Alpena Alcona Area Credit Union as a financial institution, as a leader in our community and as an employer. As an employer, AAACU values its staff and provides competitive wages and benefits to both full and part-time employees. As a leader in the community, we focus on reinvestment, charitable contributions and “people helping people.” We organize fundraisers, charity events and donate time and money to make a difference in the lives of those around us. As a not for profit cooperative, we are strong, sound and member focused. We are based on trust and committed to safeguarding our members’ assets. We put people before money and have a strong belief in service above self. We are Alpena Alcona Area Credit Union and everything we do we do for you… the employees, the members and the communities we serve.
When it comes to securing financial assistance, Alpena Alcona Area Credit Union (AAACU) stands out as a trusted institution offering a variety of lending options to cater to diverse needs. In this article, we'll explore the top 10 lending options provided by AAACU, each tailored to meet specific financial goals. Whether you're looking to buy a home, finance a vehicle, or consolidate debt, AAACU has a solution for you.
1. Home Mortgages
AAACU offers competitive mortgage options for both first-time homebuyers and seasoned homeowners. With a variety of fixed and adjustable-rate mortgages, borrowers can find the perfect fit for their financial situation. The credit union provides guidance throughout the process, ensuring a seamless home buying experience.
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2. Auto Loans
Purchasing a new or used vehicle is made easy with AAACU's auto loans. The credit union offers financing with flexible terms and low interest rates, making it simple to drive away in your dream car.
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3. Personal Loans
For those unexpected expenses or planned purchases, AAACU provides personal loans that are both versatile and affordable. These loans can be used for a variety of purposes, from medical bills to vacation expenses.
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4. Home Equity Loans
Tap into the equity of your home with Alpena Alcona Area Credit Union home equity loans. These loans offer a great way to finance home improvements, consolidate debt, or cover other major expenses.
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AAACU’s HELOCs provide a revolving credit line secured by your home’s equity. This option is ideal for ongoing expenses or projects where costs might vary over time.
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6. Recreational Vehicle Loans
Adventure awaits with AAACU’s recreational vehicle loans. Whether you’re looking to purchase an RV, boat, or motorcycle, AAACU can help make it happen with excellent financing options.
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7. Student Loans
AAACU partners with educational lenders to offer student loans that help make higher education more affordable. These loans can cover tuition, books, and other education-related expenses.
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Designed for members looking to build or repair their credit score, AAACU’s credit builder loans are a smart choice. By making regular payments, members can improve their creditworthiness over time.
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AAACU supports local businesses with a range of business loan options. Whether you’re starting a new venture or expanding an existing one, the credit union offers financing solutions to meet your needs.
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10. Debt Consolidation Loans
Simplify your finances by consolidating multiple debts into one manageable payment with AAACU’s debt consolidation loans. This option can help reduce stress and potentially lower your interest rates.
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AAACU is committed to providing exceptional service and personalized financial solutions. As a member-owned institution, AAACU focuses on community-oriented values, ensuring every member receives the attention and support they deserve. With a wide range of lending options and a dedication to competitive rates and flexible terms, AAACU is a top choice for all your lending needs.
How to Apply
Applying for a loan with AAACU is straightforward. Members can apply online through the AAACU website or visit a local branch to speak with a loan officer. The application process is designed to be quick and hassle-free, with support available every step of the way.
Conclusion
Alpena Alcona Area Credit Union offers a comprehensive suite of lending products to fit every financial need. From personal loans to business financing, their options are designed to empower members and support their financial journeys. Explore the possibilities with AAACU and discover how they can help you achieve your financial goals today.
Changes to the Property Value could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
You can change the property value by moving the Property Value slider up or down or by entering a new Property Value manually in the Property Value box.
When you change the Property Value, only the LTV will change, and the Loan Amount will remain the same Loan Amount.
Other advanced sliders’ options are available with Lendersa® Advanced Calculator
CloseChanges to the loan amount, even so slightly, could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
The Loan Amount Slider
Change the Loan Amount by moving the Loan Amount slider. (The LTV will change, and the Property Value will remain unchanged).
The LTV Slider
Change the Loan Amount by moving the LTV slider. (The Property Value will remain unchanged).
Other advanced options are available with Lendersa® Advanced Calculator
CloseLTV is the abbreviation of Loan To Value, and it is the ratio between the Loan Amount and the Property Value. The formula to calculate LTV is Loan Amount divided by the property value. 
Example: Loan Amount $300,000, Property value $400,000 
Changes to the LTV, even so slightly, could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
The Loan Amount Slider
Change the Loan Amount by moving the Loan Amount slider. (The LTV will change, and the Property Value will remain unchanged).
The LTV Slider
Change the Loan Amount by moving the LTV slider. (The Property Value will remain unchanged).
Other advanced options are available with Lendersa® Advanced Calculator
Close
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