Oakland University Credit Union

Loans & Visa

Vehicle Loans
Need a loan for a new car, RV, boat or motorcycle? We offer low rates and flexible terms.

Home Loans
Our Home Loan options include mortgages, refinancing, construction, and home equity loans. We offer low rates and flexible terms.

Visa Credit Cards
We offer three types of credit cards. Our Visa Signature offers tiered rewards - 3%,2%,1%. Our Platinum Plus Visa offers 1% cash back.

Personal Loans
From weddings to new computers and unexpected expenses, we have personal loans to help pay for just about anything! Skip the fees and fixed rates, design your loan terms around your needs, and save money!

Lowest Loan Rate

Students receive our lowest loan rates for credit cards, cars, computers, and more, regardless of credit score or even if they don't have credit established.

Flexible Terms

Design your loan terms around your needs, and save money.

Apply in the Mobile app

On-the-go? With just a few taps of your finger, you can apply for a loan from anywhere with our mobile app.

+ —

How do I apply for a vehicle loan?

Applications can be submitted online by logging into your account via ComputerLine and selecting "Apply for a Loan" or by logging into the Mobile App and selecting "Apply for a Credit Card or Loan". You are also welcome to contact us over the phone at 517-333-2424 or visit any OU Credit Union branch location.

+ —

If I am approved, how do I pay the dealership?

Upon approval of an auto loan with OU Credit Union, and after receiving your signed MFLA form and any loan contingencies are met we will issue a cashier's check. Before issuing a cashier's check, we will ask for the following information:

• Vehicle identification number (VIN)
• Year, make, model and color of vehicle
• Current mileage
• Any additional special features the vehicle may have
• Dealership or seller's name and phone number

You will be able to provide the check to the dealership or private seller, for the purchase of your vehicle.

+ —

How do I make payments to my loan?

There are several options available to make loan payments. We offer manual one time payments or automatic payments based on your preference, and you may pay from an internal OU Credit Union account or directly from another financial institution. Please note that if you have financed a vehicle through financing through the dealership prior to being a member, you will initially need to login to your new OU Credit Union account. Please reach out to a representative for assistance if needed.

Members can choose:

• Internal transfer from an OU Credit Union share using MoveMoney > Transfer Money in ComputerLine or the Mobile app. MoveMoney can also be used to schedule reoccurring payments from an OU Credit Union savings or checking account.
• Manual one-time payment from an external account which can be initially set up by going to MoveMoney > Manage Preferences > External Transfers/ACH Accounts
• Automatic recurring payments from another financial institution by completing an ACH Origination form which can be located on our website here
• Loan payment by mail.

Oakland University Credit Union
PO Box 4097
East Lansing, MI 48826-4097

For express mail, please send your payment to:
Oakland University Credit Union
3777 West Rd.
East Lansing, MI 48823

To find your loan payoff amount please contact us for assistance.

+ —

What interest rate do I qualify for? / What interest rate can I get?

You can view our current interest rates here. The term of the loan, and your Experian Credit Score, will affect the interest rate that we will be able to offer. We would be happy to review a full application over the phone at 517-333-2424, by starting a chat with Fran, in an OU Credit Union Branch location, or you can apply online when logged into ComputerLine by selecting "Apply for a Loan".

View All FAQs

Auto Loan Payment Example: The monthly payment per $1,000 borrowed at 1.99% APR for a term of 36 months would require 36 monthly payments of $28.64 based on 30 days to first payment. Credit is subject to approval. Rates, terms, and conditions are subject to change at any time based on market conditions or other business factors.

Motorsport Vehicles Less Than 600cc
Loan Payment Example: The monthly payment per $1,000 borrowed at 2.99% APR for a term of 36 months with 70% Loan to Value (LTV) would require 36 monthly payments of $29.08 based on 30 days to first payment. Credit is subject to approval. Rates, terms, and conditions are subject to change at any time based on market conditions or other business factors.

Motorsport Vehicles Greater Than 600cc
Loan Payment Example: The monthly payment per $1,000 borrowed at 1.99% APR for a term of 36 months would require 36 monthly payments of $28.64 based on 30 days to first payment. Credit is subject to approval. Rates, terms, and conditions are subject to change at any time based on market conditions or other business factors.

Boat Loan
Loan Payment Example: The monthly payment per $1,000 borrowed at 3.99% APR for a term of 60 months would require 60 monthly payments of $18.41 based on 30 days to first payment. Credit is subject to approval. Rates, terms, and conditions are subject to change at any time based on market conditions or other business factors.

