When you need a loan--large or small--for any reason, come to Irving City Employees
Federal Credit Union.

Why? Here are just a few reasons:

• Low rates: Our low, competitive rates help you get the best bargain available.  Plus, we typically give an *interest rebate each year! 
  
  Here's what we've historically returned: 
  2009:  11.0% finance charge rebate
  2008:  20.0% finance charge rebate
  2007:    8.5% finance charge rebate
  2006:    7.5% finance charge rebate
  2005:    5.0% finance charge rebate
  2004:    5.5% finance charge rebate
  2003:    6.5% finance charge rebate
  2002:    4.0% finance charge rebate
  2001:    4.0% finance charge rebate

  *For example, if your total finance charge on your vehicle loan in 2008 was $500,  we credited $100 back to your regular share account on 12/31/08!
  As this is a return of interest you paid during the year, it is not reported to the IRS as income.  Loans in default/under bankruptcy or over 2 month's delinquent during the year do not qualify for the rebate; nor do member accounts that have caused the CU a loss in their checking accounts.
  MasterCard accounts are not included in the rebate
  as they earn reward points throughout the year.
   

• Complete loan products: With a variety of loans to choose from, we'll structure a loan plan to meet your specific needs.
   
• Caring professionals: We won't offer you a loan that's bad for you just to make money.  We'll make a loan for as little as $500 so don't pay ridiculous fees/rates at a "payday" loan company!

Auto Loans

If you find the process of buying a vehicle frustrating, we can help! Rates start as low as 3.4% APR (<37 months) and we'll finance up to *84 months on new vehicles.
Now tractor loans are the same low rates as vehicle loans!
On motorcycle loans pick which terms you prefer, vehicle or other secured!

Other Loan Types

Everything from motorcycles, boats to horse trailers, we have the loan to fit your needs--at rates starting as low as 6.4%. On loans over $15,000 financing may be approved for up to 84 months!  RVs may be approved for up to 144 months!

Did You Know?

* You can make your loan payments automatically through payroll deduction! If you work for the City of Irving, you can have your loan payments taken automatically out of your check each payday.

* All ICEFCU loans are based on Simple Interest Method of Interest Calculation: This is the best interest calculation method for the borrower as interest is paid only on the decreasing monthly balance. There are no pre-payment penalties with CU loans, so interest is paid only for how long the funds are borrowed.

* We service your loan. If you have a question, you can get an answer right away!

* Low cost disability and credit life insurance are available.

* We’re here to save you money! Since the credit union is a financial cooperative, you, our members, by your deposits/savings, provide the pool of funds that we in turn loan back to our members borrowing funds. The interest made from loans (along with income from investments, etc.) and after deducting operating expenses is returned to the membership in the form of dividends on deposits and services.

* Payments will be rounded up to the next whole dollar amount

* Late Charge: $5 per monthly payment on every payment over 10 days past due

* ICEFCU does not make Commercial/Business Loans