• Benefits/Good to Know
  • Finance Your Boat
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  • FAQs


  • Competitive interest rates
  • No penalties if you choose to pay off your loan early
  • Low-cost optional payment protection insurance
  • Free online loan calculators
  • Convenient payment options

Good To Know

Loan Payoff

If we processed the title work electronically, we will contact Texas DMV to release our lien. 10 business days after the loan is paid off, the title will be mailed to the address on record.

If your title was not processed electronically, JSC FCU will mail the title 10 business days after the loan is paid off to the address on record.

GAP (Guaranteed Auto Protection) Insurance 

GAP Insurance helps pay off your remaining loan balance if your boat is stolen or damaged, and is deemed to be a total loss. GAP Insurance bridges the "gap" that can occur when the unexpected (accident or theft) happens to your boat. It bridges the amount you owe and the amount your boat insurance covers for your boat.

Benefits Include:

  • Protection for the term of your loan up to 84 months.
  • Coverage for boats financed up to $100,000.

You may even qualify to add the cost of GAP to your loan. Please contact a JSC FCU representative for more details.

  • The co-borrower, must be a JSC FCU member.
  • Interest rate is based on the qualified co-borrower - parent, grandparent or legal guardian.
  • Loan qualification is based on the parent, grandparent or legal guardian.
  • The co-borrower may choose the name(s) listed on the title. (Both the borrower and co-borrower or one or the other.)

Finance Your Boat 

JSC FCU offers extremely competitive interest rates and terms for both new and used boats. Use this guide to apply for a loan, find your vehicle and to finalize your loan – we even explain the process in between so you know exactly what’s needed to expedite the process.

Use the print icon located at the top right to conveniently print the provided information.

  • What you will need to provide at time of application:
    • Personal contact & employment Information
    • Proof of Income
      • W2
      • Pay Check Stub
      • Self Employed: Two years of tax returns
    • Collateral Information (Optional)
      • VIN Number
      • Year/Make/Model
      • Mileage
      • Color
      • Features
    • Amount Requesting & Down payment (if applicable)
  • Member will receive a pre-approval letter (email for online apps) from a loan officer/processor. This will be your point of contact for your loan closing.
Finding your Boat

Negotiate best price and sign Purchase Order (also signed by dealer).

Prior to Loan Closing
  • Member or Dealer should fax/email/bring in person the signed Purchase Order to loan officer.
  • Member should contact their Insurance Agent to obtain an Insurance Policy or Declaration Page listing the boat and JSC FCU as Lien Holder with a max Comp / Collision of $1,000. Member should fax/email/bring this form to their loan officer.
  • For in-branch closings, member should contact their loan officer to schedule a closing appointment. For online closings, member should fax/email their documents to their loan processor.
Loan Closing
  • Member chooses optional produ
    • Guaranteed Auto Protection (GAP) Insurance
    • Credit Life / Disability Insurance
  • Member chooses payment options
    • Mail payment coupons
    • Scheduled Transfer
    • ACH payments (from another financial institution)
    • Electronic Transfer (through eBanking)
    Member can sign loan documents in person or electronically
    • Online: via secured channel
    • In-Branch: in person
  • After documents are signed and audited, a Draft Letter will be delivered to the dealership. This document will allow the member to take possession of the vehicle.
  • Member will go to dealership and take possession of vehicle; Dealer processes Title work and gives member their license plate.




Can anyone get a loan from a credit union?

Only a member of a Credit Union can apply for a loan. To find out if you are eligible for membership or for information about becoming a member click here.

How many years can I finance a boat loan? 

You may be able to finance up to 15 years. Please contact a JSC FCU representative for more details. 

Can I apply for a loan if I haven't found a boat yet? 

Yes, you may apply for the approximate amount you will finance and obtain a pre-approval good for 30 days.

Is there a pre-payment penalty on boat loans? 

No, you may pay your loan off at any time.

What is the maximum age of a boat I can finance? 

We prefer the boat being less than 8 years old.

How much can I borrow on a boat loan? 

You may qualify to borrow up to 120% of NADA average retail on a boat loan. Please JSC FCU representative for more details.

How do I know if my loan is approved? 

You will be contacted by the loan officer assigned to your application.

How long does it take to get a loan approved once the application has been turned in? 

Loans are typically approved the same day.

How is interest calculated on a boat loan? 

Divide the interest rate by 365 days (# of days in a year), multiply by the principal balance (this gives you the per diem), then multiply that by the number of days from payment to payment. Interest is calculated daily on the unpaid principle balance of the loan.

Do you offer credit life and disability insurance on boat loans? 

Yes, we offer credit life and disability insurance on our boat loans.

How long does it take to get my title back when I've paid off my loan? 

Titles are mailed out within 10 business days of loan payoff. However, if you need your title quicker, you can come to the Main Office Loan Department and pickup it up the day the loan is paid off as long as you pay the loan off in cash or by transfer from a share account.

If your title was processed electronically, we will not be able to expedite the title. 

Does the title have to be in my name? 

Whoever is on the loan can be on the title.

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