Baker's Federal Credit Union has a loan for every purpose and need. In fact, our name says it all:

B - Bill Consolidation
A - Auto
K - Kitchen and Home Improvement
E - Education
R - Recreational Vehicles
S - Second Mortgages

When reviewing a loan application, Baker's evaluates four specific areas.  The four areas are:

1. Length of Employment
2. Member's Debt in Comparison to their Gross Monthly Income
3. Past Credit History
4. The Ability to Offer Collateral

Our loan officers start at a base rate, and adjust the interest rate based on where the applicant falls within each category.  Rate adjustments may be up or down.

Additional Rate and Term Requirements:

• The current base rate for all loan programs is:
  10.5% Annual Percentage Rate (APR).
• Baker's Federal Credit Union will lend up to 110% of the value for new cars.
• The unsecured "signature" limit is $7,500.