Mortgages
Mortgages can be a scary thing. We are here to make sure it goes as smoothly as possible.Mortgage Loans
We offer First Mortgage Real Estate loans. Debbie Brister, our mortgage loan officer, will be able to answer any questions you may have and go over information needed to start the loan process.
Please call Debbie at 318-255-9101, or drop by our office at: 102 W. Alabama, Ruston, LA 71270.
Refinance
Let us refinance your current loans.Refinancing
We do refinance loans for our members. We would love to talk with you about refinancing a loan you currently have with Jaco or a loan you have financed with someone else. It’s always worth checking to see if we could offer you a better rate or better terms. Call our office at 318-255-9101, and we will be glad to assist you in refinancing your loans.
Auto Loans
Got your eye on that brand new car, truck, or SUV? Let us know, so we can help get you on the road today!Auto Loans
New Autos
We offer new and used auto loans. For new loans we will finance 90% of selling price from the dealership. You would need to pay 10% plus tax, title, and license fees.
HOWEVER: We may be running a loan special that would cover 100% FINANCING of invoice INCLUDING TAX, TITLE, AND LICENSE. An EXTRA YEAR of financing could be offered in this special.
You can find these specials for the current quarter under Loan Specials in the News portion of this website.
Used Autos
On used auto loans we will loan 100% of NADA “Clean Loan Value”. You will need to call our office at 318-255-9101 and we will look this value up for you. On autos in the current NADA Book, we can add auto options to loan values to get a higher loan value. If auto is in the older NADA Book, we can use loan value only (NO ADD-ONS).
NOTE: Our Loan Specials may cover FINANCING of TAX, TITLE, AND LICENSE FEES on qualified used vehicles.
We will need Year, Make, Model, Mileage and VIN Number. Please have this information ready for us when you call.
Please fill out a loan application and follow the instructions provided. If you need assistance, please call 318-255-9101 we will be glad to help.
You can find current rates and terms under the Loan Rates & Terms section of the Rates page on this website.
Personal/Share Loans
Looking to take out a loan for yourself? Our trained staff can get you started today.Share Loans
A Share Loan is a guaranteed loan. No Credit Report is required and you can set the term for the loan, not to exceed five years. Your account will be frozen for amount of remaining loan balance. You will be required to maintain 10% above your current loan balance in you share account until loan is paid in full.
As you make your payments, the amount you paid in principal will be unfrozen from your shares and you could withdraw that amount at any time.
This is a low interest rate loan. Currently a share loan rate is at 3.0%.
Here are five good reasons why you may want to borrow than withdraw from your shares.
- You are less likely to replace your savings than you are to repay a loan.
- By withdrawing your shares, you defeat the purpose of which you originally set up a program to save money.
- The only collateral needed is your savings.
- This loan is a guaranteed loan.
- This loan is our lowest rate loan offered.
This is a good loan to start building credit. If your credit is not great, this loan would help to re-build your credit.
Fill out the top portion of the loan application and sign the bottom of the second page. We do not need your driver’s license or payroll stub.
Please call our office at 318-255-9101 if you need more information.
