PO BOX 19340, SEATTLE, WA 98109-1340 800.562.5515 SALALCU.ORG REV 2/16 APPLICATION FOR CREDIT Dealer: Rate: % Term: months USA PATRIOT ACT IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT. To help the government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. What this mean for you: When you open an account, We will ask for your name, address, date of birth and other information that will help identify you. We may also ask to see your driver s license or other identifying documents. Amount Requested Fixture Purchased PROPERTY INFORMATION Work Site Address City State Zip DO YOU o Rent o Lease o Own Monthly Payment Date Purchased Purchase Price Current Value Balance APPLICANT INFORMATION Applicant Initials U.S. CITIZEN o Yes o No MARITAL STATUS o Married o Unmarried o Separated Name Social Security Number Date of Birth Physical Address City State Zip Mailing Address City State Zip Previous Address City State Zip IF LESS THAN 2 YEARS WITH PRESENT ADDRESS Home Phone Cell Phone Email Government issued ID# State ID Type Issue Date Exp Date EMPLOYMENT INFORMATION Employer Position City State Gross Monthly Income Employed Since (MM/YYYY) Employer Phone Number Previous Employer From (MM/YYYY) To (MM/YYYY) IF LESS THAN 2 YEARS AT CURRENT EMPLOYER Additional Income* Source of Income From (MM/YYYY) *Alimony, child support or separate maintenance income need not be disclosed if you do not wish to have it considered as a basis of paying this obligation. JOINT APPLICANT INFORMATION Joint Initials U.S. CITIZEN o Yes o No MARITAL STATUS o Married o Unmarried o Separated Name Social Security Number Date of Birth Physical Address City State Zip Mailing Address City State Zip Previous Address City State Zip IF LESS THAN 2 YEARS WITH PRESENT ADDRESS Home Phone Cell Phone Email Government issued ID# State ID Type Issue Date Exp Date JOINT APPLICANT EMPLOYMENT INFORMATION Employer Position City State Gross Monthly Income Employed Since (MM/YYYY) Employer Phone Number Previous Employer From (MM/YYYY) To (MM/YYYY) IF LESS THAN 2 YEARS AT CURRENT EMPLOYER Additional Income* Source of Income From (MM/YYYY) APPLICANT(S) SIGNATURE REQUIRED BELOW By completing and signing this application you are applying for credit to purchase goods and services. You affirm that all of the information furnished on the application is to the best of your knowledge, complete and accurate and agree Salal Credit Union may investigate now and in the future, any of the information from any source they choose including obtaining a credit bureau report. You agree that this information may be used by Salal Credit Union to determine whether you qualify for other credit offers. If your application is approved, Salal Credit Union may from time to time supply information about your loan to credit reporting agencies. You agree to give Salal Credit Union a security interest in the goods being purchased. Applicant Signature Joint Applicant Signature Date
California UCC Fees County Fee County Fee Alameda County 23.00 Orange Alpine County 24.00 Placer 30.00 Amador County 14.00 Plumas 20.00 Butte County 32.00 Riverside 24.00 Calaveras County 30.00 Sacramento 42.00 Colusa County 16.00 San Benito 20.00 Contra Costa County 23.00 San Bernardino 36.00 Del Norte County 20.00 San Diego 36.00 El Dorado 26.00 San Francisco 24.00 Fresno 38.00 San Joaquin 38.00 Glenn 28.00 San Luis Obispo 20.00 Humboldt 20.00 San Mateo 30.00 Imperial 28.00 Santa Barbara 44.00 Inyo 28.00 Santa Clara 20.00 Kern 24.00 Santa Cruz 24.00 Kings 20.00 Shasta 20.00 Lake 14.00 Sierra 20.00 Lassen 16.00 Siskiyou 20.00 Los Angeles 30.00 Solano 20.00 Madera 20.00 Sonoma 20.00 Marin 30.00 Stanislaus 28.00 Mariposa 20.00 Sutter 22.00 Mendocino 26.00 Tehama 24.00 Merced 20.00 Trinity 22.00 Modoc 20.00 Tulare 24.00 Mono 22.00 Toulumne 20.00 Monterey 42.00 Ventura 0.00 Napa 22.00 Yolo 20.00 Nevada 20.00 Yuba 20.00 UCC 1 20.00
