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Loans

Founded on the basic democratic premise of the cooperative movement, your Credit Union 
believes that access to low-cost financial services is critical to the health and stability of ordinary citizens. Credit union membership offers many benefits. Services offered range from simple savings to consolidation loans. Study after study has revealed that, on average, credit unions provide the best financial offerings with fewer fees, lower rates on loans and higher rates on savings.

Auto Loans

The St. Thomas Federal Credit Union allows members to apply for a loan to purchase cars or pick-up trucks. *

 

  • The maximum amount financed for a New Auto Loan is $50,000.00. 
  • The maximum amount financed for a Used Auto Loan is $35,000.00.

 

*Loan subject to credit approval. Restrictions may apply.

Unsecured Loans

You can apply for a Unsecured Loan once membership has been established.*

 

*Loan subject to credit approval. Restrictions may apply.

Payday Loans

The St. Thomas Federal Credit Union offers a Payday Loan to any member that has a personal emergency or an urgent need for cash. Loan amount from $300.00 - $1,000.00.*

 

*Loan subject to credit approval. Restrictions may apply.

Share Secure Loans

Share secured loans can be obtained from the Credit Union. These loans are secured by shares in the member's account.*

 

*Loan subject to credit approval. Restrictions may apply.

Revolving Credit Loans

The Revolving Credit Loan Program is a revolving loan that allows members to make advances based on their loan's high credit limit balance in installments of $500.00 as needed.

The maximum credit limit is $15,000.00.*

 
*Loan subject to credit approval. Restrictions may apply.

Vacation Loans

APR as low as 8% with max amount of $3000 for 24 months.*

 

*Loan subject to credit approval. Restrictions may apply.

Emergency Loans

An emergency loan will be an additional loan granted to a member who can present documentation of a need for medical reasons, birth, or death. The maximum amount given for this loan is $3,000.00.

Auto Insurance Loan

The St. Thomas Federal Credit Union offers Auto Insurance Loans to any member that has a car loan with the Credit Union or another financial institution for the sole purpose of purchasing auto insurance.

Maximum Loan Limits

Following are the loan amounts that are available to members provided the criteria for each loan is met:

  • New Auto Loan $50,000.00
  • Used Auto Loan $35,000.00
  • Revolving Credit Loan $15,000.00
  • Installment Loans $30,000.00
  • Carnival Loan $3,000.00
  • Vacation Loan $3,000.00
  • Education Loan $3,000.00
  • Christmas Loan $3,000.00
  • Pay Day Loan up to $1000.00
  • In-House Consolidation No Maximum
  • Consolidation up to $30,000.00
  • Auto Insurance Loan No Maximum
  • Share Secured Loan No Maximum

The Loan Officer and Credit Committee reserves the right to ask for security on any loan, regardless of the amount.

Find what you need?

You can apply right now through our easy online loan application process!