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New or Used Boats

  • These loans are made for the purchase of a watercraft and the borrower must secure the loan by assigning the credit union as the 1st lien holder on the title of both the boat and the boat trailer being financed.
  • The credit union will secure a lien on the boat motor with the clerk of court in the community in which the member resides.
  • The credit union considers a new boat to be any boat that has never been titled, all others will be considered used.