Loan Application

Our Loan Process

To apply for any of our loan products, please submit a Loan Application. If you are an NIU employee, please fill out and fax, email, or drop off an HR Income Verification each time you submit a loan application. If you work outside NIU we will need proof of your income via your last two paystubs, most recent W2 or bank statements showing two or more regular direct deposit.

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Additional Loan Documentation

  • New Auto Loans - we need the buyers order/ bill of sale and the MSRP (Manufacturer’s Suggested Retail Price) of the vehicle. A “New” auto has never been titled.
  • Used Auto Loans - we need the buyers order/ bill of sale and the Used Vehicle Worksheet filled out (so we can pull the value of the vehicle). Used autos 2017-2007 we can loan up to 100% of the NADA listed Clean Retail Value, 2006 and older up to 90% of NADA Clean retail value (a minimum value of $5,000 is required)
  • Auto Refinances - we need a 10 day payoff, the institutions name and address to where we need to mail the funds to. You will also be responsible for the $95 title fee to place Northern Illinois Federal Credit Union as lien holder on the vehicle. You may pay that up front or roll this fee into the loan.
  • For a Debt Consolidation Loan  please fill out the Debt Consolidation Worksheet  so we can accurately determine debts not including what you intend to pay specific merchants.

We now rate match! Keep your lending local with our rate matching program, credit score of 670+ find a lower rate? We can rate match up to a 1% difference of our current rates.

Loan processing takes approximately 24-48 hours to return a response on your request.  We make every effort to determine how we can help your financial wellbeing, and in the instance we are not able to offer the loan requested, we will sometimes counter-offer a product or service we feel would help you. 

Northern Illinois Federal Credit Union National Mortgage Licensing System #486789

Payment Calculator


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MEMBER'S CHOICE® Credit Life and Credit Disability Insurance

There’s no way anyone can predict an injury, illness or an unexpected death but you can take steps along the way to help make sure your family is provided for if the unforeseen were to happen. Credit Life and Credit Disability Insurance helps you pay your covered loans so you and your loved ones don't have to.

This voluntary insurance premium is included in your monthly payment; you won’t receive extra bills or statements. If you have a balance on your loan and are totally disabled due to covered injury, illness or in the event of an unexpected death, Credit Life and Credit Disability Insurance can help.  Ask us how today.

Credit Life and Credit Disability Insurance, underwritten by CMFG Life Insurance Company, is optional and will not affect your application for credit or the terms of any credit agreement required to obtain a loan. Certain eligibility requirements, conditions, and exclusions may apply. Please contact your loan representative, or refer to the Group Policy for a full explanation of the terms.  CDCL-929880.1-0514-0616