There is a $175 processing/pre-paid finance charge to all non-GECU members.

Terms above are guidelines only; longer terms may be available for qualified borrowers. Contact GECU for details on matching lower rates. Verification of approved lower rate is needed to match rate.

*Must provide income verification; please send with funding package.
**Max term on Tiers 1 and 2 = 180 months/ Max term on Tiers 3, 4, and 5 = 144 months.
***180 month balloon based on 20-year amortization.
****Boat and RV LTV limits based on invoice for new boats and RVs (2009 and newer) and NADA wholesale or trade-in values for all other boats and RVs. Any exceptions to the above LTV limits will need to be pre-approved by GECU.

REMINDER REGARDING GECU CONTRACTS:

• Please see the following reminders to ensure your contract/funding package is completed correctly:

  • Signatures for all buyers are required on the bottom of page 1 and the back of page 2 in the “Contractual Lien on Accounts” box under the Cross Collateralization clause (both can sign on the Signature line).

    • In the event of a Third Party being involved (i.e. titled to business, titled to trust, or titled to other person not on loan), whoever is on the title, and is not on the loan, must sign on page 2 in the “Third Party Agreement” box.

    • As page 2 is not “carbon,” the customer will need to sign page 2 on both the white and gold copies.

• Send GECU the top, white copy of the contract and give your customer the gold copy. Again, please make sure their signature(s) appear on the front and back of both the white and gold copies of the contract. You can keep any additional copies of contract.

• In the “Assignment” box on the bottom, left side of page 1, make sure the second option, “under the terms of the ASSIGNMENT BY SELLER on page 2” is always checked. And, as the “Seller,” please sign in the “Assignment” box and under the “Buyers” signature(s) on the bottom, right of contract.

• Under the “Property Insurance” section on page 1, include, “The collision coverage deductible may not exceed $1,000.” In instances of larger boats/RVs, please indicate if higher deductibles are required.

GECU ONLY:

• GECU now serves any individuals that live, work, worship, or attend school in the following Ohio counties: Adams, Brown, Butler, Clermont, Clinton, Fayette, Greene, Hamilton, Highland, Montgomery, Preble, and Warren, plus over 300 SEGs!

• Our goal is to fund all completed funding packages that are received in our Reading Road office prior to 12 p.m. on that business day. Exceptions to this are any funding packages that are missing any required documentation. As always, a title is required in order for funding to be released.

• When faxing over any corrections paperwork, etc. for a particular deal, please write the name of the customer and your dealership on these items so we are able to more quickly locate the funding package.

• Proof of income (i.e. paycheck stub within 30 days of application date) is now required on ALL applicants in Tier 3, 4, and 5. If this is not provided, it will delay funding the deal. Note: Any deal is subject to income verification.

IMPORTANT REMINDERS - GECU ONLY:

• All General Electric Credit Union employees are required to apply for their financing at GECU; no dealer reserve will be paid to the dealer on any GECU employee deal.

• Please verify with the customer who they want listed as the primary applicant and co-applicant on the loan application. All payment coupons, mail, and other communications will be addressed to the primary applicant only. As the primary applicant is responsible for all payments, please double-check the names before submitting them.