Links above to get information on the service you would like
Let us be your
primary lender by taking advantage of our great loan products.
If you have the time;
we have the time to tell you if your Instantly Approved!
great deals on new and pre-owned vehicles and are here to help you
finance the car of your dreams.
Pre-approvals give you
added bargaining power with our “Instant Decisions”. Stop by or call
today to receive your answer immediately. (516) 822-1070 Option 3.
New Auto/Truck/Motorcycle Loan – Borrow up to 100% of
purchase price or NADA value with for terms up to 84 months. (Motorcycle maximum
term is 60months)
Pre-Owned Vehicles/Motorcycles 7 Years old or Newer Auto Loan – We
finance up to 100% of NADA* value with terms up to 72 months if loan
amount is at least $30,000.00.
(Motorcycle maximum term is 60months)
Pre-Owned Vehicles/Motorcycles 7 years old or newer – We finance up to
100% of NADA* value with terms up to 36 months. Minimum loan amount
Other Pre-Owned – We finance 80% of NADA
value and need to have a minimum loan amount of 2,000.00 to be
eligible for a 36 month term. Min Loan Amount of $10,000.00 for 48
months ("C" Credit or Higher) Min Loan Amount of $15,000.00 for 60
months ("C" Credit or Higher)
Refinance Auto/Truck/Motorcycle Loans – We only refinance
loans from other financial institutions.
Private Party Sales – We only finance the payoff amount or up
to the NADA retail value of the
vehicle, price of vehicle does not include taxes or registration
(We do not finance negative equity) We offer two valuable insurance
programs for vehicle owners through CUNA Mutual; GAP (Guaranteed
Asset Protection) and Mechanical Repair Coverage. GAP is here to
save you from a huge out of pocket expense. If your car is stolen or
is declared a total loss and your loan balance exceeds the vehicles
value, GAP is to cover the difference. Our Mechanical Repair
Coverage is a warranty; pays for covered mechanical repairs, 24 hour
roadside assistance, towing, emergency expenses and rentals. Ask a
loan officer for more information on these two great programs. Also
CU Forms Page for Brochures on these items.
*NADA (National Automobile Dealers
This loan is designed for your varying
credit needs from school tuition and vacations to emergencies. The
most popular use for this loan is debt consolidation; this allows
you to refinance your much higher credit cards into one loan with
one low payment. If this loan’s main purpose is debt consolidation,
funds will be disbursed in two party checks.
Fixed rates and flexible terms are available.
Minimum loan Amount is $500.00; Maximum
loan amount is $20,000. Terms are offered up to
We also offer a Short Term Personal Loan which has a Maximum loan amount of $2,500.00 and term up to 12 months.
Alternative School Loan:
This loan is designed to help our members or their children who want to attend
an accredited trade school, private school, college or another type of education program. The proceeds of this loan will be disbursed only to the School. This loan has a maximum of 10,000.00 and a 10 year term.
Shared Secured Loan:
This loan is designed for you to borrow
against your own shares. This loan is also here to help build up
your credit. The loan amount is designed by you; the amount will not
exceed the total amount of shares held and terms are offered up to
60 months. Shares are eligible for dividends while being held.
MasterCard Credit Cards:
We offer two MasterCards with low rates
and no annual fee. Our Platinum & Classic MasterCard have limits up
o $10,000.00. Our MasterCard is accepted worldwide
and the only card you will need! Please call for an application to
apply for one today! (516) 822-1070 Option 3.
Payday Alternative Loan (PAL):
now with a Savings Account for later
Did you know that a loan from
one of those payday lenders has an effective rate of 400% or more?
That’s no way to solve a cash emergency! Since your Credit Union is
a not-for-profit financial institution owned by our members, we’re
only financially healthy when you are. Our members deserve a safe,
smart option for emergency cash. We designed something that helps,
rather than makes the problem worse.
NY TEAM FCU offers a Payday
Alternative Loan (PAL) with no additional fees. Other companies
charge pesky application or renewal fees. With our Payday
Alternative Loan (PAL) you can borrow up to $1,000 with up to 6
months to repay. You pay a fixed rate of 18% APR regardless of your
Now here’s the happy ending:
An equal portion of the loan goes into your Savings Account when the
loan is paid in full. You benefit two ways—you solve your short-term
cash problem, and get a head start to establishing a savings account
you can build on! How’s that for a real alternative to the payday
If you request a loan for $750.00, by the end of the term on the
loan, you will have paid off the loan and have a $750.00 Savings
*APR = Annual
Percentage Rate. Rates and terms are accurate as of 1/1/15 and are subject to change without notice. Rates available for loans with full
MVP discount. The above loan requests are subject to credit
approval. Loan rates
without Direct Deposit MVP discount will be 1.00% higher than those
Applicants who are not approved at these rates or terms may be
offered credit at a higher rate and/or different term. Please see an
NY TEAM FCU representative for
additional information, applicable fees and terms. Membership in NY
requires a Share Savings account with a $25 minimum balance. To be
membership you must belong to one of our charters or be an immediate