Tin Mill Employees FCU - Application Page

Please complete and submit the following form to:

Apply for a Loan
Apply for a VISA card or
Apply for a Mortgage

We will be happy to contact you regarding your request. Include a daytime phone number or e-mail address where you can be contacted.

Married applicants may apply for a separate account. If you are applying for Individual Credit, you must complete the Applicant section about yourself and the Co-Applicant section about your spouse if:

You live in or the property pledged as collateral is located in a community property state (AZ, CA, ID, LA, NM, NV, TX, WA, WI),
Your spouse will use the account, or
You are relying on your spouse's income as a basis for repayment.

If you are relying on income from alimony, child support or separate maintenance, complete the Co-Applicant section to the extent possible about the person on whose payments you are relying.

If you are applying for Joint Credit with another person, complete the Applicant and Co-Applicant sections. If you are a Wisconsin resident and are applying for Joint Credit with someone other than your spouse, each of you should complete the Applicant section of separate applications. If either or both of you are married, you must also provide information about your spouse and complete the Signature area at the end of this application.

PAYMENT PROTECTION COVERAGE Check if desired

Find out more about Payment Protection Insurance.

Check coverage (s) desired. We will disclose the cost of this Payment Protection Insurance – Single Credit Disability, Single Credit Life, or Joint Credit Life – to you. A separate enrollment form which discloses the terms and conditions must be signed for coverage to become effective.

Yes No

Do you want your payments protected for you and your family if you or your co-borrower become disabled?

Yes No

Do you want your loan protected for you and your family in the event of your death or that of your co-borrower?

Loan Type: Term:

Account Number
Amount Requested
This application initiates the loan process. Final signature (s) will be required to advance funds.
PLEASE TELL US ABOUT YOURSELF (PRIMARY BORROWER)
Full Name
Home Address
Years There
Home Phone
Daytime Phone
E-mail Address
Driver's License State
Driver's License Number
Social Security Number
Please indicate your marital status if you are applying for Joint Credit, secured credit or if you live in a community property state:		Married Separated Unmarried (Single - Divorced - Widowed)
Birth Date
PLEASE TELL US ABOUT YOUR JOB (PRIMARY BORROWER)
Current Employer
Years There
Phone Number
Position
Gross Monthly Income
Other Income: (Notice: Alimony, child support or separate maintenance income need not be revealed if you do not have it considered as a basis for repaying this obligation.)
Source
The following information pertains to CO-BORROWER. If there is not a CO-BORROWER, click here to continue.
PLEASE TELL US ABOUT YOURSELF (CO-BORROWER)
Full Name
Home Address
Years There
Home Phone
Driver's License State
Driver's License Number
Social Security Number
Please indicate your marital status if you are applying for Joint Credit, secured credit or if you live in a community property state:		Married Separated Unmarried (Single - Divorced - Widowed)
Birth Date
PLEASE TELL US ABOUT YOUR JOB (CO-BORROWER)
Current Employer
Years There
Phone Number
Position
Gross Monthly Income
Other Income: (Notice: Alimony, child support or separate maintenance income need not be revealed if you do not have it considered as a basis for repaying this obligation.)
Source
Are you a Co-Borrower on any other loans?		Yes No
If Yes Please Explain:
PLEASE LIST NEAREST RELATIVE NOT LIVING WITH YOU
Full Name
Home Address
Phone Number
IF APPLYING FOR A PERSONAL UNSECURED LOAN SUCH AS VACATION OR OTHER - PLEASE SELECT A FORM OF COLLATERAL
Collateral:
CURRENT CREDIT OBLIGATIONS
OWED TO:	Name of Creditor	Current Balance	Monthly Payment	Estimated value
Mortgage Rent
AUTO:
AUTO:
Credit Card:
Credit Card:
Home Equity/Overdraft:
Other:
Other:
$ Amount you pay in alimony or child support
Are you a Co-signer/Guarantor on any loans?		Yes No
For Whom:		Where:	Monthly Payment:

NOTICE TO WISCONSIN RESIDENTS: No provision of any marital property agreement, unilateral statement under S.766.59, or court decree under S.766.70 will adversely affect the rights of the credit union unless the credit union is furnished a copy of the agreement, statement or decree, or has actual knowledge of its terms, before the credit is granted or the account is opened.

If you are applying for this account or loan with someone other than your spouse, you agree by signing below that the credit applied for, if granted, will be incurred in the interest of the marriage or family.

____________________
Borrower Signature and Date

Click the Submit Application button to send the application to us via the WWW. Use an additional E-mail if you need to give us any further information. Please put your full name in the email.

