Lending Products FAQs

Q: How long do I have to be a member before I can apply for a loan?
A: There is no length of time you must wait before applying for a loan. However, you must have a $5.00 on deposit in your share savings account before you can apply for a loan or use any other credit union services.
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Q: Do I automatically qualify for a loan because I am a member of the credit union?
A: No. Being a member means you are entitled to apply for any loan offered by UMFCU. Although our goal is to provide a financial solution for every member, each member must meet our credit approval requirements for a particular loan product.
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Q: Do you offer home loans?
A: Yes. We offer a 15yr fixed mortgage. Visit with our loan officer to see if this works for you.
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Q: How do I apply for a loan?
A: UMFCU has several convenient ways to apply for a loan including in person, online at by Clicking Here, or by fax at 918-663-9305 or just mail the application back.
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Q: How long will it take to for my loan to be approved?
A: Our loan department is committed to providing each member with an answer/response to their loan request within 24-48 hours.
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Q: What should I do if I know my loan payment will be late?
A: We understand that sometimes life throws us a curveball and we need a little extra time. We urge you to call us if you know that your payment will be delayed-we will probably be able to work with you. If we don’t know what’s going on, however, we can’t help!
     
Phone: (918) 663-9303
   
   
     
This credit union is federally insured by the National Credit Union Administration.
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