You’ve booked the sales, but your commissions have yet to arrive. Let RCU help with a Commission Advance Loan. You can borrow against any commissions that are pending within 120 days, and have up to $5,000 deposited directly into your RCU checking account. (Amount varies by broker.)

Commission Advance Loans are made to Realtors®; we also offer auto loans, home equity loans, and other loans.

Rates

APR: 6.25%

Administration Fee:
Up to $79 per advance

APR=Annual Percentage Rate
Rates current as of 8/3/2009
Last changed on 8/3/2009
The above rate is set at 3% above the Prime rate at the time of the loan being funded. Effective 8/3/2009 that rate was 6.25% but is subject to change without notice based on any change to Prime rate as posted in the Wall Street Journal.

Commission Advance Qualifications:

Commissions must be pending within 120 days.
Broker must be set up with the Commission
   Loan Program through RCU before you can
   apply for a Commission Advance Loan.
The minimum loan amount is $1,000, and the
   maximum, which varies from broker to broker,
   is generally $5,000.
You must maintain an RCU savings account,
   complete a loan application, and sign a lending
   agreement the first time you apply.