• Benefits/Good to Know
  • Finance Your Farm Equipment
  • Tools
  • 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

  • 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-borrrower or one or the other.)

Finance Your Farm Equipment

JSC FCU offers extremely competitive interest rates and terms for both new and used vehicle. 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 Farm Equipment

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 farm equipment 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. (The collateral may not be added to your Homeowner's policy. A separate policy must be purchased for your farm equipment. For example, Inland Marine or Personal Articles Policy)
Loan Closing
  • Member chooses optional products:
    • 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.




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 farm equipment for 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 farm equipment 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 farm equipment loans?

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

What is the maximum age of a farm equipment I can finance? 

We prefer the farm equipment being less than 8 years old.

How much can I borrow on a farm equipment loan?

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

How is interest calculated on a farm equipment 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 farm equipment loans? 

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

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.

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