Lending Services

Whatever your needs are, you can be assured prompt, personal, professional, confidential service, and competitive loan products. Loans are granted on the basis of credit rating/performance, monthly income, length of employment, and current financial obligations. You can apply for a loan in person at our office, by telephone, fax, or mail.

The credit union offers the following types of loans to our members:

• New and Used Vehicle Loans
  City of Downey Federal Credit Union offers vehicle loans with low interest rates and extended terms that can get you driving your dream car.

• Signature Loans
  No collateral is needed to get a signature loan, all you need is your good credit history, verification of your income, and your signature of course. A signature loan can be used for a wide variety of ways including bill consolidations, purchasing a new computer, paying taxes, or simply going on a vacation.

• Share Secured Loans
  Use your available credit union funds as collateral for your loan with a lower interest rate. Use it anyway you would use a signature loan. Plus, the funds used as collateral continues to earn dividends and in effect lowers the total cost of your loan.

• 1st or 2nd TD Home Equity Loans
  Refinance your existing loans with City of Downey FCU and take advantage of our competitive 1st and 2nd TD rates and terms.

• Home Equity Line of Credit
  Use the equity in your home to do some home improvements, consolidate bills, or purchase a vehicle.

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Member's Fico Score will determine risk category for maximum amount, term and interest rate. All rates are subject to change by City of Downey Federal Credit Union's Board of Directors without prior notice. Other loan terms and conditions will be disclosed prior to funding a loan. City of Downey Federal Credit Union is an Equal Housing Lender and governed by the National Credit Union Administration.