The following describes a few of the many loan options presently available from Alliance Federal Credit Union. If you don’t see exactly what you are looking for, discuss your financial needs with one of our loan officers and they will offer you the best options suited to your personal circumstances.


Secured
Whether you are interested in a new or used vehicle or want to make your weekends more fun with a new boat or recreational vehicle your Credit Union can help. Loans are granted for any worthwhile purpose and secured by collateral such as a vehicle, boat, or funds on deposit in your AFCU savings account or term share certificate.


Unsecured
Unsecured loans are referred to as signature loans and are based on the ability to repay. Your Credit Union can provide you with funds for a new baby, a family member in need, bill consolidations or a car that needs repaired. Hundreds of people every year use this type loan to enjoy family vacations or help finance an education. We can help you cope with those unplanned expenses that happen to all of us, with a quick and easy signature loan.


Low Cost Loans
Alliance Federal Credit Union has been a dependable source of low cost credit for its members for more than 60 years. Loans are granted on the ability to repay, which includes consideration of income, monthly expenses, and previous credit history. Your application will receive prompt, courteous and confidential attention. Members pay interest on the daily unpaid balance of the loan with no penalty for early repayment. Contact us for the latest information on rates and terms. Loans for any major purpose may be approved in advance to allow you to relax, take your time and negotiate the best deal possible knowing financing has been pre-approved. Come in and discuss your financial needs with one of our loan officers and they can approve a loan amount for you!


Mortgage Loans
Buying a home is one of the biggest decisions you will ever make in your life. Alliance Federal Credit Union wants to help make purchasing your home as painless as possible. From the beginning of your application to closing your loan, the Credit Union will be there for you. Contact our Mortgage Department at 806.798.5554 for rate and application information and for assistance with any questions you may have.


Home Equity Loans
Imagine the possibilities when you use the equity in your home. You have spent years building up the equity in your home, so why not put it to good use? Whatever the reason, a Home Equity Loan from Alliance Federal Credit Union can work for you! Interest rates on our Home Equity Loans are considerably lower than those available on unsecured loans.

Home Improvement Loans
If you already own your home, consider increasing the value of your most important asset with a Home Improvement Loan. We offer Title I as well as Second Mortgage Loans for home improvement purposes. Title I Loans do carry some restrictions regarding the use of the funds. An AFCU Home Improvement Loan can help you economically build more value and comfort into your home. Visit with a representative from our Mortgage Department for more details.


HELOC
Voters have approved Proposition 16, making homestead HELOC (Home Equity Lines of Credit) available to Texas homeowners who, up until now, have been able to open home equity loans only. For the first time, you have the opportunity to access your home’s equity with either a loan or a line of credit. This flexible line of credit is ideal for covering ongoing expenses such as home improvements, education or medical costs, or for consolidating high-interest bills. It’s a smart way to manage your finances because it offers: Savings - Interest is potentially tax-deductible* and rates are lower than most other types of revolving credit; Control - Use what you need when you need it without reapplying; Flexibility - You have the option to pay as much as you want toward the balance at any time without penalty. A home equity line of credit has a selection of payment options and a variable interest rate that is charged only on the balance. As that balance is repaid, funds become available again, and you can use them over and over without reapplying. Home Equity Line of Credit can be used for just about anything. You can use your Line of Credit for home improvements, New or Used car, truck or boat, educational or medical expenses, life events, such as a wedding or a new baby, consolidating bills and paying taxes, and for meeting unanticipated financial needs as the equity in your home grows, so do your opportunities. You can use your equity to gain greater control over your finances. Alliance Federal Credit Union can help. We provide the knowledge, the expert advice, and the products so you can make informed decisions.
*Consult your tax advisor regarding tax-deductibility.


Student Loans
Click the following third party link for more information: Panhandle Plains Student Loan Center