Loan Products

The Horizon Credit Union has several loan options for your convenience.

Due to the Minor’s Act, anyone under the age of 18 must have a parent or a legal guardian as a cosigner.

No new loans will be granted if the member has an existing delinquent loan.  Any member who causes the credit union a loss will not be eligible to borrow from the credit union.

Signature Line-of-Credit

An open line of credit may be granted for a maximum amount of $5000. The length of time of repayment of a loan secured by signature only is limited to a maximum of 60 months. Once the initial application is approved, loan advances can be taken over a two year time period.  This is a very convenient and fast way to get advances.  Our signature loans can help in areas such as bill consolidation, home improvements, medical bills and college expenses.  If the purpose of this loan is to consolidate bills, checks may be made payable directly to the creditor.

Christmas and Vacation Loans

These loans are set up with a 24 month repayment schedule and are offered at a 1-2% discount off the signature loan rate.

Computer Loans

Computer loans will be available for 100% of the purchase price with the maximum amount borrowed of $3,500 and a maximum term of 36 months.

Lawnmower & Small Farm Equipment Loans

Lawnmower and small farm equipment loans will be available. Please contact the Credit Union for information in regards to terms and loan limitations.

Commercial Loans 

The Credit Union offers Commercial loans to our members.  Contact us if you would like more information about a loan for your small business.

Credit Life and Disability Insurance

Credit Life and Credit Disability Insurance may help protect your family from the unexpected.  Credit Insurance is designed to help reduce or pay off your loan balance or make monthly payments, up to the policy maximums, to help lessen the impact on your family during an unforeseen event. CDCL-1862956.1-0817-0919