PATH Loans

See Our Competitive Rates Below!

Share Secured Loans

Share Secured Loans are secured by shares in the member's account to a maximum of $20,000.00. The Share Secured Loan is issued in increments of $500.00.

Vacation Loans

The credit union has implemented a new loan policy for vacations. This loan requires that we have a receipt for the vacation, i.e., hotel bill, airline bill, or travel agency invoice.

Home Appliance Loan

This loan is available for all members in good standing who make home appliance purchases, i.e. computers, television sets, etc. A receipt of the purchase of the appliance is mandatory when applying for this loan. The maximum dollar amount is $2,500.00. The check will be made payable to both the member and the appliance store.

Home Improvement Loan

Any member in good standing with one year of credit union membership can apply for this type of loan. A receipt from a licensed contractor is required, and the check will be made payable to both the member and the contractor.

Credit Card Debt Payment Loan

Any member in good standing with one year of credit union membership can apply for this type of loan. The most recent statement from the credit card company is required, and the check will be made payable to both the member and the credit card institution. The credit card account must be closed.

Tax Loan

This loan would be for income tax purposes only and requires a tax bill. The check would be made payable to the member and the Tax Department.

New Car Loan

Any member in good standing with one year of credit union membership can apply for a new car loan.

PATH Federal Credit Union will be stated as the lien holder on the Certificate of Ownership to this vehicle until the loan is paid in full. The member is also required to submit a loss payee form provided by the member's automobile insurer showing the credit union as the loss payee.

Used Car Loan

Any member in good standing with three years of credit union membership can apply for a used car loan. This loan is for a used vehicle, no more than three (3) years old, and purchased from a dealer.

PATH Federal Credit Union will be stated as lien holder on the Certificate of Ownership to this vehicle until the loan is paid in full. The member is also required to submit a loss payee form provided by the automobile insurer showing the credit union as the loss payee.

Motorcycle Loan

This loan would be for a new motorcycle and would follow the terms of a new car loan. The maximum dollar amount would be $20,000.00 and the PATH Federal Credit Union would be the lien holder on the motorcycle.

Personal Loan

Any member in good standing wishing to apply for a Personal Loan must have one year of credit union membership. No more than two (2) loans per year will be approved. All members will be subjected to both a credit check and debt ratio.

Equity Loans

The credit union offers Home Equity Loans (second mortgages) to a maximum of $100,000.00. This loan cannot exceed 80% of the loan to home value, and the PATH Federal Credit Union must be listed as the First Equity Lien Holder on the Home Lien. Detailed information can be obtained by calling the credit union office.

Rates