FOR A LIMITED TIME—in addition to our great low rates—now through December 31, 2019 earn a whopping 2% cash rebate on new Agency Secured Loans. Or refinance your agency loan from another financial institution to receive the rebate.
These loans are designed to help Farmers agents borrow against their established Contract Value and get our lowest agency loan rates. And we make the application process quick and easy, so you get your money faster.
- 2% cash back rebate—paid within 90 days of the loan funding
- Rates as low as 5.24% APR+
- Borrow up to 60% of your contract value3
- Up to a 7-year term
See how much you could earn!
2019 Agency Secured Loan 2% Rebate Promotion – Rebate will equal 2% (two percent) of loan amount. The rebate is a cash back offer that is valid on new loans for the amount financed of a qualified Agency Secured Loan. Refinancing of any existing FIGFCU loans are not eligible for this offer, only new money loans financed qualify. This is a one-time rebate, which will be 2% of the total amount financed.
Ex: Agent is requesting and qualifies for a $40,000 Agency Secured Loan and is eligible based on Net Folio Deposit of $5,000 per calendar month into a FIGFCU checking account under the same membership account as the Agent Borrower and has Automatic Payment/Folio Deduction set up no later than 60 days after loan funding. The Agent will then qualify for an $800 (eight hundred dollars) rebate. The rebate will be deposited to the Agent’s primary savings account within 90 days after loan funding.
Rebate Forfeiture: If 50% of the original balance is not maintained for 6 months the entire rebate would be forfeited and debited from the account; or if the Net Folio Deposit or Automatic Payment/Folio Deduction is discontinued, the rebate will be forfeited; the Credit Union reserves the right to recover fees from any share account held with the Credit Union, or to include it in the payoff amount of the rebated loan. Certain creditworthiness criteria apply for loan approval. Agency Membership with FIGFCU Credit Union is required. If you are not currently a member, open a membership with as little as $5 to take advantage of this offer and set up the required Net Folio Deposit AND Automatic Payment/Folio Deduction. FIGFCU has the right to end or modify this promotion at any time and cannot be combined with any other promotional offer.
+APR = annual percentage rate. Rates include discounts for Direct Deposit into a Farmers Insurance Federal Credit Union Checking Account and Automatic Payment/Folio Deduction. Rates are subject to change at anytime.
3 Agents and DMs: Borrow up to 75% of contract value for an agency acquisition loan or down payment on commercial real estate. Borrow up to 60% of estimated contract value. Agents and DMs: Should a UCC not be on file for an account holder/borrower and their respective agency on another account, one will need to be filed upon the funding/opening of this Credit Line. At such time the prevailing rate/cost for filing a UCC will be assessed against the account holder/borrower.