Established on October 9, 1957
The following interest rates are effective from July 1, 2023
The Annual Percentage Rates (APR) are slightly higher than the interest rates shown below. Rates are subject to change at any time. The following interest rates are Denocos’s best rates. Actual rates are based on your FICO score.
For more information on other rates, click on “Read more” under each section.
Benefits of financing through Denocos:
- Enjoy no money down, no fees and no payments up to 90 days
- Payroll deduction allows members to have a portion of their paycheck deducted to make a loan payment or to send to a Denocos savings account.
- To help 10 month employees school district employees, we offer the option of skipping loan payments in the months of August and September.
New Vehicle Loans
New vehicles are vehicles that have never been registered or have under 20,000 miles. Maximum loan amount is 110% of the purchase price.
- 36 month term 5.49% fixed
- 48 month term 5.49% fixed
- 60 month term 5.49% fixed
- 72 month term 5.99% fixed
- 84 month term 6.49% fixed
Used Vehicle Loans
Used vehicle loans are for purchasing or refinancing a used vehicle. Maximum loan percentage is 110% of the Kelley Blue Book Value or, if less, the purchase price plus fees.
- 36 month term 6.49% fixed
- 48 month term 6.49% fixed
- 60 month term 6.49% fixed
- 72 month term 6.99% fixed
- 84 month term 7.49% fixed
Signature Loans
Signature loans are unsecured loans requiring only the member’s signature as security. Borrow up to $15,000.
- 36 month term 12.50% fixed
- 48 month term 12.50% fixed
- 60 month term 12.50% fixed
- 72 month term 12.50% fixed
- 84 month term 12.50% fixed
Auto Equity Loans
Auto Equity Loans are secured by a vehicle. The proceeds can be used for any purpose. The maximum loan percentage is 110% of the Kelly Blue Book Retail Value. Any amount currently owing on the vehicle must be paid off with the remaining proceeds available to the member.
- 36 month term 6.49% fixed
- 48 month term 6.49% fixed
- 60 month term 6.49% fixed
- 72 month term 6.99% fixed
- 84 month term 7.49% fixed
Motorcycle & Boat Loans
Motorcycle loans are for the purchase or refinance of new or used motorcycles. The maximum loan amount on new motorcycles is the purchase price plus fees. For used motorcycles the maximum loan amount is 100% of the Kelley Blue Book Wholesale Value or the purchase price plus fees, whichever is lower.
- 36 month term 8.50% fixed
- 48 month term 8.50% fixed
- 60 month term 8.50% fixed
- 72 month term 8.50% fixed
- 84 month term 8.50% fixed
Recreational Vehicle Loans
Recreational Vehicle (R/V) loans are for the purchase or refinance of new or used R/V’s. The maximum loan amount on new R/V’s is the purchase price plus fees. For used R/V’s the maximum loan amount is 125% of the Nadaguides.com Average Retail Value or the purchase price plus fees, whichever is lower.
- 36 month term 8.50% fixed
- 48 month term 8.50% fixed
- 60 month term 8.50% fixed
- 72 month term 8.50% fixed
- 84 month term 8.50% fixed
Share-Secured Loans
A share secured loan is secured by the funds in your Denocos savings account.
The funds being used as collateral will be “frozen” for withdrawals and made available as the loan principal decreases when payments are made to the loan.
- Up to 84 months – 4.25%
Notice
Furnishing Negative Information to Consumer Reporting Agencies
Furnishing Negative Information to Consumer Reporting Agencies
We report information about your account to credit bureaus, Experian and Equifax.
Late payments, missed payments or other defaults on your account will be reflected in your credit report.
Your credit report provides a glimpse of how financially responsible you are. Maintaining a clean credit report is vital to your financial well being. Negative information in your credit report will have a negative impact on your credit score. Your credit score can be reviewed by lenders, insurers, landlords and even potential employers. With a poor credit score you will be more likely to:
- Be denied future credit
- Be offered lower credit limits
- Pay higher rates on the credit you do receive
Please make your payments on time and always pay at least the minimum amount due to assure that negative information regarding your accounts with us will not appear on your credit report. If you are unable to make a loan payment, please contact us immediately by phone or email. We may be able to provide solutions to protect your credit score and avoid potential collection actions. We have been helping members since 1957.
This notice has been provided to you as required by Section 217 of the Fair and Accurate Credit Transaction Act of 2003.