How to Apply for a Loan

To initiate the lending process, the loan applicant must first complete a detailed loan application.

There are several ways to receive the application:
- Call the office
- Come into the office
- Complete the application online via your PGH Firefighters Home Banking Site

Types of Loans

Eligibility is determined by first having the required $10.00 in your savings. The Loan Officer then considers the amount you want to borrow with a credit check from the credit bureau and with the following thoughts in mind
First-time borrowers must have a co-signer or pledge shares
Indebtedness must not exceed $30,000.00 at the credit union. This includes who you have co-signed for and the current status of his or her loan
All applicants must be presently working and able to supply a current employment pay stub or a previous W2 form. (Note: if self-employed for two years, proof of income will be needed.)
When applying for a car loan, a bill of sale must be submitted with the loan application, private sales exempt. A VIN number and current proof of Auto Insurance are mandatory on all car loan applications

Loan rates vary according to the type of loan. Finance charges on your credit union loan are calculated on the unpaid balance, so you pay only for the days you use the money. There is never a penalty for early repayment of your loan, and there are no charges or fees for credit investigation (H/E loans are not included). Your credit union loan payments can be automatically deducted from each paycheck, if you request it. Payroll deduction makes budgeting simpler and saves worry over late payments

When making your loan payment it is absolutely essential that the full account number and the loan code number must be included with your payment
Monthly payments must be made even if paid ahead