ALEC Federal Credit Union
10725 Airline Highway
Baton Rouge, LA 70816

Products and Services



ALEC FEDERAL CREDIT UNION
would like to help you with your financial needs.
We offer low interest loan rates with great terms
and an easy loan process. 


SECURED LOANS

NEW CAR LOANS:  We offer financing on new vehicles up to 100% of the selling price, not including tax, title and license fees, less any discounts or rebates allowed. 
A new car is defined as the current year model and currently held in the original dealer's name.

USED CAR LOANS:  The credit union will accept applications to finance up to 100% of the N.A.D.A. "average retail" price of a used vehicle not including tax, title and license fees, up to seven years old.  Repayment will be based on the age of the vehicle:

YEAR MODEL TERMS
6 months to 2 years old 60 months
3 years to 4 years old 48 months
5 years to 6 years old 36 months
7 years 24 months

        No car over 7 years old will be financed by the A.L.E.C. Federal Credit Union.

OTHER FINANCING AVAILABLE:  We offer financing up to 100% of the actual cost of the following:  New campers, farm and lawn equipment, boats, motors, trailers, and recreational vehicles (new or used if purchased from dealer) The term is the same as new auto.  

MOTORCYCLES (NEW ONLY):  The credit union will finance up to 90% of the purchase price.                                            

 

SHARE SECURED LOANS:

    By using your credit union shares as security, you can continue to save with interest by making a share secured loan.  Share Secured Loans will be figured at 2% over the rate being paid for dividends.  The term for Share Secured Loans will not exceed 10 years.

 

SIGNATURE LOANS:

    ALEC Federal Credit Union has a personal loan for anything you can think of.  Secure your loan with just a signature.  The loan limit on signature loans is $12,000.00. Terms of repayment are as follows:

LOAN MAXIMUM TERMS
UP TO     3,999.00 24 months
4,000.00           - 5,999.00 36 months
6,000.00           - 12,000.00  48 months

 

LOAN APPLICATION


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