Loans for everything else in life

In order to make a principal reduction only payment, your loan must not have any interest and/or fees due.

1. Log in to Online or Mobile Banking
2. Select 'Transfers and Payments' in Online Banking, or 'Transfer' in Mobile Banking
3. Select the account where the money is coming from, select the loan you would like to make a payment for, then select 'Other amount'

When choosing “Other amount”  it can work 3 ways:

1. If your regular payment is due, it will take the regular payment (principal + interest+ fees) and the remaining amount will go to principal.
2. If your regular payment was made on the same day you want to make an additional reduction in you loan principal, the entire amount in excess of your payment that was due  will go to principal.
3. If your regular payment was made more than a day ago, it will take the number of days following your payment in interest, then the remaining amount will go to principal. Ex. If regular payment was made a 2 days ago, it will take 2 days of interest, and the remaining amount will go to principal.

Please note that this does not apply to RE loans, HELOC loans, and Visa loans. For those type of loans, please give us a call.

When LBS Financial obtains your credit score during the pre-approval process, the Credit Union will determine your loan rate based on your past financial history and credit. Take note that the Credit Union must obtain your credit report personally; they will not accept copies of credit reports from third parties.

In your time of need, our claims process is quick and easy. If you elected payment protection on your loan, you can use this convenient claims process to quickly and easily file your claim.

To begin, please fill out a claim form. If you prefer, call 800.621.6323 to begin the process and a TruStage Claims Specialist will guide you through the process.

TruStage™ is the marketing name for TruStage Financial Group, Inc. its subsidiaries and affiliates. Insurance products are issued by CMFG Life Insurance Company, MEMBERS Life Insurance Company, CUMIS Insurance Society Inc., CUMIS Specialty Insurance Society Inc., American Memorial Life Insurance Company, and Union Security Insurance Company. Payment protection products include debt protection products available through your credit union that are administered by CUNA Mutual Insurance Agency, Inc. and credit life and credit disability insurance products underwritten by CMFG Life Insurance Company.

Share Secured Loan funds can be secured from one or more accounts and can be repaid in one lump sum in one year from borrowing (up to 90% of unencumbered shares) or you may make monthly payments for up to a 5 year* repayment period (up to 90% of unencumbered shares). For Share Certificate Loans, the term of the loan is determined by the maturity date of the certificate—the loan comes due at the same time the certificate matures.

*A Share loan at 3.15% APR for 60 months will have a monthly payment of $18.01 per $1,000 borrowed  or a $54.04 monthly payment based on an amount financed of $3,000.

Signature Loans have a maximum repayment period of 5 years*.

Depending on your credit and other factors, you can borrow up to $40,000.

You can borrow up to 90% of the value of your savings account or share certificate. For example, let's say you have a savings account with us with $5,000. Then, your maximum loan would be $4,500.