Below are the required documents and the additional documentation required to apply for the summer loan.
What To Get Before You Apply?
These are required for all loans that are not savings secured and these form the base for ALL loan applications. With these documents “recent” means not being older than three months from the date on the document.
For Local Employed Members
A recent proof of addressA recent job letterLast (2) two consecutive months’ worth of pay slipsValid Photo IdentificationMembers working for employers who are unknown to the credit union would be asked to provide 3rd party verification of income. This can be in the form of:
Bank statements showing the salary consistently being deposited into that account for a minimum of (1) full year
Personal Income Tax Filings for the last 2-3 consecutive years
NIS Earnings Statement for the last 2-3 consecutive years
Email all documents to cobloans@cobcreditunion.com
For Local Self-Employed Members
A recent proof of addressValid Photo IdentificationProof of business registrationCertificate of Business Registration and/or Certificate of Incorporation Notice of Directors (if the business is incorporated)Proof of incomeIncome being assessed for self-employed members must be verifiable. Self-employed members must provide at least two of the following:
Three (3) most recent years of financial statements prepared and signed by a certified chartered account (income statement, balance sheet and profit/loss statement)
Three (3) most recent years income tax filings
Three (3) most recent years bank statements
Email all documents to cobloans@cobcreditunion.com