Privacy Notice

Borrowers Bill of Rights

Consumer Caution and Home Ownership Counseling Notice

Electronic Correspondence Disclosure and Agreement

Mortgage Information

Nationwide Mortgage Licensing Systems IDs

Home Mortgage Disclosure Act Notice

Consumer Handbook on Adjustable-Rate Mortgage

CFPB Your Home Loan Toolkit

Reconsideration of Value

Home loans available for homes in the following states: Michigan, Alabama, Arizona, Colorado, Florida, Georgia, Illinois, Indiana, Kentucky, Minnesota, Missouri, North Carolina, Ohio, Oregon, Pennsylvania, South Carolina, Tennessee, Virginia, Washington, and Wisconsin. Currently construction home loans are only available in Michigan. Rates are based on creditworthiness, loan-to-value (LTV), property type, and other factors associated with your loan application, your rate may be higher.

Fixed-Rate Mortgage Loan Payment Example:
A primary residence, owner-occupied, single family home in Michigan, with a purchase price of $285,714 with 30% down payment, all borrowers with credit scores of 740 or higher, the mortgage for $200,000 borrowed at a 6.625% interest rate (6.726% APR) for a term of 360 months would require monthly payments of $1,280.62. Payment example does not include property taxes, homeowners insurance, and/or private mortgage insurance and your monthly payment obligation will be higher. Credit and collateral is subject to approval. Rates, terms, and conditions are subject to change at any time based on market conditions or other business factors. Equal Housing Lender.

Jumbo Fixed-Rate Mortgage Loan Payment Example:
(Minimum loan amount $766,551): A primary residence, owner-occupied, single family home in Michigan, with a purchase price of $1,095,073 with 30% down payment, all borrowers with credit scores of 740 or higher, the mortgage for $766,551 borrowed at a 6.750% interest rate (6.779% APR) for a term of 360 months would require monthly payments of $4,971.84. Payment example does not include property taxes, homeowners insurance, and/or private mortgage insurance and your monthly payment obligation will be higher. Credit and collateral is subject to approval. Rates, terms, and conditions are subject to change at any time based on market conditions or other business factors. Equal Housing Lender.

5/1 ARM Mortgage Loan Payment Example:
A primary residence, owner-occupied, single family home in Michigan with a purchase price of $285,714 with 30% down payment, all borrowers with credit scores of 740 or higher, the mortgage for $200,000 borrowed at 6.500% interest rate (6.750% APR) for a term of 360 months would require monthly payments of $1,264.14. Payment example does not include property taxes, homeowners insurance, and/or private mortgage insurance and your monthly payment obligation will be higher. With a 5/1 ARM, your loan will have an initial fixed-rate period of 60 months. After the fixed-rate period, your interest rate will adjust up or down according to market rates at the time of the reset. Rate is variable after the fixed-rate period and subject to change every year for the remaining life of the loan. Credit and collateral is subject to approval. Rates, terms, and conditions are subject to change at any time based on market conditions or other business factors. Equal Housing Lender.

APR is annual percentage rate, and is subject to change. Your rate will depend on your credit score and the term. The loans subject to credit approval.

Visa Signature Disclosures

Extended Warranty Protection

Silvercar Disclosure

RideShare Protection

Visa Signature Auto Rental Collision Damage Waiver

Roadside Dispatch Disclosure

OUCU Visa Signature Credit Card Disclosure (Schumer)

Visa Signature Travel Accident Insurance

Visa Signature Truth in Lending

Travel and Emergency Assistant Services

Visa Signature Disclosure

Electronic Funds Transfer and Payment Services Agreement and Disclosure

Electronic Correspondence Disclosure and Agreement

Schedule of Service Charges

Privacy Notice

Multi-Featured Loan Agreement

DocuSign Disclosure

USA PATRIOT Act

Visa Gift Card Disclosure

Reloadable Visa Debit Card Disclosure

Merchant Surcharge Fees

Visa Periodic Disclosure

MSUFCU Affinity Credit Card Agreement with Michigan State University

$100 Welcome Bonus Offer
You will receive $100 once you spend $5,000 on net purchases within the first 90 days after OU Credit Union Visa Signature Card approval. Purchases must post to your account within the first 90 days. Once you qualify for this bonus, we will apply it to your Visa Signature card cash back account within 45 days. Qualifying purchases exclude tax payments, any unauthorized charges or transactions, cash advances, convenience checks, balance transfers, or fees of any kind. Returns or other reversals of purchases conducted within the first three months will be excluded. Account must be in good standing to receive $100. Account is not in good standing if closed or suspended. If the account is closed by either you or by the Credit Union for any reason prior to the $100 bonus being credited to your card, the bonus will be considered to have been forfeited. This one-time $100 offer is valid for new, first-time OU Credit Union Visa Signature cardholders only. This offer may be canceled at any time without notice.

