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Loan Application

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Terms of Service

To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identified each person who opens an account. What this means for you: When you open an account, we will ask you for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.

I present the above information as true and correct stated to the best of my knowledge and for the purpose of obtaining credit from the credit union. I agree that the credit union is authorized to make inquiries pertaining to my employment, credit history, and financial responsibility. I agree to allow the credit union to review my credit report and offer me products and services that may be beneficial.

Certain collateral may need to be inspected by a Credit Union employee. The inspection is to determine the loan value of the collateral for Soo Co-op Credit Union. If the collateral is within city limits of Sault Ste. Marie, you will be charged $50.00, outside the city limits you will be charged $75.00. This is to be collected prior to inspection. There will be no charge if the collateral can be brought to and inspected at any of our offices.

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