Loan Products

Borrowing money from the credit union isn't like borrowing from a bank. At IRCO, you are an "owner and member", not a "customer". Your credit union is a cooperative thrift institution that encourages savings in addition to providing low cost, affordable loans for almost any good reason.

Unlike many financial institutions, the interest paid on a loan is calculated on the declining balance of the amount you borrow. Interest is calculated on the exact number of days between payments. As the principal of the loan decreases, the amount of interest you pay also decreases. This feature can literally save hundreds of dollars. Additional payments may be made at any time without a prepayment penalty.

IRCO offers the following loans:

1st & 2nd Mortgages

Certificate Secured

Home Equity

New & Used Auto

New & Used Motorcycle

Share Secured

Signature/Personal Loans

Our loan department is eager to help you with any financial problem you may have. Loan requests are generally processed within 24 hours (not including mortgage applications). In most instances, we accept applications over the phone or internet (see "Applications" page) and a quick phone call can tell you the status of your loan application. And . . .Don't forget to check out our great RATES!