Emergency Responders Credit Union was chartered on April 1, 1940, to create a credit union for firefighters. The needs of its sixty-three charter members were simple. Members deposited money in a savings account so that other members could borrow money. Depositors earned excellent dividends and borrowers paid low interest rates.
Since those early days, our membership and the services offered have grown. Emergency Responders Credit Union (ERCU) has continued our long history of serving members in the Winston-Salem community and beyond. Since our establishment as the Winston-Salem Firefighters Credit Union in the 1940’s, ERCU has consistently worked to meet the financial services needs of our members and their families.
As the community of first responders is tight-knit, so is the membership and staff of ERCU. With friendly staff and an inviting office, ERCU provides a physical environment different from a bank (and even large credit unions), not to mention the sense of relationship developed between members and our staff.
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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NMLS 1795154