CREDIT CARD AND PERSONAL LOAN
RATES & TERMS
Rates quoted are effective as of 4/18/2024 and are subject to change without notice.
SchoolsFirst FCU’s loan program features a range of interest rates for some of its consumer loans. A rate is based on a variety of factors, including the applicant’s credit rating. Loan terms are based on various factors, including the amount financed.
SchoolsFirst FCU's maximum aggregate personal loan limit is $50,000 per qualifying Member, including all individual and joint personal accounts.
All loans and credit cards are subject to credit approval.
For more information, visit our website at www.schoolsfirstfcu.org or call (800) 462-8328.
Credit Cards
| Credit Cards | Range of Rates | Maximum Loan Amount | Monthly Payment |
|---|---|---|---|
| Inspire Mastercard | 13.75% - 17.90% APR | Up to $35,000.00 | 2% of the statement balance or $25, whichever is greater |
| School Employee Mastercard | 11.75% - 17.90% APR | Up to $35,000.00 | 2% of the statement balance or $25, whichever is greater |
| Rewards Mastercard | 15.00% - 17.90% APR | Up to $35,000.00 | 2% of the statement balance or $25, whichever is greater |
| Share-Secured Mastercard | 13.90% APR | Up to $5,000.00 | 2% of the statement balance or $25, whichever is greater |
| Credit Cards | |
|---|---|
| Inspire MasterCard | |
| Rates | 13.75% - 17.90% APR |
| Max Amt. | Up to $35,000.00 |
| Monthly Payment | |
| 2% of the statement balance or $25, whichever is greater | |
| School Employee Mastercard | |
| Rates | 11.75% - 17.90% APR |
| Max Amt. | Up to $35,000.00 |
| Monthly Payment | |
| 2% of the statement balance or $25, whichever is greater | |
| Rewards Mastercard | |
| Rates | 15.00% - 17.90% APR |
| Max Amt. | Up to $35,000.00 |
| Monthly Payment | |
| 2% of the statement balance or $25, whichever is greater | |
| Share-Secured Mastercard | |
| Rates | 13.90% APR |
| Max Amt. | Up to $5,000.00 |
| Monthly Payment | |
| 2% of the statement balance or $25, whichever is greater | |
Personal Loans
| Loan Type | Range of Rates | Maximum Loan Amount | Monthly Payment |
|---|---|---|---|
| Overdraft Protection LoanAutomatic payment transfer required. | 11.50% - 17.90% APR | $5,000.00 | 3% of the statement balance or $25, whichever is greater |
| Personal Loan | 9.99%2 - 18.00% APR | $50,000.00 | Estimated payment of $3.23 - $3.62 per $100 borrowed (based on a 36-month term) |
| Payroll Savings Loan3 | 17.90% APR | $500.00 | Ask for details |
| Loan Type | |
|---|---|
| Overdraft Protection LoanAutomatic payment transfer required. | |
| Range of Rates | 11.50% - 17.90% APR |
| Maximum Loan Amount | $5,000.00 |
| Monthly Payment | |
| 3% of the statement balance or $25, whichever is greater | |
| Personal Loan | |
| Range of Rates | 9.99%2 - 18.00% APR |
| Maximum Loan Amount | $50,000.00 |
| Monthly Payment | |
| Estimated payment of $3.23 - $3.62 per $100 borrowed (based on a 36-month term) | |
| Payroll Savings Loan3 | |
| Range of Rates | 17.90% APR |
| Maximum Loan Amount | $500.00 |
| Monthly Payment | |
| Ask for details | |
Certificate-Secured Loan
| Certificate-Secured Loan | ||
|---|---|---|
| Certificate-Secured4 | 2.5% above the rate on your Share Certificate | Ask for details |
| Certificate-Secured Loan | |
|---|---|
| Certificate-Secured4 | |
| Rates | 2.5% above the rate on your Share Certificate |
| Ask for details | |
APR = Annual Percentage Rate
- Variable rate, subject to increase after account opening. Share-Secured Mastercard - The APR is currently fixed and will remain fixed for a minimum of one-year after account opening. The APR is subject to change thereafter.
- This rate reflects a 0.75% discount for payment made by automatic transfer from your SchoolsFirst FCU account.
- Rate subject to change. Five percent of every loan advance will be placed in a "Payroll Savings Share account." Access to this share account will be restricted for 12 months after the opening date of the loan.
- You may only use funds in a Share Certificate account (except for Promotional Share Certificates, College Saver, IRA or Deferred Compensation Share Certificates) as specific collateral for a Certificate-Secured loan. Certificate-Secured loans are not available on organizational or business accounts.