$25 Bonus for $5,000 Spend
You will receive $25 for every $5,000 spent on net purchases, up to $100 per year. The period to qualify for the bonus of up to $100 is one year, beginning on the date you opened your Visa Signature Card. Purchases must post to your account to qualify for bonus. Returns or other reversals of purchases will be excluded. Once you make $5,000 in purchases, the $25 bonus will be applied to your Visa Signature cash back account within 45 days. Qualifying purchases exclude tax payments, any unauthorized charges or transactions, cash advances, convenience checks, balance transfers, or fees of any kind. Account must be in good standing to receive $25. Account is not in good standing if closed or suspended. If the account is closed by either you or by the Credit Union for any reason prior to the bonus being credited to your card, the bonus will be considered to have been forfeited. This offer is valid for OU Credit Union Visa Signature cardholders only. This offer may be canceled at any time without notice. Visit OU Credit Union.org/visasignature for full terms and conditions.

APR is annual percentage rate, and is stated for qualified members having high credit scores. Actual rates may be higher and will be determined by member's credit score.

Platinum Plus Visa Disclosures

Platinum Plus Visa Cash Back Rewards Disclosure

Account Agreement and Disclosure

Platinum Plus Visa Credit Card Agreement and Truth-in-Lending Disclosure

Membership and Account Application

Auto Rental Collision Damage Waiver

Multi-Featured Loan Agreement

DocuSign Disclosure

USA PATRIOT Act

Visa Gift Card Disclosure

Reloadable Visa Debit Card Disclosure

Merchant Surcharge Fees

Visa Periodic Disclosure

Roadside Dispatch Disclosure

$50 Welcome Bonus Offer:
You will receive $50 once you spend $1,000 on net purchases within the first 90 days after OU Credit Union Platinum Plus Visa Credit Card approval. Purchases must post to your account within the first 90 days. Once you qualify for this bonus, we will apply it to your Platinum Plus Visa Credit Card balance within 45 days. Qualifying purchases exclude tax payments, any unauthorized charges or transactions, cash advances, convenience checks, balance transfers, or fees of any kind. Returns or other reversals of purchases conducted within the first 90 days will be excluded. Account must be in good standing to receive $50. Account is not in good standing if closed or suspended. If the account is closed by either you or by the Credit Union for any reason prior to the $50 bonus being credited to your card, the bonus will be considered to have been forfeited. This one-time $50 offer is valid for new, first-time MSUFCU Platinum Plus Visa Credit cardholders only. This offer may be canceled at any time without notice.

How We Will Calculate Your Balance: We use a method called "average daily balance (including new purchases)."

Members will earn 1% cash back on all purchases. Cash back is not earned on tax payments, any unauthorized charges or transactions, cash advances, convenience checks, balance transfers, or fees of any kind. Account must be in good standing to redeem cash back. Returns result in the loss of cash back equal to the amount returned. Negative cash back will be given if returns or credits exceed purchases.

APR is annual percentage rate, and is stated for qualified members having high credit scores. Actual rates may be higher and will be determined by member's credit score.

Platinum Visa Credit Card Agreement and Truth-in-Lending Disclosure

Account Agreement and Disclosure

Auto Rental Collision Damage Waiver

Multi-Featured Loan Agreement

DocuSign Disclosure

USA PATRIOT Act

Visa Gift Card Disclosure %filelink:mydesignterms%

Reloadable Visa Debit Card Disclosure

Merchant Surcharge Fees

Visa Periodic Disclosure

MSUFCU Affinity Credit Card Agreement with Michigan State University
%filelink:platteenagree%

How We Will Calculate Your Balance: We use a method called "average daily balance (including new purchases)."

Loss of Introductory APR: We may end your introductory APR and apply the Penalty APR if your account becomes delinquent 60 days.

Annual Percentage Rate (APR) of 0% is valid for the first 6 months from the date the Visa Credit Card account is opened and applies only to balance transfers from another financial institution's credit card. After 6 months, rate will revert to your standard rate, between 9.9% and 17.9%. Accounts 60 days late revert to the penalty rate of 17.9%. Introductory APR does not apply to purchases, cash advances, or delinquent loans.

9.9% APR is lowest rate offered for Platinum Visa Credit Card. Rate offered is based on member's credit score.

Balance Transfer Offer Details
¹ Annual Percentage Rate (APR) of 0% is valid for the first 6 months from the date the Visa Credit Card account is opened and applies only to balance transfers from another financial institution's credit card. After 6 months, rate will revert to your standard rate, between 9.9% and 17.9%. Accounts 60 days late revert to the penalty rate of 17.9%. Introductory APR does not apply to purchases, cash advances, or delinquent loans.

Your Wallet