MEMBER PROFILE
Pat and Jackie Moe, Finger Lakes Beverage Center
My wife Jackie, my son Nicholas and I saw the need for a business offering a wide variety of beverages that appealed to all ethnic groups. The Beverage Center meets this need. We offer a wide variety of beers and gourmet sodas. Our customers can mix and match, special order and even take home draft beer through our Growlers System. We’re excited about this new business venture and we have Alternatives to thank for it. Getting a loan at Alternatives has been a tremendous experience. They’ve been cooperative, supportive and enthusiastic about our business. Their ideas have been helpful. We really appreciate the entire Alternatives staff. We’re glad to be a business supported by Alternatives. They’ve certainly made a difference for us.
Consumer Loans
CONSUMER LENDING
Opportunity Lending® makes credit available quickly, to as many members as possible, over a wide range of credit standings, at excellent rates.
Alternatives offers loans at very competitive rates to members who already have a good credit history. We also work to help members develop good credit records. As members handle small loans successfully, they can build up to larger amounts and better rates.
Debt is a double edged sword. Unproductive borrowing can get people in trouble. Responsible borrowing gives people a way to move towards financial self sufficiency. Borrowing, when used responsibly, can be a positive strategy towards greater wealth.
Avoid Predatory Payday Loan Products!
Payday Credit Plan
Alternatives now offers a Payday Credit Plan for members who have had an account for at least one year. This loan product, designed to meet immediate cash needs in emergency situations, is structured like a Line of Credit and carries a $40 annual fee and an 18% APR. 5% of every loan is deposited into a savings account for the borrower to build funds for future emergency financial needs. Payday Credit Plans must be paid off with your next pay or benefit check, but can be renewed with no additional fee. For more information, email Tolkyn Aidarova, or give her a call at 216-3413.
Secured Loans
New Auto Loan
Go to an auto dealer for a car and your credit union for a loan. You may be able to get a better deal on the car. Dealers charge more for the car to cover their discounted financing package. You can also borrow at low secured rates to refinance current year models or previous year models with less than 18,000 miles. You can also purchase a recreational vehicle, boat or motorcycle.
Used Auto Loan
Excellent rates are available for our members who want to buy or refinance a used auto up to eight model years old. If you are interested in purchasing a used recreational vehicle, boat or motorcycle, this loan will meet your needs.
Share Secured Loans
If you need to establish credit, want to meet a need without depleting your savings or want to borrow money without the need for a co-signer, consider a Share Secured Loan. The loan is secured by a Share Certificate that earns interest while securing the loan. It's a cost-effective way to borrow from yourself since the interest rate is only 2% greater than the rate being paid on the Certificate.
For 3 easy ways to apply for an auto loan, see bottom of page.
Unsecured Personal Loans
Signature Loan
Our members borrow for a large variety of reasons: home appliances, small home repairs or home improvements, vacations, medical needs, computers... the possibilities are endless. Our loan officers will work with you to establish an affordable repayment term.
Debt Consolidation Loan
This loan comes to the rescue when debt has become a problem. The funds are used specifically to pay existing debt and help members get onto our Credit Path® toward financial security.
Refund Express Loans
National chains provide quick refunds after preparing tax returns, but also charge steep fees for this service. Alternatives' Refund Express Loan gives members a way to obtain a quick loan against tax refunds, without excessive charges, after having a free tax return prepared through the Credit Union's Free Tax Preparation Program.
Credit Builder Loan
This loan is for members who find themselves without a credit history. The Credit Builder loan provides credit to low income and first time borrowers and helps establish credit by using alternative credit verifications.
Line of Credit/Overdraft Protection
Apply for a Line of Credit today, and have funds available when you need it. Interest doesn't begin until the funds are used. And the Line of Credit does double duty as overdraft protection. Should your checking (share draft) account overdraw, the Line of Credit advance covers overdrafts. The Line of Credit is rainy day and overdraft insurance.
Alternatives VISA Debit Card
Debit cards are an accepted alternative to writing checks: a plastic check. The debit card provides ATM access and allows for purchases wherever VISA cards are accepted. Funds for purchases are withdrawn directly from your checking account, allowing for all the convenience and benefits of a credit card without the monthly payment. Many members combine this card with a Line of Credit for added convenience and protection.
Opportunity Lending uses credit bureau scores to determine loan rates for secured and unsecured loans.
- For those with a perfect credit history and ability to repay, our rates are some of the lowest in town.
- No credit history? We'll work with you to establish credit.
- Some problems in the past? Please see us instead of finance companies.
Auto and Personal Loan Rates
3 Easy Ways to Apply:
- Check our Auto and Personal Loan Rates
- Call our Anytime LoanPhone 24/7 at 1-866-529-8722
- Apply online
- Stop in and get a loan application at our front desk
"Alternatives gives community members a chance. I think the name says it all. You gave me a loan opportunity. I feel a sense of accomplishment. My next goal is a house!" - Borrower
For More Information Contact:
607-273-4611 Ext. 721
Toll free: 877-273-AFCU Ext. 721
Email: opportunity@alternatives.org
built by Cyrus
