Skip to main content

Knowledge Base Article

Power of Attorney and Loans

Can a Power of Attorney on an account take out a loan for the member?

Delta Community generally does not allow a Power of Attorney to take out a loan for the member. They cannot incur additional debt for the member. In order to authorize another individual to have access to loan account information, make loan payments or transfer money to a loan, you must submit a Loan Authorization form. If the member is not capable of signing the Loan Authorization form (due to incapacity, etc.) and an external Power of Attorney document exists, it can be submitted to the credit union for consideration.