Loan Options

Insurance

For your added protection, credit disability and life insurance are available on most loans for a minimal cost.



Summer Skip Loan Payments

Members may elect to skip loan payments during the months of July and August. During that period, interest continues to accrue. Summer skip payment must be designated when the loan is originated and cannot be added at a later time.


Prepayment of Loans

There is no penalty to make early payments on principal and/or interest payments on any loans.


Auto Loans


New Auto Loans

With GIEFCU, you can take advantage of our rates and terms to finance your next vehicle.

  • Offering 100% financing
  • Approval process is easy and in most cases the funds are available in 1-2 days
  • Payroll deduction or monthly bills
  • Terms up to 72 months; 84 months if the value is over $40,000 

Used Auto Loans

With GIEFCU, you can take advantage of our rates and terms to finance your used vehicle (up to 10 years old).

  • Offering 100% financing of the car's value
  • Approval process is easy and in most cases the funds are available in 1-2 days
  • Payroll deduction or monthly bills
  • Terms up to 60 months; 72 months if the value is over $15,000

Recreational Vehicle Loans


New Recreational Vehicle Loans: Campers, Motorcycles, ATVs, Snowmobiles and Dirt Bikes

  • Offering 100% financing of the dealer invoice
  • Approval process is easy and in most cases the funds are available in 1-2 days
  • Payroll deduction or monthly bills
  • Terms up to 84 months for boats or campers
  • Terms up to 60 months for other recreational vehicles

Used Recreational Vehicle Loans: Campers, Motorcycles, ATVs, Snowmobiles and Dirt Bikes

With GIEFCU, you can take advantage of our rates and terms to finance your used vehicle (must be new enough to be listed in the NADA (National Automobile Dealers Association) guide).

  • Offering 100% financing of the NADA value
  • Approval process is easy and in most cases the funds are available in 1-2 days
  • Payroll deduction or monthly bills
  • Terms up to 84 months for boats or campers
  • Terms up to 60 months for other recreational vehicles

Personal Loans

With GIEFCU, you can consolidate your high-rate interest loans or credit cards into one manageable monthly payment, paying one low rate and saving money.

Have other projects you need to finance? A snowblower? New kitchen? If you imagine it, we may be able to help you fund it. Our quick, no-collateral personal loans can make your dream a reality.

  • Approval process is easy and in most cases the funds are available in 1-2 days
  • No collateral required
  • Payroll deduction or monthly bills
  • Loan amounts up to $20,000
  • Terms up to 72 months

Education Loans

An Education loan is granted on the borrower’s signature for the purpose of re-financing current student loan debt.

  • No collateral required if credit approved
  • Payroll deduction or monthly bills
  • Loan proceeds will be paid to the lending institution(s)
  • Loan amounts up to $30,000
  • Terms up to 96 months

Share Secured Loans

A Share Secured loan is secured by the shares/certificates that are on deposit at the Credit Union.

  • No approval necessary
  • Collateral - shares/certificates on deposit at the Credit Union
  • Payroll deduction or monthly bills
  • Loan Amounts up to the value of the deposits at the Credit Union
  • Terms up to 60 months under $15,000
  • Terms up to 144 months over $15,000

Line of Credit

A Line of Credit may be established up to $3,000. The revolving line of credit is replenished as payments are made.

  • Minimum payment of $4 per $100 borrowed or $25 minimum
  • Payroll deduction or monthly bills


Griffith Institute Employees Federal Credit Union

  Contact Us

64 East Main Street
Suite 3
Springville, NY 14141

Phone: 716-592-9887



  Our Hours

Tuesday:12 pm to 4:30 pm
Wednesday:12 pm to 4:30 pm
Friday:12 pm to 4:00 pm

Email: creditunion@springvillefcu.org