Escrow Service

Let us simplify your contract collections...

We currently offer Escrow Service for your personal contract collection needs. We can take the burden off your shoulders to collect payments for a home you've sold.

Per terms of the collection agreement, payments are made by a "buyer" to the credit union. We take care of the payment accounting and disburse the funds to the "seller" of the contract.

Included with the service:

  • Payment coupons
  • Payment receipts
  • 1099 & 1098 Forms

Fees and Charges:

  • Set Up Fee: $125.00
  • Buyer/Seller Assignment - $100.00
  • Cancellation Fee - $60.00
  • Payoff Fee - $25.00

Fees are charged per payment:

  • $5.00 monthly payment fee
  • $15.00 quarterly payments
  • $30.00 semi-annual payments
  • $60.00 annual payments
  • $28 for NSF checks
  • $5 additional check disbursement fee

Rates, terms and conditions are subject to change without notice except as required by law.