Loans

Types of Loans

TruChoice offers a number of loan options so you can make the choice that fits your life. Our Financial Service Representatives can help you review our products and find the best financial solution for you.

There are restrictions, specific requirements and criteria for qualifying for a loan from TruChoice. If you want to discuss our loan products or just review your credit report, feel free to e-mail, call (207) 772-0808 or stop into a branch for assistance. We're here for you.

How to Apply for a Loan

You can apply for a loan in several ways:

Apply Online Now
Stop in to one of our branches during business hours
Print, fill in, and sign an application then fax it to 207-871-1262 or mail it to:

Loan Services
TruChoice FCU
PO Box 10659
Portland, ME 04104

Loan Insurance

Loan Protection Insurance

No one wants to think about a family member dying, but we all want to make sure our family is taken care of. TruChoice helps you do that by offering loan protection insurance on most individual loans. In the event of your death, this insurance automatically repays your loan so your family doesn't have to. This insurance is subject to age and eligibility requirements, so check with your TruChoice representative for rates and details.

Guaranteed Auto Protection (GAP) Insurance

Accidents happen! GAP coverage pays the difference between the actual loan balance and the insurance settlement should your vehicle be damaged beyond repair or stolen and never recovered. GAP is inexpensive and available for new or used cars, light trucks, vans, jet skis, motorcycles, ATVs, snowmobiles, boats, travel trailers and motor homes.

Credit Life and Disability Insurance

Your unexpected disability or death can affect your household's income level and change your family's standard of living in an instant, making household financial commitments difficult to meet. By purchasing payment protection like credit life and/or disability insurance, your eligible loan could be reduced or even paid off depending on the circumstances. The costs are very reasonable and can be added into your monthly loan payment. Call or stop in for details.