Contract Price: Cash Deposit: 25,000.00 - SALAL CREDIT UNION - Estimated Monthly Payment Calculator - FICO 680+ 84 Month Term Rate: Term: Buy Down 0%: 30% Fed Tax Credit: Payment: Re-Am Payment (12m): 25,000.00 5.24% 84 7,500.00 356.17 144 Month Term Rate: (5.99) Term: Buy Down 0%: 30% Fed Tax Credit: Payment: Re-Am Payment (12m): 25,000.00 26,041.67 6.24% Rate: (4.99) 144 Term: Buy Down 4%: 7,500.00 30% Fed Tax Credit 247.08 Payment 1 168.41 Re-Am Payment (12m): 26,315.79 5.24% Rate: (3.99) 144 Term: 1,041.67 Buy Down 5%*: 7,812.50 30% Fed Tax Credit 244.00 Payment 1 166.01 Re-Am Payment (12m): 26,595.74 4.24% Rate:(2.99) 144 Term: 1,315.79 Buy Down 6%*: 7,894.74 30% Fed Tax Credit 233.48 Payment 1 158.54 Re-Am Payment (12m): 27,777.78 3.24% Rate: 144 Term: 1,595.74 Buy Down 10%: 7,978.72 30% Fed Tax Credit 223.16 Payment 1 151.23 Re-Am Payment (12m): 3.24% 144 2,777.78 8,333.33 233.08 157.95 180 Month Term Rate: Term: Buy Down 0%: 30% Fed Tax Credit: Payment 1: Re-Am Payment (12m): 25,000.00 26,041.67 7.24% Rate: 26,881.72 6.24% Rate: Buy Down 4%: 7,500.00 30% Fed Tax Credit 228.07 Payment 1 156.93 Re-Am Payment (12m): 1,041.67 Buy Down 7%: 7,812.50 30% Fed Tax Credit: 223.15 Payment 1: 153.30 Re-Am Payment (12m): 27,777.78 5.24% Rate: 28,735.63 4.24% Rate: 1,881.72 Buy Down 10%: 8,064.52 30% Fed Tax Credit 215.95 Payment 1 148.11 Re-Am Payment (12m): 2,777.78 Buy Down 13%: 8,333.33 30% Fed Tax Credit 208.83 Payment 1: 142.97 Re-Am Payment (12m): 28,735.63 3.24% Rate: 3,735.63 Buy Down 13%: 8,620.69 30% Fed Tax Credit 201.78 Payment 1 137.88 Re-Am Payment (12m): 3.24% 180 3,735.63 8,620.69 201.78 137.88 240 Month Term Rate: Term: Buy Down 0%: 30% Fed Tax Credit: Payment 1: Re-Am Payment (12m): 25,000.00 25,773.20 9.24% Rate: Buy Down 3%: 7,500.00 30% Fed Tax Credit: 228.80 Payment 1: 158.89 Re-Am Payment (12m): 26,041.67 8.24% Rate: 773.20 Buy Down 4%: 7,731.96 30% Fed Tax Credit: 219.44 Payment 1: 152.23 Re-Am Payment (12m): 26,881.72 7.24% Rate: 1,041.67 Buy Down 7%: 7,812.50 30% Fed Tax Credit: 205.67 Payment 1: 142.51 Re-Am Payment (12m): 27,777.78 6.24% Rate: 1,881.72 Buy Down 10%: 8,064.52 30% Fed Tax Credit: 196.33 Payment 1: 135.86 Re-Am Payment (12m): 28,735.63 5.24% Rate: 2,777.78 Buy Down 13%: 8,333.33 30% Fed Tax Credit: 187.02 Payment 1: 129.24 Re-Am Payment (12m): 29,761.90 4.24% Rate: 3,735.63 Buy Down 16%: 8,620.69 30% Fed Tax Credit: 177.79 Payment 1: 122.66 Re-Am Payment (12m): 3.24% 240 4,761.90 8,928.57 168.66 116.16
Loan Amortization Schedule Lender name: SCU Enter values Loan summary Contract 25,000.00 Customer: Cash Deposit 0.00 25,000.00 Contract amt-cash deposit Credit Rating: Dealer Fee - 5% 1,315.79 26,315.79 Option One Contract Amount: Loan amount 26,315.79 16,701.92 Scheduled payment 233.48 Annual interest rate 4.24 % Scheduled number of payments 144 Loan period in years 12 Actual number of payments 144 Number of payments per year 12 Total early payments - 30% Fed Tax 7,894.74 Total interest 1,511.98 Re Amotrizaion 16,701.92 1,719.14 18 mos principle Total principle & interest (loan only) 27,827.77 Start date of loan 1/1/17 9,613.87 w/30% fed tax credit Grand total (cash payment & loan) 27,827.77 Optional extra payments Pmt. No. Payment Date Beginning Balance Scheduled Payment Extra Payment Total Payment Principal Interest Ending Balance Cumulative Interest 1 2/1/17 26,315.79 233.48-233.48 140.50 92.98 26,175.29 92.98 2 3/1/17 26,175.29 233.48-233.48 