Loan Application

(not for First Mortgage Products)

*indicates a required field

Welcome to Library of Congress Federal Credit Union's on-line loan application. You must be a member to apply for a loan. Please complete the loan application below and click the "Submit" button to send your application to the Credit Union for processing. An LCFCU representative will contact you soon with a credit decision and to verify payment schedule and method. At that time, you may need to provide collateral information if applicable to your loan. Please use our Mortgage Loan Inquiry Form for any First Mortgage Product.

Property and Loan Info

Type of Loan Requested:

*Amount Requested:

Please describe, in detail, what the loan funds will be used for:

Please choose the appropriate selection:

If you are applying for an individual loan account in your own name and are relying on your own income or assets as the basis for repayment of the credit requested, complete only Sections A and C.

If you are applying for a joint account or an account that you and another person will use, complete all sections, providing information in Section B regarding the joint applicant.

If you are applying for a Share Secured or Certificate Secured Loan, complete only Name, Address, Phone, Social Security Number and Account Number.

Section A: Member Information

(must be completed)

*Name (First M. Last):

*LCFCU Account #:

*Date of Birth (mm/dd/yyyy):

*Social Security Number or TIN:

*Current Address:

*City

*State

*Zip:

*How Long at this Address:

*Mother's Maiden Name:

*E-mail:

*Home Phone Number:

*Business Phone Number:

*Employer:

*Position:

*Start Date:

*Current Income (monthly):

*Other Income (monthly):

*Source:

(Note: alimony, child support, or separate maintenance income need not be revealed if you choose not to have it considered.)

Section B: Joint Applicant Information

(complete only if you wish joint applicant to be considered)

*Name (First M. Last):

Relationship to Member/Applicant:

Date of Birth (mm/dd/yyyy):

Social Security Number or TIN:

Current Address:

City:

State:

Zip:

How Long at this Address:

E-mail:

Home Phone Number:

Business Phone Number:

Employer:

Position:

Start Date:

Current Income (monthly):

Other Income (monthly):

Source:

(Note: alimony, child support, or separate maintenance income need not be revealed if you choose not to have it considered.)

Section C: Financial Obligations

Do you:

Rent

Own

Lease

Monthly Mortgage Payment:

Have you been declared bankrupt in the last 10 years?

Yes

If yes, date:

Comments:

Do you wish to make your loan payments electronically or via payroll deduction?

Yes

Additional Comments:

Please note: Income verification is required; other information may be required. All loans are subject to current LCFCU underwriting guidelines.

I/we certify that statements on this application are true and complete. I/we authorize any person, association, firm, or corporation to furnish, on request of this Credit Union, information concerning me/us or my/our affairs. (Sec. 1014, Title 13, U.S. Code makes it a Federal Crime to knowingly make a false statement on this application of a Federal Credit Union.)

LCFCU Visa Card Disclosure
Annual Percentage Rate for Purchases:	9.75% APR
Annual Percentage Rate for Cash Advances:	8.75% APR
Annual Percentage Rate for Balance Transfers:	8.75% APR
Paying Interest:	Your due date is at least 25 days after the close of each billing cycle. We will not charge you any interest on purchases if you pay your entire balance by the due date each month. We will begin charging interest on balance transfers and cash advances on the transaction date.
For Credit Card Tips from the Consumer Financial Protection Bureau:	To learn more about factors to consider when applying for or using a credit card, visit the website of the Consumer Financial Protection Bureau at http://www.consumerfinance.gov/learnmore.
Fees
Annual Fees:	NONE
Transaction Fees: Foreign Transaction Fee	Up to 1.00% of each transaction in U.S. dollars
Penalty Fees: Late Payment Fee Returned Payment Fee	Up to $25.00 Up to $25.00

Collection Costs: You agree to pay all costs of collecting the amount you owe under this Agreement, including court costs and reasonable attorney's fees.

Periodic Rates:
The Purchase APR is 9.75% which is a monthly periodic rate of 0.8125%
The Balance Transfer APR is 8.75% which is a monthly periodic rate pf 0.7292%
The Cash Advance APR is 8.75% which is a monthly periodic rate pf 0.7292%

Privacy Policy / Disclosure

IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial information that identifies each person who opens an account. When you open an account, we will ask for your name(s) address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver��s license or other identifying documents.

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