5. Supporting Documentation Checklist
The Loan Application will require you to submit important personal information about yourself, your financial position and your loan needs. You will be required to provide:
1) Proof of identity: Driver’s License and/or US Passport
2) Proof of address: Driver’s License
3) Proof of income:
If Employed: A copy of your last pay stub and last years W-2.
If Self- Employed: A copy of your last year’s federal income tax return.
4) Information for any collateral or co-signer (if any).
5) For auto loans:
The automobile that is being purchased will be used as collateral. A lien may be placed on the title of the automobile. The automobile’s value will be the higher of www.NADAGuides.com’s Average Trade-In Total Base Price or the Clean Retail Total Base Price. If the NADA value is not available, the Credit Union will determine the automobile’s value based upon the Kelly Book value of the automobile, www.kbb.com.
5) For Undergraduate/Graduate Loans:
Tuition expenses as well as other necessary education expenses (such as textbooks) will be considered. The student must be a graduate or undergraduate student at private or public accredited college/university. The student must be a full-time or at least half-time enrolled in the school.
Loan Specific Documentation:
1) The loan application will delineate whether additional information may be required depending upon the type/purpose of the loan.
All documents that are submitted will be directly uploaded and stored in our encrypted folder.
Please Note: Additional information to determine loan eligibility may be requested.