Recreational loans

Get out there more often.

Put a boat at the lake or a camper in the driveway, financed by a credit union the members own. Every member pays the same rate, and a person answers when you call.

Apply Now

Looking for a motorhome loan instead? See motorhome loans →

Rates as low as

6.65 % APR*

New recreational vehicle

Boats, campers and more

More Saturdays on the water.

With Wilson Lake and Pickwick this close to home, a boat of your own means you can head out whenever the weather turns nice. If you’d rather be in the woods, a camper or a 4-wheeler gets you there just the same.

  • Same rate for every member, whatever your credit score
  • Boats, motorcycles, 4-wheelers, campers and wave-runners, new or used
  • Up to 100% financing new and 90% used
  • Take up to 7 years to pay on new, and up to 6 on used
Apply for a recreational loanSee today’s rates →

Today’s rates

Recreational loan rates

Every member gets the same rate, and new vehicles get the lowest rates.

Product Term Rate
New recreational vehicleUp to 100% of purchase price or book valueBoats, motorcycles, 4-wheelers, campers, wave-runners 5 years 6.65 % APR*
6 years 6.95 % APR*
7 years 7.35 % APR*
Used recreational vehicleUp to 90% of purchase price or book valueBoats, motorcycles, 4-wheelers, campers, wave-runners 5 years 7.45 % APR*
6 years 7.75 % APR*
See all rates

Loan calculator

Estimate your monthly payment

This uses today’s rates. Nothing you type here is saved or sent anywhere.

Estimated payment

$491a month

Rate
6.65% APR
Payments
60
Interest
$4,455
Total you pay
$29,455

An estimate, not a quote. Every member gets the same rate for the same loan and term.

Apply for a recreational loan

How to apply

Three steps to the weekend.

  1. Step 1

    Apply

    Apply online any time. You can also call (256) 383-6551 or stop by the branch at 1705 E. 17th Street.

  2. Step 2

    Hear back

    The loan team looks over your application and calls you with your rate and payment.

  3. Step 3

    Head out

    Sign your loan papers, and it’s yours to take home.

Start your application

Questions

Recreational loan questions

Don’t see yours? Call (256) 383-6551, Monday–Friday, 8 to 5.

Does everyone really get the same rate?

Yes. Every member gets the same rate for the same loan and term, whatever their credit score. Your credit history still plays a part in whether the loan is approved.

What can I finance?

You can finance boats, motorcycles, 4-wheelers, campers and wave-runners, new or used. Motorhomes have their own page.

How much can I borrow?

You can borrow up to the full purchase price or book value on a new recreational vehicle, and up to 90% on a used one.

How long can I take to pay it back?

You can take up to 7 years on a new recreational vehicle, and up to 6 years on a used one.

Do I need to be a member?

Yes. Membership is open to the whole IBEW Local 558 family, and it starts with $25 in Share Savings. You can apply for membership online.

More ways to borrow

Something else on the list?

*APR = Annual Percentage Rate. Not all applicants will qualify. Rates are subject to change without notice. We’ll match a lower rate on a comparable new loan offered by another local lender. To qualify, you need a credit score of 700 or higher and a written, dated offer or quote from the competing lender at the time of application. The offer must be for the same loan type, amount, and term, and for a loan you qualify for with that lender.

Recreational loans

See you at the boat ramp.

Apply online whenever you’re ready, or call (256) 383-6551 to go over the numbers first.

Apply for a recreational loanCall (256) 383-6551