient security. Also it helps if you have never been in the position of being insolvent. These are some of the criteria which TEUCU believe can prove you a good credit risk. In most cases we tend to find a solution that meets with your plan. We may not be able to do everything the first time around, but we will work on a solution that works for both of us. We rarely turn members down for loan requests. For more information please look in TEUCU’s upcoming quarterly Newsletter, The Connector (Fall 2006) Edition. As always if you have any questions, please contact TEUCU online (www.teucu.com), by phone 416-542-2522 or in person at either of our two branches 14 Carlton Street or 500 Commissioners.