*Effective January 1, 2020

La Loma offers loans for most member needs. La Loma’s interest rates are based on each individual member’s credit history with Experian’s Fair Isaac Score. La Loma’s loan decisions are based on judgment; the scoring model is used to determine the interest rate once the loan is approved. This does not include Real Estate, Signature, LOC Overdraft, Holiday,Tax, Apple Computer, or Share loans.

Vehicle Loans

Vehicles Terms APR Est.Payment
/1000 Borrowed

New Vehicles
<5000 Miles

Up To 60 months
Up to 72 months
Up To 84 months



Used Vehicles

Up To 60 months
Up to 72 months
Up To 84 months



Secured RV, Travel Trailer Camper (2011-2020

Up To 60 months
Up to 72 months
Up To 84 months
Up To 120 months



Secured Motorcycle

Up To 60 months
Up to 72 months



Other Loans

Loan Type APR Maximum Term Other Late Charge

Visa Platinum



No Annual Fee

$20 after 10 days

Student Visa
12.90% $10,000 No Annual Fee $20 after 10 days

Overdraft Line of Credit



Ties with La Loma Checking

$15 after 10 days

Holiday Loan (Seasonal)



12 months

Same as Vehicle

Share Secured


90% of regular shares

60 months

Same as Vehicle

Signature Loan



Up to 60 months

Same as Vehicle

All rates and terms are subject to change without prior notice.

Other Information

Mechanical Breakdown Insurance (MBI) La Loma can now offer members an affordable solution to those often over priced dealer warranties. If you are considering a dealer service contract on the car you are purchasing, be sure to contact the credit union to compare costs. YOU will be pleasantly surprised!!! The cost of the insurance can be financed along with your loan. If you paid cash for your vehicle, La Loma can issue a MBI policy to you (some restrictions for model years and mileage may apply).

Guaranteed Auto Protection (GAP) Gap offers protection against financial liability for members who finance a new or used auto or truck. GAP protects against financial loss in the event that your vehicle is damaged beyond repair (totaled) or stolen and never recovered. GAP provides protection from possible loss due to a deficiency balance not covered under your car insurance policy. Available at a reasonable cost of $375; premium can be financed into loan balance.

Credit Disability & Life Insurance Credit Disability and Credit Life insurance can help protect your family from the unexpected. Should you become totally and continuously disabled by a covered sickness or accident which persists beyond the policy waiting period (only 14 days), your loan payments are protected with the Credit Disability. In the event of your death, Credit Life insurance pays the insured balance of your loan, up to the policy maximum. Coverage just costs pennies a day; premiums can be added to your monthly payments for your convenience.

FAIR Lending Program

We are pleased to announce that La Loma Federal Credit Union has started the “FAIR Lending Program” to help as many members as possible obtain credit.

We realize that some members may have experienced some difficulty with their credit in the past and as a result, we were unable to grant their loan request forcing these members to pay extraordinarily high rates elsewhere.

Now the loan rate that the member pays will be determined by their credit history. Members with good credit histories will receive our very best rates, some of the best rates offered by any financial institution.

Other members, who may have had credit problems, will be assigned rates consistent with their credit history. These rates will almost always be lower than what they may be offered by other lenders.

These new rates will be offered on all vehicle loans and our signature loans. The rate you pay will be based on the number of years your loan is financed plus your credit history. Rates are set by the Board of Directors and are subject to change. Our Premium Rates will be used in quoting our rates or sample payments.

We encourage all members to try the “FAIR Lending Program.” Our goal is to assist you in achieving your personal financial goals. If you are not sure what rate you are paying on a current loan, ask them first, then call us. Let us help you obtain credit and save money.

This schedule is incorporated as a part of your account agreement with La Loma Federal Credit Union.