PRIOR TO APPLYING FOR ANY LOAN, YOU MUST BE A CURRENT MEMBER OF THE IEA CREDIT UNION. FOR MORE INFORMATION ABOUT JOINING OUR CREDIT UNION, PLEASE CLICK ON THE LINK ENTITLED JOIN THE CREDIT UNION.
Applying for a loan from the IEA Credit Union is easy.
Complete a Credit Application and Fax or Mail it with a copy of each applicants most recent paystub:
217-241-3375
IEA Credit Union
100 East Edwards Street
Springfield, IL 62704
Effective October 1, 2007 there is a $6.00 loan processing fee for all loans. Please include this fee with your application and verification of income. Otherwise, the processing of your loan application may be delayed.
That is all there is to it. After the application is received, we strive to process the loan within 48 hours. The "Note, Disclosure and Security Agreement" will then be mailed to you for your signature. Please have all signitures notarized.
If you are applying for an auto loan we will need a copy of the buyers order indicating the final negotiated price of the vehicle. If a spouse or child's name will appear on the vehicle title, he or she will have to sign the "Note, Disclosure and Security Agreement" as well.
Obtaining a loan from the IEACU is both convenient and quick.