FIGFCU Agency Acquisition Loan | Buy An Agency | We Make It Simple
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Save on Your Loan Rate: Enjoy a special 2% discount when you set up Direct Deposit and automatic payments—simplify your banking and boost your savings!
Farmers Insurance Federal Credit Union

Routing Number: 322077795

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Agency Acquisition Loan

Agency Purchase Made Simple

Thinking of buying an agency? The Credit Union makes the agency purchasing process simple.

  • Borrow against your contract value (up to 75%) with rates as low as 8.49%APR

Need more money?

  • Get an Agency Acquisition Loan with rates as low as 12.99% APR†
  • Terms up to 180 months
  • Easy application process means you get your money quickly

Additional Information

As contract value is acquired annually on the agency purchased, the newly available CV will be converted to a new CV loan, saving you even more money.

  • No collateral required‡
  • No prepayment penalty
  • No application fee
  • No annual fee

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Disclosures

APR = Annual Percentage Rate. APR is the annual rate of interest that is paid on an investment, without taking into account the compounding interest within that year. Rates are subject to change at anytime.

DIRECT DEPOSIT / 2% LOAN DISCOUNT PROMOTION: Up to 2.00% APR (Annual Percentage Rate) discount on qualifying loan is for a current or newly established minimum of $1,000 monthly Direct Deposit or Agent Net Check into a Farmers Insurance Federal Credit Union Checking Account and Automatic Payment/Folio Deduction as a repayment method to qualify. Offer subject to change or cancellation at any time. Direct Deposit loan rate discount available if at a time prior to loan funding (a) Member has a current or newly established recurring monthly Direct Deposit of at least $1,000 from net pay, pension, or government benefits, and (b) Member is obtaining a FIGFCU loan. Maximum available loan rate discount of 2.00% if Member is eligible to combine Direct Deposit discount with other available discount a maximum of 2.00% shall be applied. If Direct Deposit stops before loan is paid off, loan interest rate will increase by 2.00%. Other restrictions may apply. All loans are subject to credit approval. Rate and terms are subject to change without notice. 

Promotion Offering applies only to Consumer accounts, which must be in good standing. Guardian, rep payee or executor, collections charge-off, business, and/or organizational accounts are ineligible. Must be 18 years of age or older. FIGFCU reserves the right to end or modify this promotion without notice. Member cannot take advantage of this promotion more than once. Promotion cannot be combined with any other account promotion for a discount over 2.00%. Visit figfcu.org for account details, minimums, and fees. Federally insured by NCUA. Subject to employer and/or payer terms and conditions. FIGFCU will generally post payroll Direct Deposits on the day they are received, other exceptions may apply. Promo Period: September 3, 2024, until December 31, 2024. (Terms updated 11/14/24). Signature Loans, Business Signature Loans and Agency Acquisition Loans not eligible for refinancing. 

Available to new and existing Members who apply for eligible loans during the promotional period. Direct Deposit in the amount of $1,000.00 or more monthly or Agent Net Check into a FIGFCU Checking account (either High Yield or CashBack) and Automatic Payment/Folio Deduction to the loan is required. Signature Loans, Business Signature Loans and Agency Acquisition Loans not eligible for refinancing. Refinance Fees are as follows: Vehicle Loans - $200 refinance fee unless $4,000 in new money is added to the loan. Agency/Business Secured Loans - $400 refinance fee unless $10,000 in new money is added to the loan. Home Equity Loans/HELOC's - $500 refinance fee for loans booked within the last 12 months unless $20,000 new money is added to the loan. Interest rate shown on final loan disclosures will be the higher rate prior to the discount. Loan will be booked with the lower discounted rate. Direct Deposit Addendum will be signed with closing loan disclosures.