Loan Types

Your credit union offers a variety of loan types to fit the varied needs of the Ka’u Community. Interested in one of our loan products? Simply complete our online Loan Request form, to get the process started.

Personal Lines of Credit: Personal Lines of Credit can be a based on your signature, partially secured or share secured. Interest rates vary and are tied to either the credit union’s dividend rate or the 90-day Treasury bill rate. Contact the credit union for more information. See Rate Board.

Home Equity Lines of Credit: Loans secured by either a first or second mortgage on improved property (property with a livable and permitted residence.) There is a five-year advance period and the balance is repayable over 15 years from the month of the last advance. This is the perfect loan for those who want to make home improvements at their own pace, make investments or make major purchases. The interest on a home equity line of credit may be tax deductable. (Consult your tax advisor). The interest rate can adjust twice a year. See Rate Board.

Long Term First Mortgage Loans: The credit union operates through a third party to provide some of the best mortgage interest rates available. If you are buying a new home or want to refinance your existing mortgage, call our loan department at 808-929-7334.

Student Loans for College Education: Student Loans-USA Group is the third party vendor we use for Stafford, other government guaranteed student loans and other long term financing for post secondary education. Click here to read about and complete a government guaranteed student loan application.

Business Loans: A variety of loan services are available to small businesses. Micro-Enterprise Loans and SBA guaranteed loans. Prospective borrower please call 808-929-7334 to make an appointment with our Loan Department.

Share Secured Loans: Loans where the principal balance is secured 100% by the cash that is held on deposit in your credit union account. The interest rate is 2.50% over the current Share (Savings) account dividend earned. See Rate Board.

Partially Secured Loans: Loans where the principal balance is secured 50% by the cash that is held on deposit in your credit union account. See Rate Board.

Personal Signature Loans: Personal loans are granted based solely on the credit worthiness and repayment capability of the applicant. See Rate Board.

New Vehicle Loans: The credit union finances up to 100% of the purchase price. See Rate Board.

Used Vehicle Loans: A variety of interest rates are available for used vehicles. Used vehicles must be no older than 8 years by the end of the loan term selected. See Rate Board.

GAP Insurance: Buying a car is a big purchase and GAP insurance can help insure that your loan will be paid off in full due to an accident or theft of your vehicle. The credit union will give favorable rates and allow financing of the entire purchase price at already low interest rates. Contact the credit union at 808-929-7334 for more information.

Please contact the credit union or email us at loans@kaufcu.org for more information about any of our loan products.