Loans

Low Rates, Favorable Terms

At CUofTX, loans have rates and terms designed to meet your needs. CUofTX will lend money for secured and personal loans, new and used automobiles, recreational vehicles, boats, home equity, first mortgage, vacations, education and many other worthwhile purposes. Flexible repayment terms will fit your budget. You can save time and money by arranging to have loan payments automatically deducted from your paychecks or from your credit union checking account.

It's easy to apply. In most cases you may make an application and get your loan approved in just hours. Call 972-263-9497 to arrange your loan over the phone. Your application can be taken on-line with your CUofTX Home Banking personal identification number. Apply for your loan on-line. (Approval is subject to current credit guidelines or verification of continued creditworthiness.)

New and Used Auto Loans

If you are planning to buy a new or used vehicle, CUofTX can help you work out the financial details. Our low rates and flexible payment plans may be the boost you need to close the deal. A variety of repayment terms and down payment options means we can design an auto loan to fit your budget.

Auto Loan Refinance

If you currently have an auto loan with another financial institution, compare our rates and save! To lower your monthly payments, we offer low fixed rates and a choice of terms.

Recreational Vehicles, Motorcycles, Boat Loans

To help you get off the road, or in the water, we offer a variety of financing options to suit your budget. Terms up to ten years and very competitive rates are available.

Special Auto Loan Coverage

For additional peace of mind for you and your family, be sure to add Mechanical Breakdown Protection and Guaranteed Asset Protection (GAP).

Click here to learn more and receive a no-obligation quote for your vehicle.

As a CUofTX member, you are also eligible for discounts on auto insurance.

Home Equity Lending

Home improvements, bill consolidation, dream vacation, education expenses? No matter what your borrowing needs are, the equity in your home can provide a low interest solution. CUofTX offers competitive rates and flexible terms. Best of all, you may be able to deduct the interest from your taxes! (Consult your tax advisor for tax deductibility.) Credit Union of Texas has two Home Equity options available for qualified members in Texas, so you can choose the one that's perfect for you. Some restrictions may apply.

Home Equity Loans are a great solution for those who prefer a low, fixed rate and predictable monthly payments. A Home Equity Loan is a great way to finance a specific purchase.

Download our Home Equity Loan Information and Application Packet *

Home Equity Line of Credit, or HELOC, is best for those who enjoy the flexibility of an open-ended line of credit with a variable interest rate. As you make payments, the money becomes available again for other uses. It's a great choice when you have ongoing borrowing needs like a college education.

Download our HELOC Information and Application Packet *

*You will need Acrobat Reader to view these applications. If you do not have Acrobat Reader, you may download it for free.

$mart Energy Loans - For City of Plano Homeowners Only

You may be eligible to make affordable energy efficiency improvements to your home, and obtain loans to cover the cost if necessary, at discounted interest rates through Credit Union of Texas! Visit www.smartenergyloans.com for more information or to get started.

Payment Protection

When credit union members take on a new financial obligation like a loan, they often ask about what would happen in the event of a death, disability, or layoff. That's where payment protection comes in. Credit Life, disability, and involuntary unemployment coverage can be a big help financially when difficult circumstances arise. For more information about Payment Protection coverage, contact Lending Services at 972-263-9497 and select option 2.

Calculate a Consumer Loan with Payment Protection

Calculate a Home Equity Loan with Payment Protection

Mortgage Loans

When you're ready to buy your new home, let an experienced mortgage lending officer help you make the choice that's right for you and your family. Through a special arrangement with CU Members Mortgage, CUofTX has over 150 mortgage products available. Besides matching you with the mortgage that's right for you, in most cases we can pre-qualify you for a mortgage amount in less than 24 hours.

We have two mortgage representatives to serve you: Vaneesa Cohen and Angelo Falto.

Learn more or get pre-qualified today. It's fast and easy!

Reverse Mortgage Program

Reverse mortgages are designed for members 62 and older and work in reverse of a standard mortgage. Instead of paying the mortgage company every month, a reverse mortgage is a lien on the property and the mortgage lender pays THEM every month. That "paycheck" can effectively supplement whatever steady income you already have. For more information on reverse mortgages, contact Andy Berry at 866-408-6889or andyb@homeloancu.com.

Loan Payment Options

There are a variety of ways to make a payment on your CUofTX loan:

Home Banking –You may transfer from your CUofTX savings or checking account to your CUofTX loan to make your payment through our Home Banking service. Log in to Home Banking and select transfer to make a payment. There’s no charge for this service.

Western Union SpeedPay – Use our Western Union SpeedPay options to make your CUofTX loan payment (a $7.50 processing fee applies). This service is available 24/7 for your convenience. Click here to pay online.

In Person or by Mail – You may pay by mail by sending your check or visiting one of our 11 branch locations or any CU Service Center location.

Equal Housing Lender

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