Business Financing and Business Banking

*New Members/New Account must use a valid “promo/promotional” code at signup/account opening to be eligible to receive the bonus. Offer not available to existing FIGFCU Members. Offer cannot be combined with any other new member offer and is limited to one bonus per account and per Member.

Eligible “Member” must open a qualified bonus account with a minimum qualifying deposit/loan in new money to the Credit Union within 10 days of joining the Credit Union. Bonus will be paid by the 20th day of the following month after qualifying activities are completed. Bonuses will be paid for the following:

There are different ways to qualify for a bonus. A new Member must fully comply with one of the following to qualify:

Checking and Direct Deposit Bonus: In order to qualify for a bonus, the eligible Referred Member must open a FIGFCU Checking (share draft) account within 10 days of joining the Credit Union and post Eligible Direct Deposits into the Checking account during the “Direct Deposit Bonus Period”.

The Direct Deposit Bonus Period begins when the eligible Referred Member opens a new Credit Union Checking (share draft) account and ends 60 calendar days after account opening. The bonus amount will be based on the total amount of Eligible Direct Deposits received during the Direct Deposit Bonus Period.

• $50 Bonus for Eligible Direct Deposits with a cumulative total of $2,000 or more received through at least 2 eligible Direct Deposits, made on different days, during the Direct Deposit Bonus Period.

Once the Direct Deposit Bonus Period has passed, the Credit Union will determine if the eligible Referred Member has met the offer requirements and if the Referred Member qualifies, will thereafter deposit any earned bonus within 45 calendar days. The Referred Member must have an active Membership savings account at the time of the bonus payout. The bonus will be posted to the Membership savings account.

Eligible Direct Deposit means a recurring deposit of regular income to a Member’s FIGFCU Checking (share draft) account, from payroll, pension, or government benefit payments (e.g., Social Security), made by the Member’s employer, payroll, benefits provider, or government agency (“Eligible Direct Deposit”) via the Automated Clearing House (“ACH”) Network.

Deposits that are from check deposits, peer-to-peer transfers (e.g., transfers from PayPal, Venmo, etc.), merchant transactions (e.g., transactions from PayPal, Stripe, Square, etc.), bank ACH funds transfers, wire transfers, or are non-recurring in nature (e.g. IRS tax refunds), do not qualify as Eligible Direct Deposits.

OR

Auto Loan Bonus: In order to qualify for a bonus, the eligible Referred Member must apply for a qualified Auto Loan or RV Loan account with a minimum loan balance of $20,000 within 10 days of joining the Credit Union. The eligible Referred Member must remain a Member in good standing for at least 60 days before bonus is paid. After 60-day membership period has passed, FIGFCU will determine if the eligible Referred Member has met the offer requirements, and if the requirements are met will thereafter deposit any bonus earned within 45 calendar days. The Referred Member must have an active Membership savings account at the time of the bonus payout. The bonus will be posted to the Membership savings account.

• $50 bonus for loan account balances totaling $20,000 or more at the time the account is first opened.

OR

Home Equity Loan Bonus: In order to qualify for a bonus, the eligible Referred Member must apply for a qualified Home Equity Loan or Line of Credit (HELOC) account with a minimum loan balance of $50,000 within 10 days of opening the membership.  The Referred Member must take a qualifying advance of at least $50,000 from the HELOC within 60 days of becoming a Member of the Credit Union. The eligible Referred Member must remain a Member in good standing for at least 60 days before bonus is paid. After 60-day membership period has passed, FIGFCU will determine if the eligible Referred Member has met the offer requirements, and if the requirements are met will thereafter deposit any bonus earned within 45 calendar days. The Referred Member must have an active Membership savings account at the time of the bonus payout. The bonus will be posted to the Membership savings account.

• $100 bonus for loan account balances totaling $50,000 – $99,999 at the time the account is first opened; HELOCs must take a qualifying advance of at least $50,000 from the HELOC within first 60 days of membership.
• $250 bonus for loan account balances totaling $100,000 or more at the time the account is first opened; HELOCs must take a qualifying advance of at least $100,000 from the HELOC within first 60 days of membership.

The Promotion is available starting October 01, 2025, until further notice. This Bonus Promotion is subject to change and/or termination at any time without prior notice.

Whether the Referring Member and Referred Member qualify for a Referral Bonus will be in the Credit Union’s sole discretion. The Bonus will be posted to the Membership savings account. “Bonus” is considered interest and will be reported to the IRS.  The above bonuses are not available to FIGFCU’s Board of Directors, Officers, Employees, their immediate family members, and members of their households.

