Reclaimed Autos Now Featured

Comala has several great opportunities for members to pick up a "reclaimed" truck with 1% financing! Click here to learn more.

Off To the Races Winners

Our Off To the Races promotion ended July 31st, and our lucky Grand Prize Winners were drawn on August 1st. They are Sarah Stallworth and Boggs Reporting and video. They won our Grand Prize package that includes a 3 day 2 night race package!

The Winners of the monthly drawings have been:

• April - John Youmans and Mary Seahorn
• May - Dana Baker and Theresa Posey
• June - James Lisenby and Adams Security Alarm Products, Inc.
• July - Bradley Roney and Jamie Kennedy

These lucky members won a trip to the race of their choice at the Daytona International Speedway, Talladega Super Speedway, Atlanta Motor Speedway, or can choose from any other race during the 2008 and 2009 National Association for Stock Car Auto Racing season.

The fully transferable package includes:

• Two tickets to the National Association for Stock Car Auto Racing race of your choice
• 2 Day/1 Night accommodations for two at a Hampton Inn, Hyatt, or Hilton hotel
• Breakfast and room tax included in the package.

Lightning Damage At Our Eastdale Branch

On Sunday evening, July 13, lightning struck this tree in the parking lot of our Eastdale Branch and caused equipment damage inside. For those members who have been inconvenienced by dealing with just one drivethrough line, we really appreciate your understanding while we install all new equipment in the other lines, and install a new ATM machine.

Comala Has Partnered To Bring You Affordable Student Loans

Comala Credit Union has partnered with CU Student Higher Education Loan Program (CU Student H.E.L.P.) to offer a private education loan program that gives borrowers a 12-month grace period after graduation, no penalty for prepayment and special rates and fees exclusive to credit union members.

When scholarships, grants and federal loans aren’t enough, a CU Student H.E.L.P. can help you fill the gap. Private loans allow for a loan to be placed in the student's name and no payments are required while the student is enrolled at least half-time. These are credit-based loans, so Comala Credit Union encourages all loan applicants to apply with a creditworthy cosigner to increase their chances of approval and of obtaining a lower interest rate and/or loan fee.

Apply online today and receive an online decision in less than a minute. Or you can apply by phone at (877) 283-3562.

Undergraduate and Graduate Loans

Additional Program Features

• Borrowers can apply online 24/7 and get an online decision in less than a minute;
• Cosigner is eligible for release during repayment2;
• Borrowers may receive interest rate reductions for auto-debit and on-time payments ²;
• Level and graduated repayment options with forbearance up to one year; and
• No prepayment penalties.

Borrower Qualifications

To be eligible for a CU Student H.E.L.P. loan, the borrower must be 18 (19 in Nebraska and Alabama, 21 in Puerto Rico & Mississippi)3 by the date of application, enrolled at least half-time in, or admitted to, an eligible institution and a U.S. citizen or eligible non-citizen holding a valid, unexpired USCIS form I-151 or I-551. Borrower must be making satisfactory academic progress.

You may qualify for federal student loans. We encourage prospective customers to exhaust federal student loan options before applying for a CU Student H.E.L.P. loan or other private student loan, as federal loans are often less expensive and offer the widest variety of repayment options.

CU Student H.E.L.P. is administered by CampusDoor. All loans are subject to credit approval. Lender is Lehman Brothers Bank, FSB. Equal Opportunity Lender. Comala Credit Union is compensated for the referral of private loan customers to the Lender.

¹The incidental loan can be a maximum of 30% of the requested loan amount, up to a $3,000 maximum loan amount, with a minimum loan amount of $500. Please note that if the Financial Aid Office reduces the loan amount at certification, the amount of the incidental loan may be reduced or possibly eliminated.

² At all times the discount rates and cosigner release terms are subject to change. The on-time benefit must be earned. Cosigner release is contingent upon the borrower’s credit profile which will be reviewed by the Lender prior to release. Loan delinquency, default, or the use of forbearance may result in the revocation of all borrower benefits.

Mississippi residents under the age of 21 may borrow with written consent from a parent or guardian.