141.00 92.49 26,034.30 185.47 3 4/1/17 26,034.30 233.48-233.48 141.49 91.99 25,892.80 277.46 4 5/1/17 25,892.80 233.48-233.48 141.99 91.49 25,750.81 368.94 5 6/1/17 25,750.81 233.48-233.48 142.49 90.99 25,608.31 459.93 6 7/1/17 25,608.31 233.48-233.48 143.00 90.48 25,465.32 550.41 7 8/1/17 25,465.32 233.48-233.48 143.50 89.98 25,321.81 640.39 8 9/1/17 25,321.81 233.48-233.48 144.01 89.47 25,177.80 729.86 9 10/1/17 25,177.80 233.48-233.48 144.52 88.96 25,033.28 818.82 10 11/1/17 25,033.28 233.48-233.48 145.03 88.45 24,888.25 907.27 11 12/1/17 24,888.25 233.48-233.48 145.54 87.94 24,742.71 995.21 12 1/1/18 24,742.71 233.48-233.48 146.06 87.42 24,596.65 1,082.64 13 2/1/18 24,596.65 233.48-233.48 146.57 86.91 24,450.08 1,169.54 14 3/1/18 24,450.08 233.48-233.48 147.09 86.39 24,302.99 1,255.93 15 4/1/18 24,302.99 233.48-233.48 147.61 85.87 24,155.38 1,341.81 16 5/1/18 24,155.38 233.48-233.48 148.13 85.35 24,007.25 1,427.15 17 6/1/18 24,007.25 233.48-233.48 148.66 84.83 23,858.59 1,511.98
Loan Amortization Schedule Lender name: SCU Enter values Loan summary Contract 25,000.00 Customer: Cash Deposit 0.00 25,000.00 Contract amt-cash deposit Credit Rating: Dealer Fee - 6 % 1,595.74 26,595.74 Option One Contract Amount: Loan amount 26,595.74 16,773.54 Scheduled payment 223.16 Annual interest rate 3.24 % Scheduled number of payments 144 Loan period in years 12 Actual number of payments 144 Number of payments per year 12 Total early payments - 30% Fed Tax 7,978.72 Total interest 1,164.41 Re Amotrizaion 16,773.54 1,843.48 18 mos principle Total principle & interest (loan only) 27,760.15 Start date of loan 1/1/17 9,822.20 w/30% fed tax credit Grand total (cash payment & loan) 27,760.15 Optional extra payments Pmt. No. Payment Date Beginning Balance Scheduled Payment Extra Payment Total Payment Principal Interest Ending Balance Cumulative Interest 1 2/1/17 26,595.74 223.16-223.16 151.36 71.81 26,444.39 71.81 2 3/1/17 26,444.39 223.16-223.16 151.76 71.40 26,292.63 143.21 3 4/1/17 26,292.63 223.16-223.16 152.17 70.99 26,140.45 214.20 4 5/1/17 26,140.45 223.16-223.16 152.58 70.58 25,987.87 284.78 5 6/1/17 25,987.87 223.16-223.16 153.00 70.17 25,834.87 354.94 6 7/1/17 25,834.87 223.16-223.16 153.41 69.75 25,681.46 424.70 7 8/1/17 25,681.46 223.16-223.16 153.82 69.34 25,527.64 494.04 8 9/1/17 25,527.64 223.16-223.16 154.24 68.92 25,373.40 562.96 9 10/1/17 25,373.40 223.16-223.16 154.66 68.51 25,218.74 631.47 10 11/1/17 25,218.74 223.16-223.16 155.07 68.09 25,063.67 699.56 11 12/1/17 25,063.67 223.16-223.16 155.49 67.67 24,908.18 767.23 12 1/1/18 24,908.18 223.16-223.16 155.91 67.25 24,752.27 834.49 13 2/1/18 24,752.27 223.16-223.16 156.33 66.83 24,595.93 901.32 14 3/1/18 24,595.93 223.16-223.16 156.75 66.41 24,439.18 967.73 15 4/1/18 24,439.18 223.16-223.16 157.18 65.99 24,282.00 1,033.71 16 5/1/18 24,282.00 223.16-223.16 157.60 65.56 24,124.40 1,099.27 17 6/1/18 24,124.40 223.16-223.16 158.03 65.14 23,966.37 1,164.41
Solar Program 680+ Credit Scores 84 Months 144 Months 180 Months 240 Months Rate Fee Rate Fee Rate Fee Rate Fee 4.99% 0% 5.99% 0% 6.99% 0% 8.99% 0% 4.99% 4% 5.99% 4% 7.99% 3% 3.99% 7% 4.99% 7% 6.99% 4% 2.99% 10% 3.99% 10% 5.99% 7% 2.99% 13% 4.99% 10% 3.99% 13% 2.99% 16% Rates include a.25% automatic payment discount Solar Loans are secured with a UCC 2 Fixture Filing Approvals are good for 120 days At least one borrower must be listed on the installation property title We offer a free, one-time re-amortization to lower the monthly payment o within the first 18 months of a loan s term o provided 15% of the principle balance is paid Rates for Credit Scores 640-679 are 2% higher for all terms Effective 02/06/17