Loan Products

Whether you are in the market to purchase a new car, new home, go on vacation, refinance an existing loan at a better rate or open a new business, we can help! We offer a wide variety of loans, including auto, personal, secured, mortgage and business loans. Each loan offers different benefits and advantages. Details of each type of loan are as follows:

 Vehicle Loans

At Land of Lincoln Credit Union, we know that buying a car isn’t always an easy experience. With that in mind, once you’ve decided on that perfect vehicle, financing shouldn’t hold you up. That’s why we’re dedicated to getting you in your new car as fast as possible. Here are the benefits of getting your next vehicle loan with us:

  • Fast Answers. We’ll get you in and out and into your new vehicle as quickly as possible.
  • No Payments for up to 90 Days. When you get a vehicle loan from LLCU, you have the option to hold off your first payment for up to 90 days from your purchase.
  • Loan and Payment Protection Products. Our loan staff is knowledgeable about a variety of payment protection products to fit your needs. You’ll have a number of affordable options including GAP (Guaranteed Asset Protection Insurance), credit life, credit disability, unemployment protection and mechanical repair insurances.

Other things to keep in mind when financing your vehicle with Land of Lincoln Credit Union:

  • Get Pre-Approved. Shop with the power of cash when you step onto the lot. We can get you pre-approved so when you’re ready to buy, you can.
  • Refinance a Current Vehicle. Did you know you can refinance a vehicle just like your house? Many times we’ll be able to save you hundreds, if not thousands, of dollars off your current loan.
  • It’s Not Just Cars. We finance a variety of vehicles that go beyond cars and trucks. Whether you’re interested in a motorcycle, boat or an RV, we have a loan that will fit your needs.
  • NADA Used Car Values. Call us, and we’ll let you know what that used car you’ve got your eye on is really worth.

 Personal Loans

Our personal loans help cover the costs of the things you need for the way you want to live. It’s simple to apply and you’ll be given a decision in minutes. Our personal loans are flexible, easy and a useful tool in your financial arsenal. You can use them for anything that you want or need. The benefits include:

  • They’re Less Expensive. Our loan rates are sometimes lower than your credit card or payday loan interest rates.
  • You’re Pre-Approved. You will have the money you need before you make the purchase.
  • Flexible Loan Amounts. You can borrow as little as $500.
  • Simple Loan Terms. With a monthly payment, you’ll focus on paying off the loan.
  • Fixed Interest Rate, No Application Fee or Prepayment Penalty. Don’t worry about adjustable rates or being penalized for paying off the loan early.


Land of Lincoln Credit Union offers Visa® Credit & Debit Cards. Visa offers cards that are safe and convenient with rates that stand the test of time. LLCU has one great VISA® with two great choices:

VISA® Platinum Rate Card

If you use your card on a regular basis, and keep an ongoing balance, then our card with a great rate may be perfect for you.

  • Rates as low as 9.25% APR
  • No annual fee
  • No cash advance fee
  • 25-day grace period on purchases

VISA® Platinum Points Card:

If you use your card on a regular basis, but don’t keep a balance, then our points card may be perfect for you.

  • Earn and redeem uChoose Reward® points
  • Rates as low as 11.9%APR
  • No annual fee
  • No cash advance fee
  • 25-day grace period on purchases

How do uChoose Rewards® points work?

Visit to register your card, check points, or redeem points. Even better you can use the uChoose Rewards® Mobile App!

  • Products, travel experiences, activities, event tickets, cash, gift cards, or more - get it all with your points!

  • You’ll earn 1 point for every $1 you spend with your Visa® points credit card.

  • You can earn points everywhere Visa® credit card is accepted. Participating retailers offer additional points for purchases made at their stores or online, a list of these retailers can be found at

  • It can take up to 40 days for your points to be credited to your account.

  • You must first accumulate 1,500 points before you can redeem them.

  • A wish list tracker is also available to notify you when you’ve earned enough points to redeem a specific item.


For General Credit Card Inquires (Activation, Lost/Stolen, Disputes, Payments, Pin Changes) call 1-855-320-5355

For Debit Card Activation or Pin Changes, call 1-800-992-3808

To report a lost or stolen debit card, call 1-800-472-3272

 Secured Loans

Need a loan fast? Then think about applying for a share secured loan. The share secured loan offers the following benefits:

  • Fast and easy to apply for.
  • Carries one of our lowest interest rates.
  • Simply 'pledge' a portion of your LLCU share account that is equal to the amount to be borrowed.
  • An amount equal to the unpaid principal must remain on deposit in your share account until the loan is paid.

 Mortgage Loans

Deciding which mortgage loan is right for you can depend on a lot of factors. Where you’re at in your life cycle, how much you have for a down payment, how long you plan to be in your new home, etc. Learn more about the differences between these mortgage products below:

Conventional Fixed Rate Mortgages. Your loan payment stays the same.

  • Up to 97% financing.
  • Interest rate remains the same for the entire loan.
  • Perfect if you want stay in your home for a longer period of time or the entirety of the loan.
  • 15, 20, 25 and 30-year terms.


FHA Mortgages. A loan with a lower down payment.

  • Up to 96.5% financing.
  • 15 and 30-year terms.
  • Federally insured mortgage loan.
  • Down payment can be gifts, savings or 401(k) withdrawals.

