HEY WIZ-KID:
Can I get a First Time Home Buyer Loan through Vue Community Credit Union?

WIZ-KID SAYS:
Yes! Stop by Vue CCU at 818 E. Main Ave. in Bismarck or call 701-223-6533 and ask for Deb Stoppler.

HEY WIZ-KID:
Does Vue offer Home Equity Loans?

WIZ-KID SAYS:
Yes - and the loan can be used for any purpose. Call us today at 701-223-6533 for more information.

HEY WIZ-KID:
What is a Credit Union?

WIZ-KID SAYS:
A Credit Union is a financial institution formed for a group of people. Credit Unions provide financial services to those it serves-striving to keep fees low and to return value to their members. The members of a Credit Union are the owners. Prior to February 11, 2008, Vue Community Credit Union operated under the name of St. Alexius Community Credit Union. The name change was made to more appropriately reflect the diverse field of membership which includes thousands of individuals and organizations residing within a 75-mile radius of Bismarck-Mandan, ND. We serve the public who live within the 75 mile radius of Bismarck-Mandan and their families.

HEY WIZ-KID:
Is there such a thing as a guaranteed loan?

WIZ-KID SAYS:
Yes, a Share Secured (using your Savings as collateral) Loan is a guaranteed loan. You can borrow dollar for dollar what you have in your savings account, however, while you have the loan-your savings must remain on deposit. This is a great way to begin a credit rating!

HEY WIZ-KID:
What percentage of a home appraised value can you borrow for a home equity loan or line of credit?

WIZ-KID SAYS:
We go up to 90% of the city assessed value or appraisal value. We try to use the city assessed value when we can as you save the cost of the appraisal that way. If the city assessed value isn't sufficient or you are requesting a credit line of $100,000.00 or more, an appraisal can be ordered at the cost of $500.00 at your option.

The amount you may have available is calculated like this:

Appraisal Value X .90 = amount available for mortgages
-minus any 1st mortgage balance:
equals amount available for a Home
Equity Loan.

You still have to qualify with your credit and the new payment.
The loan can be used to consolidate loans, credit cards,
home improvement, college, etc. Thanks for asking the
question. Call Deb S. at 223-6533 if you'd like more information.

HEY WIZ-KID:
What is the interest rate on primary shares at VUE?

WIZ-KID SAYS:
The current rate on your primary share account is 0.45% APY on any balance of $25.00 or more.

HEY WIZ-KID:
can i download a home loan application online?

WIZ-KID SAYS:
Since there are many scenarios purchasing, refinancing etc., we would prefer you call us at 701-223-6533 and ask for
Deb Stoppler. She will send you an application along with a list of other information needed and then set up an appointment time for you to come in.