Borrow from us with our Hassle Free Credit Process. Complete a simple credit application and send it along with your organization's last two year-end financial statements for quick approval.
Apparatus: Pumpers, Tankers, Ladder Trucks, Emergency Response Vehicles including Ambulances or other such specialty equipped motor vehicles used for Fire/EMS protection and response (including utility and chiefs vehicles). We can also refinance the rehabilitation cost of any of the above. Maximum repayment term of 10 years, maximum loan to value of 80%.
Accessory Equipment: Other equipment necessary to support firefighting or emergency rescue activities, also including building renovations, rehabilitation, repair or purchase of facilities. $100,000 limit, maximum repayment term of 10 years, maximum loan to value of 80%.
Personal Protective Equipment: Clothing and devices that comply with OSHA standards used to protect personnel from injury who provide emergency services, including but not limited to helmets, coats, boots, eye shields, gloves, and self-contained respiratory protection devices. $100,000 limit, maximum repayment term of 8 years, maximum of 75% of total project cost.
Communications Equipment: Mobile and Portable Radios, pagers and any other communications devices for your personnel, apparatus and station. $100,000 limit, maximum repayment of 8 years, maximum of 80% of total project cost.
Share & Certificate Secured: You can secure a loan with funds you have on deposit in your Share Savings or Share Certificate Account. You can continue to earn interest at the current rate while benefiting from one of our lowest finance rates.
|Share Secured||Up to 10 years||2.40%|
|Certificate Secured||Up to 10 Years||Certificate Rate + 2.00%|
Partner with FASNY Federal Credit Union on the purchase of Apparatus, Personal Protective Equipment, Communications Equipment, or Accessory Equipment. Obtain a low rate Share or Certificate Secured Loan to finance your building renovations, rehabilitation, repair or purchase.
Benefit from our Flexible Payment Terms to suit the needs of your organization's budget. Repay your loan monthly, quarterly, semi-annually, or annually over a term of anywhere between three and twelve years depending on the purpose and use of loan proceeds.
If funds become available to your organization, pay off your loan early with No Prepayment Penalty.
Download an Organizational Loan Application HERE.
Rates and terms current as of June 1, 2013, subject to change. Other rates and terms available. Other conditions may apply. Call for details. Loan approval subject to membership eligibility and credit-granting terms and conditions. We do business in accordance with the Equal Credit Opportunity Act.
* Maximum loan to value of 75% on any major building renovation.
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