I have very little or limited credit history, can I apply for a loan with a Co-Signer?
Yes, on most products we do accept applications with Co-Signers to strengthen the application that lacks credit history or length of employment. Careful consideration should be given when applying to co-sign for a loan since the Co-signer is responsible for making the payments in the event the loan is past due. Payment history will be reported to the credit reporting agencies for all borrowers including the Co-Signer. Also, the Co-Singer must also be eligible for membership within North Island Credit Union and be available to sign the required loan documents.