Refinance your JSC FCU Loan

• 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.)

• What you will need to provide at application:
  • Personal contact & employment Information
  • Proof of Income
    • W2
    • Pay Check Stub
    • Self Employed: Two years of tax returns
  • Collateral Information (Optional) list specific information including Loan Type
    • VIN Number
    • Year/Make/Model
    • Mileage
    • Color
    • Features
  • Loan Term
  • Amount Requesting if adding on to your loan
  • 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.

• For online closings,
  • If there is a change in ownership, Member will be emailed a Power Of Attorney (VTR-271 ) form to be signed and notarized by all parties listed or are being added to the title. Because the State requires original signatures, the POA form should be mailed or dropped off in person to your loan processor.
  • The copy of the registration is required if there is a change in ownership. 
  • Email/fax State Issued Photo ID Must be current (All parties listed on title)
• For in-branch closings, member should contact their loan officer to schedule a closing appointment.

• Member and all parties listed on the title must be present.
  • Documents to bring to closing
    • Insurance ID Card
    • Current State Issued Photo ID€“ (All parties listed on title)
Member chooses optional products
• Credit Life / Disability Insurance
Member can sign loan documents in person or electronically
• Mail payment coupons
• Scheduled Transfer
• ACH payments (from another financial institution)
• Electronic Transfer

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

The loan will need to be financed with JSC FCU for at least 1 complete year in order to refinance.

There is a no refinance fees to refinance a farm equipment loan.

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

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.

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

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

Loans are typically approved the same day.