CW Home Fixture Loans

Cosigning on a loan can sometimes be a tough decision. You may be caught in the middle of trying to help someone who is close to you, but not wanting to risk your credit. Cosigners lend their names and good credit histories to the primary applicant. Should the primary applicant die, lose a job, or otherwise fail to make payments, all responsibility for meeting the terms of the loan transfers to the cosigner. An often-overlooked aspect of cosigning a loan is the fact that the loan appears on both the primary applicant's and cosigner's credit reports.

It is important to remember that when you cosign for a loan you are taking on the same responsibility as the primary borrower with promising to pay the loan in full. When a loan is reported as current or late to the credit bureau it affects each borrower the same. So if a payment is missed or a loan is charged off both borrowers' credit will suffer. Since the loan will show on your credit report it will increase your debt to income ratio, even though you may not be the one making the payments. Debt to income ratio is something that is looked at when you apply for a new loan or credit card,  and in some cases, can be a reason for denial.

• Online or Mobile Banking External Account Transfer - No processing fee 
  • With CWAnyWhere online or mobile app, from your account at another financial institution. This ACH option is recommended. Payments can be authorized as one time or recurring. Payment fees are avoided and account information is available 24/7.  Previously entered payment information and current loan status and history will be available. You will need either the login information for your financial institution or the routing and account number to your external account. Pre-authorization may be required upon first use and can take up to three business days to process if required. 
• Online or Mobile Banking Direct Transfer - No processing fee 
  • With CWAnyWhere online or mobile app 
  • Direct transfer from your CW Checking or Savings. 
• Debit Card - Online or by phone - $5.00 processing fee 
  • With CWAnyWhere online or mobile app 
  • Call us at 1-800-729-6808, press option 2 for loans; option 1 for payments 
• External Account (ACH) Transfer - By phone - $5.00 processing fee 
  • Call us at 1-800-729-6808, press option 2 for loans; option 1 for payments 
  • Please note: You will need the routing and account number to your external account. Pre-authorization is required upon first use and can take up to three business days to process. 
• Mail - No processing fee 
  • CommunityWide FCU, 52550 Fir Rd. Granger, IN 46530 
  • Please send a payment coupon from your monthly statement and include your account and note number on the memo line of your check. 
• In Person 
  • At any CW or CO-OP Shared Branch Office

For step-by-step tutorials on how to make payments and more, visit the CW Learning Center! 

Because the federal government requires that each of the three national credit-reporting agencies—Experian, Equifax, and TransUnion—gives you a free credit report every year, consider staggering the receipt of each of your credit reports. That way, you'll get a continuous picture of how your credit picture looks, because the three bureaus feed each other the latest information. You’ll also be able to clean up errors as you find them (because errors can drag down a credit score) and you'll also keep an eye on identity theft.

To get a free copy of your credit report, visit AnnualCreditReport.com.

No, unfortunately we do not provide copies of credit reports to applicants. However, CW members with CW Checking accounts can get a free copy of their credit report with their ID Protect membership. Simply login here to initiate getting access to your credit report.