New Horizons Credit Union offers a wide array of loan products at affordable rates and terms for every phase of our member's lives and offer "solutions for the real world." Any member, in good standing, may apply for a loan. Minors applying for a loan must have an adult guarantor co-signer. We offer an Online Loan Application to make applying for a loan - quick, easy and hassle-free. All rates and terms are based on an evaluation of applicant's credit and may vary. All loans are subject to credit approval.
Our Credit Union has a loan to fit most any need with:
* Flexible Terms
* Credit Life & Credit Disability Insurance
* Extended Warranty & Gap Coverage
* No hidden charges or pre-payment penalties
* Interest calculated on unpaid balance daily
BELOW IS A LIST OF OUR CONSUMER AND UNSECURED LOANS, RATES & TERMS.
New & Used Auto Rates - No Payment for 90 days option.
Up to 100% financing with approved credit up to MSRP for New Autos and up to 100% NADA Retail on Used Autos. Other conditions and restrictions may apply. Terms and rates are based on an evaluation of applicant's credit and may vary. All loans are subject to credit approval. Other rates and terms are available for new and used auto loans.
Rate As Low As
up to 48 Months
**(Conditions & Restrictions
up to 24 Months
(Other terms available)
(Other Rates Available)
*Qualifying members may elect to have "No Payment for 90 Days" with new or used auto loans. Existing NHCU auto loans do not qualify for this offer or rate. All loans subject to credit approval. Credit Union reserves the right to terminate offer at any time. All rates subject to change. At 1.99% APR* a loan amount of $20,000 and a term of 48 months, the monthly payment would be $433.82. Offer includes new and used cars/trucks. With the no payment for 90 days, interest will accrue from the date of contract. Call toll free 1-800-824-3610 for details on the limited time, no payment for 90 day option. APR - Annual Percentage Rate.
This program is designed to provide qualified members, wishing to establish or re-establish credit, with the opportunity to borrow at an affordable interest rate to purchase a vehicle. A New Horizons Credit Union Checking Account is required for this auto loan type. Maximum loan amount is up to $25,000 for a maximum term of 78 months. This promotion is ideal for members with no or limited credit or want to start over. For details on the Start Me Up Promotion, contact the Credit Union at (800) 824-3610. This program is subject to change. Please contact the Credit Union directly for most current information. Rates and terms based on an evaluation of applicant's credit and may vary. All loans subject to credit approval.
Up to 100% financing with approved credit and up to 100% of Purchase Price for New and up to 100% of NADA Retail on Used. Rates and terms based on an evaluation of applicant's credit and may vary. All loans subject to credit approval. Other rates and terms are available on motorcycles and ATVs.
This loan type can be used for a variety of purposes such as debt consolidation, emergency funds, college tuition, building credit, vacation and holiday needs, and more! Rates and terms based on an evaluation of applicant's credit and may vary. All loans subject to credit approval. Other rates and terms are available and may vary depending on amount financed.
This loan type can be used for a variety of household needs such as garden equipment, computers, printers, furniture, televisions, appliances, and more. The maximum loan amount is $3,000.00 and the maximum term is 36 months. All loans subject to credit approval. Other conditions and restrictions may apply.
No Annual Fee & No Balance Transfer Fee, plus earn CU Reward points on qualifying purchases. We also offer a New Wave Youth Visa Classic Card to help our members 18-22 years of age gain experience and establish credit with lower credit limit. Visit our Visa Credit Card page for further details. ^
New Horizons Credit Union's Credit Rebuilder Program is designed to help our members rebuild and re-establish a favorable credit score. If you have filed Chapter 7 or Chapter 13 and received a discharge within the last 30 months, we can help you start repairing your credit! Contact the Credit Union directly, call 1-800-824-3610, or visit any branch to get started.
This program allows you to use your own funds to secure a loan. These are loans with a Share (savings) or Certificate Account used as collateral. Interest rate is as low as 4.00% Annual Percentage Rate above the posted Dividend Rate earned on the Shares or Certificate Account. This program offers a great way to establish and build credit history. Call 1-800- 824-3610 or visit the Credit Union directly to apply for this loan type.
Government Shutdown Assistance Loan
In an effort to offer a possible financial solution to help members who have been impacted by the recent Federal Government Shutdown, we have developed an emergency product with special terms listed below.
2.99% APR* for up to 48 Months and members may opt to defer their first loan payment for up to 90 days.
Loan Amount not to exceed $5,000 - or net monthly pay.
Members with an existing NHCU loan affected by the shutdown may be able to defer payment(s) on their NCHU loan during the shutdown period with special circumstance Skip-a-Pay option, excluding Credit Card and Mortgage loans. You must be current in order to qualify for the deferment.
To qualify for assistance, member must be in good-standing with the Credit Union and have current Direct Deposit coming to the Credit Union. Proof of furlough is required, and loans will be subject to credit approval. Other conditions and restrictions may apply. Contact the Credit Union direct for full details at 1-800-824-3610.
For Loan Disputes & Inquiries, please write to:
New Horizons Credit Union - Disputes & Inquiries
P.O. Box 1785, Mobile, AL 36633
or Call Toll-Free at 1-800-824-3610 for assistance.
*APR = Annual Percentage Rate. NMLS# 401405. Rates and terms are based on an evaluation of applicant's credit and may vary. Other conditions and restrictions may apply. All loans subject to credit approval. Other rates and terms available based on credit history, equity in home, and length of loan. All rates are subject to change. Credit Union reserves the right to terminate any loan rate or special offer at any time. Contact a New Horizons Personal Financial Specialist for details. For comparison purposes, a 2019 model year auto for $20,000 at a term of 48 months and at a 1.99% APR* would have 48 recurring payments of $433.82; and a 2019 model year boat for $10,000 at a term of 66 months and at a 2.89% APR* would have 66 recurring payments of $164.06. ^ Click here for more information about disclosures to review Credit Card Schumer box disclosure. New Horizons Credit Union is an Equal Housing Lender. Contact the Credit Union directly for the most current rates and terms at 1-800-824-3610.