Credit & Loans
A Bay Credit Union Loan makes sense!
If you don’t have ready cash, a loan can allow you to take advantage of discounts or sales, lower your monthly debt payments, or take care of immediate needs. And you can pay back a Bay Credit Union loan as quickly as you like without penalty!
Bay Credit Union returns its profits to its members. Borrowing members are paid Loan Interest Rebates each year based on the profits of Bay Credit Union.
Whatever your reasons for considering a personal loan…consider Bay Credit Union first!
Borrowing in Today’s Economy
How do we decide if your loan request is approved? Our credit decision focuses on the 3 C’s of borrowing: Character, Collateral, Capacity.
Character – Credit rating and personal credit history
Collateral – Security, very often determines interest rate
Capacity – Ability of borrower to repay the loan, your Debt Service Ratio
For all your lending needs, please call Cheryl at 807.345.7612 or Donna at 807.345.8153