Home

Applying for Credit


Take the wrinkles out of your credit with UMMCU

Loan applications can be e-mailed, mailed or faxed to our members. You may call in your request to (309) 827-8636 or fax your request to (309) 827-7275.

Before returning your application, please make sure the following items are complete:

  • Check to insure all sections are complete. If all the debt information cannot be listed on the application, please send the information on a separate sheet.
  • Be sure to include the purpose of the loan. Be aware that "personal" in not acceptable to our examiners.
  • Make sure that the application contains the proper signatures with dates.
  • Income verification is required on all lending, except 100% share and certificate secured loans.
  • Include a copy of your current auto insurance card and buyer's order/purchase order (or letter from the seller) when applying for an auto loan.
  • In the case of debt consolidation loans, addendum requiring additional lending restrictions may be required.

All requests will be acknowledged by return call or written response within 2 business days. In most cases, acknowledgement is accomplished within hours of receipt.

Application approval time is dependant upon applicant's credit history:

  • Members with a FICO score of 721 or above are approved instantly, and funds will be released within 12 to 24 hours. (Usually same business day.)
  • Members with Loan Officer approvals will have funds released within 24 to 48 hours. (Usually two business days.)
  • Members approved by Credit Committee will be notified of the approximate time that funds will be released.

Written proof, from the insurance carrier, of full insurance coverage on the financed auto purchase is required within 10 business days after funds are released.

Signed lending contract, payroll deduction and/or ACH agreements are required within 10 business days after funds are released.

For additional lending information, call (309) 827-8636, extension 21.

For questions or concerns regarding payroll deduction and/or ACH withdrawals, call (309) 827-8636, extension 10.

Mortgage Information

UMMCU has joined with Service Corp Mortgage, a division of ICUL Service Corporation, to better serve our membership. Service Corp Mortgage provides home loans exclusively to credit union members.

  • Standard Home Loans are available at fixed or adjustable rates.
  • Smart Start Home Loans feature low-to-no down payment options.
  • Bounce Back Home Loans make owning a home possible even with a less than perfect credit history.

For more information, call Service Corp Mortgage today at 1-800-344-7846., or visit their website at http://www.servicecorpmortgage.com/