Loan Products

When you have a need to borrow money, come to 1ST Gateway Credit Union. Our goal is to provide you with an affordable loan--fast!

1ST Gateway Credit Union can finance just about anything you need quick and easily. Plus, our competitive rates can really save you money!

Automobiles (New or Used)

We finance or refinance all types of vehicles at very competitive rates. We can even pre-approve your loan which gives you more bargaining power with the dealer. You can also use the equity in your vehicle to consolidate debts. Call one of our branches to learn more!

  • Camanche - (563) 243-4121
  • Clinton - (563) 243-0524
  • DeWitt - (563) 659-5963
  • Fulton - (815) 589-9053
  • Morrison – (815) 772-2200
  • Sterling – (815) 564-0367
  • Prophetstown – (815) 537-2620

Boats or Recreational Vehicles

If travel and outdoor fun are part of your life, 1ST Gateway Credit Union can help with the financing of recreational vehicles, including RV’s, motorcycles, snowmobiles and jet skis.

Home Equity Loans

This is fast becoming one of the most popular type of credit union loans. You can use up to 90% of the equity in your home to fund a remodeling project, a college education, a vacation, or any other type of purchase. We offer repayment terms of up to 15 years.

Mortgage Loans

The Credit Union offers a variety of mortgage loan products to meet the diverse needs of our members including both balloon loans and fixed rate mortgages. If you're purchasing a home, 1ST Gateway Credit Union has the right loan for you. Our in-house balloon loans have a fixed rate for a 6, 8 or 10 year term, no points and up-front costs that are less than 1/2 of what you may pay elsewhere. Our fixed rate mortgages offer 10, 15, 20 and 30 year terms with low rates and the added security of knowing your payments won’t change no matter how rates fluctuate. Looking to refinance? We do that too! At 1st Gateway, it is possible to refinance your current home loan with NO money out of your pocket.

1st Time Homebuyer Program

Our 1st Time Homebuyers Program is designed to assist members who wish to realize the dream of owning their first home and offers the following advantages:

  • Low Down Payment - Up to 97.5% Financing*
  • Competitive Rates - Fixed and Balloon
  • Loan serviced in-house at 1st Gateway CU
  • No Private Mortgage Insurance (PMI)- this means lower monthly payments
  • Requires a minimum 690 credit score*

Purchasing your 1st home is one of the biggest decisions most people make and we want to be there with you every step of the way. Stop in to our Camanche location and talk with Lance Blinkinsop today. We know the market and we’ll get to know you. Together, we’ll help find you the right home and the right mortgage.

Line of Credit Loans

We've designed our Line of Credit Loan with you in mind. This signature loan allows you to borrow against a pre-approved line, if an emergency occurs. Once your initial Line of Credit is approved, advances can be completed in less than 5 minutes. It's simple and convenient and works great in consolidating debts into a single payment.

Business Loans

1ST Gateway Credit Union now offers member business loans to business owners and individuals who are eligible for credit union membership. 1ST Gateway has partnered with Community Business Lenders (CBL), a locally owned credit union service organization, in order to provide our members with a variety of business loans including term loans, revolving lines of credit and several others. Loan purposes may include, but are not limited to, financing or refinancing investment properties, business expansion, equipment purchases, business purchases, commercial property purchases and/or construction loans. Please contact a loan officer with any further questions you may have.

*Financing available up to 97.5% with minimum credit score of 725 up to $150,000. Financing available up to 95% with credit score between 690 and 724 up to $125,000. Federally Insured by NCUA 1st Gateway Credit Union is an Equal Housing Lender