Can i use savings in CU to may of CU loan

M

millyet

Guest
Can I use the savings I have in the credit union to clear my existing loan with the credit union I owe them approx 2,500 but have over 5,000 in savings is this allowed
 
Yes, though the CU may discourage it. Once you paying a higher rate on your loan than you are getting on your deposits, it makes sense for you to clear your loan. Don't let them fob you off.
 
yes you can.
have done on many occasions and was never a problem with my credit union,at the end of the day the loan is being cleared
if its out of your savings,so be it.
should'nt be an issue.i definately would.
 
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