USDA Rural Development (RD) Mortgages. A loan for RD designated areas with a lower down payment.

  • Up to 100% financing.
  • 30-year fixed-rate loan.
  • Federally insured mortgage loan.
  • Flexible credit guidelines.

Buying a home is one of the most important purchases of your life. That’s why we will ask you these questions and help you make the right choices for you. We don’t just take your information and quote a rate. Visit one of our branches to speak to one of our experienced Mortgage Loan Officers or call 1-844-222-7788 to make an appointment.

Curious about what your potential mortgage payment could be? View our mortgage calculators.

Ready to get started?...Apply for your mortgage now!

*NMLS ID: 412587. First mortgage purchase and refinance loans are available in most Central Illinois Counties.

 Home Equity Line of Credit (HELOC)

Home Equity Line of Credit, or HELOC, is a way to borrow money by utilizing the equity in your home. It is a variable-rate loan that acts like a credit card. The borrower is approved for a certain limit and can withdraw money when needed. Payments vary based on how much money is withdrawn and the current interest rate. There is a set term, and the outstanding loan amount must be paid in full by the end of the term.

 Home Equity Loan

Similar to a HELOC loan, a Home Equity Loan allows you to borrow money using the equity in your home as collateral. Here are some of the features:

  • Lump Sum - a home equity loan is disbursed in one lump sum.
  • Fixed or Adjustable Rate - the interest rate you pay on a home equity loan can be either fixed (doesn’t adjust with the prime rate) or adjustable (adjusts with the prime).
  • Money for whatever - although many people use a home equity loan to pay for upgrades to their home, some use the money for college tuition, a vacation or to consolidate bills.

Land of Lincoln Credit Union offers both fixed and variable home equity loans:

Home Equity Line of Credit (HELOC Fixed)

  • Available on primary, single-family residences.
  • Advances can be made for up to five years.
  • As long as 10 years to repay.
  • Up to three draws allowed per quarter.

Home Equity Line of Credit (HELOC Variable)

  • Available on primary, single-family residences.
  • Offers a lower starting interest rate.
  • Advances can be made on s line of credit for a period of 83 months.
  • As long as 7 years to repay.
  • Variable rate is tied to the Wall Street Journal Prime Interest Rate.
  • A 2% annual adjustment cap.


If you use a HELOC to improve the home, you may be able to take a tax deduction on the interest for credit lines up to $1 million ($500,000 if married filing separately). If you use a HELOC for other purposes, you may be able to take a tax deduction on the interest for credit lines up to $100,000 ($50,000 if married filing separately). Be sure to talk to your tax advisor first to see if a HELOC is right for you!

 Second Mortgage Loan

Second Mortgage Loan

  • Available on primary, single-family residences.
  • As long as 9 years to repay.

 Commercial Loan

LLCU offers several types of loans for small businesses and people wanting to start a new business. Each loan type has its own advantages. Let one of our experienced Commercial Lending Officers help you decide which is best for you. Land of Lincoln Credit Union is a Certified SBA Lender.

Contact John Doyle at 1-844-222-7788 for an appointment to discuss your business dreams. View our existing Business Loan products.

 Tuition Loans

At Land of Lincoln Credit Union, we understand the value of a private education and support our local educational institutions. While annual tuition rates are on the rise, we’re here to help. The LLCU Tuition Loan Program offers an alternative form of financing for parents of children attending private grade schools, junior high, or high schools. The features of this program are as follows:

  • Competitive Low Interest Rates
  • Maximum Cumulative Loan Amount is $10,000.00
  • 1st Payment Can Be Deferred Up to 90 Days
  • Other Loan and Deposit Products Available

Visit one of our branches to apply or give us a call at 1-844-222-7788 for more information.

All LLCU Tuition Loans are subject to credit approval. Membership required. Other restrictions may apply. NCUA Insured.

 Student Loans

Apply for a Student Loan with Smart Option Student Loans from Sallie Mae. To start paying for college the smart way or to learn more, visit the Sallie Mae website.

 LLCU Relationship Rewards

Relationship Rewards provides rewards for LLCU members who support the credit union by utilizing a wide variety of products and services that we offer. The more products and services you are enrolled in, the lower your loan rate can be. Here are the benefits offered:

  • Members applying for a new consumer loan* can receive up to 0.25% rate discount for each eligible product or service they use at LLCU.
  • The maximum discount you can receive is 0.50% off of your new loan.

If you have any of the following Land of Lincoln Credit Union products, you will receive the listed discount on your new consumer loan:

  • Existing Active Checking Account (0.25% Discount)
  • New Checking Account with Automatic Loan Payment Transfer (0.25% Discount)
  • Direct Deposit of $300 or More (0.10% Discount)
  • Automatic Deduction of Loan Payment from LLCU Account (0.10% Discount)
  • Elect GAP, MRC or Disability Insurance on Your New Loan (0.10% Discount for Each)
  • LLCU VISA Credit Card with a Balance (0.25% Discount)
  • Premier Partner/SEG Employee (0.25% Discount - see list of affiliated Premier Partners)

*Relationship Rewards not applicable on VISA credit cards, 1st & 2nd mortgages, balloon mortgages, HELOC loans, revolving loans or special loan rate promotions. Current LLCU loans do not qualify for Relationship Rewards. Must have used product or service for at least 30 days to qualify for discount.