**For business purposes only. Not available for personal, family, or household use. Membership required.

APR (Annual Percentage Rate) will be disclosed at the time of approval and prior to consummation. Rates vary based on creditworthiness and product type.

For Farmers Agents:
The following requirements must be maintained for the duration of the loan:

(1) Required Payment Method:
Loan payments must be made through Folio Deduction.

(2) Additional Requirement (choose one):

• Full Agent Net Check must be directly deposited monthly into a FIGFCU checking account; OR
• At least $1,000 in monthly direct deposits must be made into a FIGFCU checking account; OR
• An amount equal to three (3) times the monthly loan payment must be maintained in a FIGFCU savings account and may be restricted from withdrawal.

In addition, all folio, commission, bonus, and other payments owed by Farmers Insurance Group of Companies must be remitted through a Credit Union checking account.

For all other businesses:
The following requirements must be maintained for the duration of the loan:

(1) Required Payment Method:
Loan payments must be made through ACH automatic payments.

(2) Additional Requirement (choose one):

• At least $1,000 in monthly direct deposits must be made into a FIGFCU checking account; OR
• An amount equal to three (3) times the monthly loan payment must be maintained in a FIGFCU savings account and may be restricted from withdrawal.

The interest rate shown is FIGFCU’s current interest rate, based on credit worthiness. Variable rates are tied to a published index and may change after consummation based on market conditions. Variable rates are based on the Wall Street Journal Prime Rate plus a margin, and may adjust periodically in accordance with loan terms. Other rates, fees, costs, and terms may be available and are subject to change prior to final loan approval. Minimum and maximum credit limits apply based on underwriting guidelines. Lines of credit are subject to periodic review and may be modified, frozen, or closed based on account performance or credit status. During the draw period, monthly payments may be interest-only. The outstanding principal balance will be due in full at maturity (balloon payment).

This loan is subject to fees, costs, and approval. The loan is subject to a non-refundable application fee. A non-refundable application fee is required and will not be refunded regardless of approval outcome. Approved loans will be charged UCC fees and closing costs. The amount of your closing cost will be dependent upon the amount of your loan. An itemized estimate of closing cost will be provided prior to loan closing. Borrower agrees that the application fees must be paid prior to the application being processed. Payment of Loan Application Fees is not a guarantee of credit approval. This is not a commitment to lend. There are no prepayment fees.

Farmers Insurance Federal Credit Union is an Equal Opportunity Lender. Federally insured by NCUA.

†APR=Annual Percentage Rate. Rates effective as of May 29, 2026. Rates shown are our Preferred rates based on credit worthiness (FICO® Score), and a 1.00% APR Auto Loan discount for Direct Deposit or full Agent Net Check going into a FIGFCU Checking account (either High Yield Checking or CashBack Checking) in the amount of $1,000.00 (one thousand dollars) or more monthly and Automatic Payment/Folio Deduction as a repayment method to qualify. Rates and terms are subject to credit approval. Other rates and terms are available. Other restrictions may apply. Financing available up to 130% of the Purchase Price, including tax, license, warranties and negative equity on a trade for qualified borrowers. Financing available up to 130% of the Purchase Price for a lease buyout or refinance, excluding tax or license, which were paid at the time of purchase. The Credit Union only lends up to 100% loan-to-value (LTV) for clear title or private party purchases. Please speak with a Loan Representative for complete details and qualifying criteria. Rates and terms are subject to credit approval and are subject to change at any time and without notice. All values are determined by the Credit Union using either vehicle cost or Kelly Blue Book/NADA, whichever is lower. Other rates and terms are available.

††Farmers Insurance Federal Credit Union: NMLS# 408877.

‡APR = Annual Percentage Rate. APR is the cost of credit expressed as a yearly rate. “As low as” APRs are available to qualified applicants; your actual APR may vary based on creditworthiness, loan-to-value (LTV), and other underwriting factors. Rates/APRs are subject to change at any time. Home equity loans and home equity lines of credit are secured by your home.

HELOC APR is variable and may increase after account opening. The variable APR is based on the Wall Street Journal Prime Rate (the “Index”) plus a margin. The margin is determined at account opening. As the Index changes, your APR may change. Closing costs are paid by the member; third-party fees (such as appraisal, title, recording, and other closing costs) may apply and vary. No prepayment penalty.

1.00% rate discount requires a minimum of $1,000 monthly ACH Direct Deposit or Agent Net Check into a FIGFCU Checking Account and Automatic Payment/Folio Deduction as the repayment method to qualify.

There is a $500 refinance fee for Home Equity Loans booked within the last 12 months, unless $20,000 new cash is added to the loan request.

Farmers Insurance Federal Credit Union: NMLS# 408877.