DISCLOSURE INFORMATION

NOTICE TO INQUIRERS AND LOAN APPLICANTS You have a right to submit a written application for a mortgage loan or a home improvement loan or to request written information concerning typical loan terms that we are currently offering on mortgage loans and home improvement loans. It is illegal to establish a minimum mortgage amount of more than $10,000.00 or a minimum home improvement loan of more than $1,000.00. It is illegal to deny a loan or vary the terms and conditions of a loan because of the racial or ethnic trends or characteristics of the neighborhood or the age of the structure, but not because of its physical condition. If your application for a loan is rejected, you have a right to a written statement of the reason for the rejection. If you are granted a loan but the amount required for a down payment, the interest rate, term to maturity, application procedure, or other terms or conditions of the loan vary from terms or conditions offered in other neighborhoods, you have a right to a written statement of the reasons for the variation. ANTI - REDLINING BROCHURE RELATIVE TO MORTGAGE LOANS & HOME IMPROVEMENT LOANS Tin Mill Employees Federal Credit Union wants you to know that with respect to mortgages and home improvement loans, the following policies are utilized: Any person has the right to make a loan inquiry; Any person has the right to file a written loan application for a mortgage loan or home improvement, providing he/she is a member of this credit union. To be eligible to join this credit union, you must be employed at one of the companies we service or be related to a member of this credit union; Any person has the right to receive a written response to an inquiry or application HOME EQUITY LOANS (Open End) (Line of Credit) Terms 10 Year Limits Minimum $10,000 - Maximum $50,000 LOAN - TO - VALUE RATIOS Home Equity - 80% of the S.E.V. less any outstanding balance owed on the First Mortgage. These ratios are subject to change as market conditions change. SECURITY The Credit Union will only use the principle residence of the borrower as collateral. Further, the resident must be a 1-4 family home and must be occupied by the borrower. Only 1st and 2nd liens will be considered. Home Improvement Loans may be granted on an unsecured basis or with various types of collateral, acceptable to the Credit Union. SPECIAL CIRCUMSTANCES The maximum amount of outstanding real estate loans shall not exceed 50% of total credit union assets. CREDIT UNION RULES All real estate loan applications shall be referred to the Credit Union's Board of Directors for consideration. Home improvement loans may be approved by a loan officer, if the amount requested falls within the loan officer's lending limits and authority. The Credit Union's loan committee will review home improvement loans that are beyond a loan officer's lending authority and limit. A bona fide cost estimate and plans for home improvements are helpful at the time of application. TITLE The seller should have a clear title to the property being sold. There will be problems completing any transactions in which liens, assessments or judgements exist. ESTABLISHING CREDITWORTHINESS It is the Credit Union's policy to consider the creditworthiness of an applicant. The general factors used for establishing creditworthiness include: The applicant's income must be sufficient to repay the loan according to its term; Debt ratio: All monthly payments including the loan being considered, divided by gross income equals the debt ratio; The applicant's past credit history with this credit union and other credit grantors must be satisfactory; The applicant's job history and time lived at current address must illustrate stability; Either the applicant's signature or sufficient collateral to cover the loan; The applicant's established credit rating. MARKET VALUE Market value is the most probable price property should bring in a competitive and open market under all conditions for a fair sale, assuming the price is not affected by undue stimulus. The Credit Union will consider the market value of proposed security when evaluating loan applicant's request. APPRAISAL A written certified appraisal is required on all 1st or 2nd mortgages. The objective of an appraisal is to determine if the collateral is of sufficient value to cover the requested loan. VERIFICATION OF FUNDS The credit union reserves the right to verify funds, which are indicated to be used for the down payment, and closing costs, if applicable. ANCILLARY COLLATERAL Ancillary collateral, if considered, will be evaluated for: current market value; blue book value PROPERTY IN FLOOD PLAIN Loans secured by property in a flood plain area must meet the following requirements: (Includes Mobile Homes) The community must be participating in an approved flood program; Insurance must be obtained in the amount equal to the loan balance or the maximum amount available; A copy of the insurance policy must be submitted to the credit union on or before closing. CO-SIGNER / GUARANTORS The following guidelines will be used when evaluating a co-signer or guarantor on a loan: Past and present credit history; employment record; length of residence; debt ratio. A co-signer or guarantor need not be a member of a credit union. ADDITIONAL CRITERIA A Homeowners Insurance Policy, naming the credit union as loss payee is required on all real estate loans. The amount of insurance must be sufficient to pay the mortgage balance off and cover the value of the home. A Title Commitment will be performed on all estate loans prior to closing. A Title Insurance Policy must also be obtained.

PRIVACY STATEMENT:
It is the policy of Tin Mill Employees Federal Credit Union that all personal information supplied to the credit union by our members via the Internet will remain completely confidential. The credit union will use personal information only as required to transact credit union related business between Tin Mill Employees Federal Credit Union and our members. Tin Mill Employees Federal Credit Union will not sell or otherwise distribute Internet acquired personal information, including name, address or e-mail address, to outside merchants or mailing lists.

SIGNATURES: You promise that everything you have stated in this request is correct to the best of your knowledge. If there are any important changes, you will notify us in writing immediately. You also agree to notify us of any change in your name, address or employment within a reasonable time thereafter. You authorize the credit union to obtain credit reports in connection with this request. If you request, the credit union will tell you the name and address of any credit bureau from which it received a credit report on you. You understand that it is a federal crime to willfully and deliberately provide incomplete or incorrect information on requests made to Federal Credit Unions or State Chartered Credit Unions insured by the NCUA. You understand that the credit union will rely on the information in the request and your credit report to make its decision.

By submitting this loan request, you agree that the information is correct to the best of your knowledge and agree to all the terms defined in the credit union's disclosure information. You also agree to notify us of any changes to your name, address or employment.

X________________________________
Applicant Signature and Date

X________________________________
Co-Applicant Signature and Date

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