General Loan Information

Actual Annual Percentage Rate (APR) may vary according to overall credit history, payment method and payment processing fees. Diamond is an equal opportunity, equal housing lender. Real estate must be principal residence of member/borrower and must be located in PA, DE or NJ. Property insurance is required. Our Board of Directors reviews loan rates on a regular basis. All rates and terms are subject to change without notice.

New/Used Auto Loan Example
$20,000 for 60 months at a rate of 2.94% APR is a monthly payment of $358.90. May require a down payment depending on the qualifications of the borrower.

Fixed Rate Home Equity Loan Payment Example
$50,000 for 10 years at a rate of 3.74% APR is a monthly payment of $500.19.

Home Equity Line of Credit Loan Payment Example
The Annual Percentage Rate is based on the value of an index. The index is the highest Prime Rate published in The Wall Street Journal on the last business day of the month. To determine your Annual Percentage Rate applied to your line, we will add a margin to the value of the index. The minimum Annual Percentage Rate is 4%. The maximum Annual Percentage Rate that can be charged is 18%. The line has a variable rate feature and the Annual Percentage Rate and the minimum monthly payment can change as a result. The rate can be adjusted monthly. You could pay certain fees to third parties to open a line. These fees generally total between $150 and $900. If you have an outstanding balance of $10,000, the minimum monthly payment at a rate of 1% would be $100.00 for 7 years (the "draw phase") from the date of the agreement. After the draw phase ends, you must pay the outstanding balance on your line of credit (the "repayment phase"). The length of the repayment phase is 15 years. Your minimum monthly payment will equal an amortized payment of the loan account balance or $75.00, whichever is greater. This balance will be amortized over 180 months. The minimum payment will change whenever the annual percentage rate changes. Your loan payments will recalculate each month in order for your loan to be paid in full during the repayment phase. If you had an outstanding balance of $10,000 at the beginning of the repayment phase, the minimum monthly payment at the maximum ANNUAL PERCENTAGE RATE of 10% would be $107.46. Other terms and conditions apply based on the type of loan you establish.

Mortgage Loan Payment Example
Principle and Interest only: A loan of $150,000 for 30 years at a rate of 3.750% is a monthly payment of $694.98. Does not include escrow for taxes and insurance.

Express Cash Line of Credit Loan Payment Example
Minimum monthly payment is 2.5% of balance or minimum of $25.00. Minimum advance of $50.00. Rate subject to change anytime. If you have an outstanding balance of $1,500, payment is 2.5% or a payment of $37.50.

Loan Confirmation Disclosure

By clicking the 'I Agree' button you promise that everything you have stated in this application is true and correct to the best of your knowledge. You authorize the credit union to obtain credit reports for everyone listed on this loan application. The credit union may furnish information about your account to consumer reporting agencies. You understand that the lender may offer a range of rates on their loan products and that the rate and term of your loan may depend upon an evaluation of your past credit history and any applicable discounts based upon your relationship with the credit union.

USA Patriot Act Disclosure

Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. We will ask for your name, address, date of birth, and other information including valid identifying documents to identify you.

E-Sign Disclosure

Before obtaining products or services electronically, you must read and indicate your acceptance of the terms outlined below. If you do not consent, you will not be able to proceed with the application process. You may contact us at the number or address listed below to open a new account.

In this consent “we”, “us”, and “our” are used to refer to Diamond Credit Union. All of the disclosures being provided to you may, at our discretion, be in electronic form, and you will be able to review them online in addition to downloading and/or printing them. Your consent applies only to the disclosures and notices applicable to the deposit accounts opened during this online session.
Disclosures provided in electronic form will not be distributed in paper form. After consenting, if you wish to obtain a paper copy of the disclosure(s), you can do so free of charge by calling us or writing us at the number or address listed below.
You have the right to withdraw your consent at any time, at no cost to you, by calling or writing us at the number or address listed below.
By consenting to receive disclosures and notices electronically, you agree to provide us with the information (such as current email address) necessary to communicate with you electronically. You are required to update us with any changes in such information by calling or writing us at the number or address listed below.
The following lists the hardware and software requirements necessary for access to and retention of the information being provided to you in electronic form. By consenting to receive the disclosures online, you will also be verifying you meet the necessary hardware and software requirements to view the disclosures.

• A personal computer or other device capable of accessing the internet
• A web browser which supports 128-bit SSL encrypted communications
• Software that permits you to receive and access Portable Document Format (PDF) files, such as Adobe Acrobat Reader version 5.1 or higher (available for downloading at http://www.adobe.com/products/acrobat/readstep2.html).

Contact Diamond for inquiries or to open an account via phone.