Loans & Applications

Colfax Power Plant offers members very affordable rates on Auto and Personal Loans. As with all loans, the APR (Annual Percentage Rate) is subject to change without notice.*

Please call the Colfax Power Plant office at 724-274-6666 for the very latest information.

Auto Loans

  • Download the Auto Loan Application Here.
  • New Vehicles: 1.99% for up to 72 months if over $15,000.00.
  • New Vehicles: 1.99% for up to 60 months for vehicles that are less than $15,000.00
  • Used vehicles: All Model Years – 2.99% APR. same stipulations. Can also be financed for up to 72 months if over $15,000.
  • (Vehicle rates are set until June 29th 2017. (Promotion)

GAP Insurance – GAP Insurance is available as a member pay option.
What it is: If your car is totaled or stolen, gap insurance covers the difference between what your auto is worth (based on current market value) and up to 125% of  the amount you still owe on your loan.

Personal Loans

  • Download the Personal Loan Application Here.
  • Personal: 9.75% up to $7,500.00 for 60 months.
  • Special: 9.00% – up to $3,000.00 for 36 months. Maximum of three (3) per member.
  • Promotional: 5.00% – up to $5,000.00 for 48 months.
  • Open-End Line of Credit Loans: 11% APR*.

Details:

  • Full 100% Share Secured Loans – 1.99% APR*. Maximum Term: 120 months.
  • The maximum unsecured loan amounts to each member will be limited to $25,000.00.
  • Multiple Loans to those that qualify.  You must have $200.00 in Shares for each loan.
  • Loan protection insurance is available as a Member Pay Option.
  • Credit Disability Insurance is available as a Member Pay Option.