PERSONAL LOANS

Secured & unsecured loans
Credit building loan options
Special seasonal loans

Use personal loans for almost any purpose: debt consolidation, vacation expenses, home improvement, and more!

We work hard to make your credit union the best place to borrow, no matter what your needs are:

Signature Loans

Based on factors such as your income, current debts and credit history, you could qualify for loans secured only by your signature.

Shared Secured Loans

Get the cash you need without depleting your savings. Borrow up to the balance in your Prime Share or Preferred Savings account at a low interest rate tied to your dividend rate and your shares will be used to secure the loan. Choose a repayment term of up to 7 years!

Credit Builder Loans

The secret to healthy credit is timely payments. Now you can build your credit and pay yourself in the process. We call it the Credit Builder Loan.

Once your application is approved‚ we’ll deposit up to $5‚000 into your share account and pledge it against the loan. That means every payment you make is really being made to yourself. When you’re done repaying the loan‚ you’ll have up to $5‚000 to spend any way you like. And your credit score will have grown too!

Effective May 1, 2017

Type	APR*	Term	Amount
Share Secured	Dividend Rate +2.00%	Up to 7 years	Up to Share Balance***
Credit Builder	Dividend Rate +3.00%	Up to 7 years	Up to $5‚000
Certificate Secured	Dividend Rate +2.00%	Up to Certificate maturity date	Up to Certificate Balance
Line of Credit	8.99%	Revolving†	$500 - $30,000
Signature**	6.99%	Up to 60 months	$500 - $30,000

APR=Annual Percentage Rate. Rates and terms subject to change without notice. Stated APR is the lowest rate available for qualified members. Actual rate may be higher based on income and credit worthiness.
Signature Loan APR reflects 0.25% discount for automatic payment made from member’s LFCU account and established qualified direct deposit into member's LFCU checking account.
Share Secured APR based on dividend tier at time of origination and is adjusted with dividend rate.
†Monthly minimum payment is $30 per $1,000 borrowed.

Overdraft Protection Line of Credit

Overdraft Protection Line of Credit is an open-ended line of credit used in conjunction with a checking account. This protection is activated when you overdraw your account. That means no more bounced checks!

There's no charge to open an Overdraft Protection Line of Credit account. Finance charges accrue only when the account is activated. You must have a checking account and qualify for a minimum line of credit. Maximum line of credit is $30,000. Overdraft Protection Line of Credit is an open-ended line of credit used in conjunction with a checking account. This protection is activated when you overdraw your account.

Share Certificate Loans

Similar to a Share Secured loan, you can borrow up to the balance in your Fixed Rate Certificate. The term of the loan cannot exceed the maturity date of your Variable Rate Certificate.

How do I apply?

1. Complete the online application

2. Send a copy of your Identification (ex: Unexpired Driver’s License, Passport, Resident Alien ID) to consumerloans@lfcu.org:

3. Based on your employment status, also send your Income Verification Documents documents:

Salaried Employees: Last 2 pay stubs (must have employee and employer name and period dates)
Self-Employed: Provide the most recent two years of federal tax returns, including all schedules. If an extension has been filed for last year, please submit a copy of the extension, as well as the previous two years returns.
Annuitant (Federal, Foreign Service, Private SSA): Annual Statement of Annuity or 1099s

Have Questions? Just ask.

Apply for a Loan

Full Rate Details
Account Disclosures

*Stated APR is the lowest rate available for qualified members. Actual rate may be higher based on income and credit worthiness. Stated APR reflects 0.25% discount for automatic payment made from member’s LFCU account and established qualified direct deposit into member's LFCU checking account.

Knowledge is power. Be in the know for financial betterment.

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