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A VECU Loan
Officer can accept your loan application and discuss qualifications,
guidelines, fees, and requirements with you. VECU follows a
risk-based lending policy approved by the Board of Directors.
All loans require a current and acceptable credit report(s) for the
borrower(s), income and employment verification of the borrower(s), are subject
to approval of the Credit Committee, and other documents which may be
required to secure a loan. The Credit Committee meets biweekly.
VECU offers the following loans for consumer items. Each type of
loan has individual loan limits (financing terms, interest rates,
etc.):
| Personal Line of Credit |
| New automobile |
| Used automobile |
| New recreational vehicles |
| Used recreational vehicles |
| Boats |
| Tractors |
| Motorcycles |
| Farm equipment (limited) |
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