2017 Groundhog Day Loan Sale Official Rules and Guideline
On February 2, 2017 University & Community Federal Credit Union will have a one day Groundhog Day loan sale. To save time you can get pre-approved starting January 18, 2017 and ending on February 1, 2017. On February 2, 2017 doors will open at 8 a.m. and you can get a secured consumer loan for as low as 1.89% APR** or an unsecured consumer loan for as low as 6.49% APR++. This is on a first come, first serve basis. You have to get here before everyone else to get the best rate. See complete rules below for details.

 

Procedure

  • Come into our Main Location (311 E. McElroy Rd., Stillwater, OK 74075) or apply online between January 18, 2017 and February 1, 2017 to get pre-approved. Approval is not guaranteed.
  • Come into our Main Location (311 E. McElroy Rd., Stillwater, OK 74075) on February 2, 2017 between 8 a.m. and 5 p.m. with your pre-approval letter and amount approved for to secure your rate. This is a first come, first serve basis.
  • Once your rate is secured you may schedule an appointment at a later date with a loan officer in the lobby.
  • No further action is needed until you are ready to close your loan. Loans must be closed by February 28, 2017 to receive the Groundhog Day rate.

Rules

  • To receive a Groundhog Day loan rate, loans must be $5,000.00 or over for secured and $1,000 or over for unsecured.
  • Loans must be new to UCFCU (i.e. New Loan or Refinance from another institution).
  • No current UCFCU loans will be refinanced.
  • No real estate loans.
  • No credit cards.
  • No in-direct loans.
  • Doors will open at 8 a.m.
  • For the first tier of $500,000 in loans the loan rates will be 1.89% APR** for secured and 6.49% APR++ for unsecured. For the second tier of $500,000 in loans the loan rates will be 2.19% APR***for secured and 7.49% APR+++ for unsecured. For the final tier in loans the loan rates will be 2.49% APR**** for secured and 8.49% APR++++ for unsecured.
  • If you don’t qualify, we reserve the right to refuse your loan request.
  • Qualification is based on credit worthiness and amount of loan.
  • This sale only goes towards secured loans 0-72 months and unsecured loans 0-36 months terms.

Out Of Town Member Guidelines

  • If you are a current member that can’t make it to Stillwater on February 2, 2017 you still have a chance to get a great loan rate. All the rules will be the same except for the rate tiers. View tiers below.
  • Between Wednesday, January 18, 2017 and February 1, 2017 you can call in and get pre-approved.
  • We are ONLY allotting $500,000 in loans to out of town members and the loan rates will be 2.49% APR**** for secured and 8.49% APR++++ for unsecured. This is a first come, first serve basis. Once the $500,000 is gone, the special rate will expire.
  • To get pre-approved just contact a loan officer and tell them “I am an out of town member that would like to get pre-approved for the loan sale.”

For any questions, please contact us.
*Loan sale will last from 8 a.m. to  5 p.m. on February 2, 2017 at 311 E. McElroy Rd. Stillwater OK, 74075. Loan must be over $5,000.00 for special rate. No Real Estate Loans. No Credit Cards.
**An auto loan of 20,000 for 72 months at 1.89% APR will have a monthly payment of $294.03. Loan is subject to credit approval. A lien fee will be required. Must be 18 or older to apply.
***An auto loan of 20,000 for 72 months at 2.19% APR will have a monthly payment of $296.68. Loan is subject to credit approval. A lien fee will be required. Must be 18 or older to apply.
****An auto loan of 20,000 for 72 months at 2.49% APR will have a monthly payment of $299.33. Loan is subject to credit approval. A lien fee will be required. Must be 18 or older to apply.
++An unsecured loan of 5,000 for 36 months at 6.49% APR will have a monthly payment of $153.22. Loan is subject to credit approval. A lien fee will be required. Must be 18 or older to apply.
+++An unsecured loan of 5,000 for 36 months at 7.49% APR will have a monthly payment of $155.51. Loan is subject to credit approval. A lien fee will be required. Must be 18 or older to apply.
++++An unsecured loan of 5,000 for 36 months at 8.49% APR will have a monthly payment of $157.81. Loan is subject to credit approval. A lien fee will be required. Must be 18 or older to apply.
This loan sale only goes towards secured loans 0-72 months and unsecured 0-36 months terms.