Loan and Credit Questions
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You can make your CME CU loan payment with our Online and Mobile Banking services, at the branch and by mailing your payment to us at 1615 Pontiac Ave, Cranston RI 02920.
The application process takes just a few minutes and depending on how quickly the required documentation is provided we can fund your loan in just a few days. We will call or send a secured email if additional information or further review is needed on your application.
Once all documentation is provide to finalize your loan, you can visit our branch to receive your check OR we can send it by FedEx to your home of record.
Loan to value is the ratio that compares the amount of a loan against the value of the vehicle. Typically, lenders have a “maximum LTV” threshold in place which determines how much of a loan they are willing to finance for a vehicle based on its value.
The LTV threshold is based on a number of factors, including creditworthiness, vehicle age, mileage and term of the loan. Qualified CME CU borrowers could finance up to 125% of the purchase price or book value, whichever is lower.
Your monthly payment is determined by a number of factors that make up your purchase or refinance loan. These include manufacturer's rebate, the trade-in value of your old vehicle less any balance owed and yourt down payment, just to list a few.
Once the amount of your loan is determined the interest rate and the term of the loan will be used to estimate your monthly payment. To estimate your monthly payment, try our Monthly Payment Calculator.
No. The credit bureau does not allow us to give out copies of the report. You can request a free copy of your credit report by visiting AnnualCreditReport.com.
No. You do not have to be a CME CU member to apply for a loan. Once your loan is approved, you will need to join the credit union before we can disperse the funds for your loan.
Yes. CME CU offers a full range of first mortgage, home equity loans and home equity lines of credit.
Under the Borrow Menu on our website you'll find more information on these under First Mortgage Loans, Home Equity Loans & Home Equity LOCs.
No. CME CU does not offer business services.
Members and non-members can apply for a loan online using our secured loan application. You can also call the credit union during our business hours as well as visit us at our branch located at 1615 Pontiac Ave, Cranston RI.
Members and non-members can apply for a loan online using our secured loan application. You can also call the credit union during our normal business hours as well as visit us at our branch located at 1615 Pontiac Ave, Cranston RI.
Because the federal government requires that each of the three national credit-reporting agencies—Experian, Equifax, and TransUnion—gives you a free credit report every year, consider staggering the receipt of each of your credit reports. That way, you'll get a continuous picture of how your credit picture looks, because the three bureaus feed each other the latest information. You’ll also be able to clean up errors as you find them (because errors can drag down a credit score) and you'll also keep an eye on identity theft.
To get a free copy of your credit report, visit AnnualCreditReport.com.
A signature loan is a loan without material collateral such as a car or home. The maximum amount you can borrow is $20,000. You can use this loan for just about any purpose.
Apply securely online for your signature loan.
CME Credit Union has a loan for all your needs. We offers a variety of consumer loans for buying or refinancing you car, personal, reactional vehicle, motorcycle, home equity and first mortgages. Learn More
The federal government requires that each of the three national credit-reporting agencies—Experian, Equifax, and TransUnion—gives you a free credit report every year. You can request a free copy of your credit report by visiting AnnualCreditReport.com.
According to the Federal Trade Commission, the only authorized online source is at annualcreditreport.com. Consumers should be aware that there are many sites out there that claim to offer “free” credit reports but often charge you for another product if you accept the report.
To request your credit report by phone, call (877) 322–8228. To request your credit report by mail, write to Annual Credit Report Request Service, P.O. Box 105281, Atlanta, GA 30348-5281. Do not contact the individual credit-reporting agencies.
No. We do not currently offer student loans.