Loan Accounts

Grand Trunk (BC) Employees Federal Credit Union’s main goal is to take care of all of your financial needs, we will do everything we can to get you the best deal! Our list of current rates can be found on the Loan Rates page. Call during regular business hours to get your application started right over the phone at 269-965-7515 or 800-524-2402. Be sure to ask about Credit Disability and Credit Life Insurance on your loan(s)!

Debt Protection Your safeguard against the unexpected.


New/Used Autos
We work hard to ensure you are getting the best deal when it comes to purchasing a new or used vehicle. With comparative shopping we can beat most deals! Just have your dealer fax a sales agreement to the loan department at 269-965-6558 and let us see how we can make your deal better.

Guaranteed Asset Protection (GAP) PLUS
GAP PLUS may reduce or eliminate the gap between what your vehicle insurance will pay and what you owe on your loan if your vehicle is deemed a total loss. While auto insurance covers the replacement value of the vehicle, members are still liable for the difference between the insurance settlement and their remaining loan balance- which could amount to thousands of dollars. With vehicle depreciation, loan terms extending, and the cost of repairs raising, chances that a “gap” will occur, between the remaining loan balance and insurance settlement, is greater than ever. Talk to the loan department at 269-965-6558 about GAP PLUS next time you apply for an auto loan.

Find out more about GAP Plus exclusively for credit union members. Will you owe more on your vehicle than it's worth?

Signature Loan
A signature loan can be used for multiple purposes such as car repairs, vacation, wedding expenses, debt consolidation, and more. We offer competitive rates on loan amounts up to $7,500.00 for qualified members.

Shares Tied
Shares tied is a secure loan that allows you to apply for a signature loan or Visa credit card and borrow up to the amount you tie to your share account. For example: Securing $500.00 into your shares account to apply for a $500.00 line of credit Visa credit card, or you may secure $2,500.00 to your share account to apply for a $2,500.00 signature loan. The secured funds will draw dividends for the duration of the loan while it remains tied to the share account.

Revolving Credit
Revolving Credit is an open-ended line of credit of available funds to use for miscellaneous purposes such as family vacations, wedding expenses, unexpected home and auto repairs, or anything that fits your needs and your credit limit at a 14% APR.

Line-of-Credit (Overdraft Protection)
We offer a line of credit to qualifying members to protect your share draft account.  Upon approval you will have a $500.00 line available to protect your share draft account and any unexpected emergencies. Minimum affordable monthly payment of $25.00 at a 15% APR.

Looking for a home? We can help! Your credit union partners with Member First Mortgage…a mortgage company that believes in you! Visit our Mortgage page to learn more!

Choose a Visa Platinum credit card! Visit our Visa page to learn more!

Home Equity Line of Credit
Our home equity loans are set up as a line of credit loan. This loan has a 5-year draw period, meaning you can add funds onto the loan as it is paid down. At the end of the draw period it becomes a closed-end loan with a 10-year repayment period. During the loan application we can use up to 80% of the value of your home, less any existing mortgage balance.

Our annual percentage rate for our home equity loans is based off of the Prime Interest Rate.  It is a variable rate loan and any rate adjustments are made quarterly.  Properties must be located in Michigan.

Mobile Homes
Our mobile home loans require a sales agreement from a dealer, or if from an individual we may request a visual inspection and copy of the title. We require a down payment of 10% for new or newer mobile homes (up to 6 years old) and 20% for used mobile homes (over 6 years old). We will also need park approval for occupancy before loan can be disbursed. Mobile home loans are not currently available for private property purchases.

Give us a call with any questions that you may have regarding any of our loans.