Credit Card and Personal Loan Rates & Terms
Rates quoted are effective as of date 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 subject to credit approval.
For more information, visit our website at www.schoolsfirstfcu.org or call 800.462.8328
.
| |
Range of Rates |
Maximum Loan Amount |
Monthly Payment |
|
Inspire Mastercard
No annual fee; variable rate.1
|
10.25% –
17.90% APR |
Up to $25,000 |
2% of the statement balance or $25, whichever is greater |
|
School Employee Mastercard
No annual fee; variable rate.1
|
9.25% –
17.90% APR |
Up to $25,000 |
2% of the statement balance or $25, whichever is greater |
Rewards Mastercard
No annual fee; variable rate.1 |
13.25% – 17.90% APR |
Up to $25,000 |
2% of the statement balance or $25, whichever is greater |
|
Share-Secured Mastercard
No annual fee; currently
fixed rate.
|
13.90% APR |
Up to
$5,000 |
2% of the statement balance or $25, whichever is greater |
SchoolsFirst FCU credit cards feature no fees on cash advances, balance transfers, or over-limit transactions and a 25-day grace period on new purchases when the entire balance is paid in full by the payment due date each month and your previous balance is zero or a credit balance. For Inspire, School Employee and Share-Secured: Foreign Transaction Fee 2% of the transaction amount in US Dollars.
| |
Range of Rates |
Maximum Loan Amount |
Monthly Payment |
Overdraft Protection Loan
Automatic payment transfer required. |
12.90% – 17.90% APR |
$5,000 |
3% of the statement balance or $25, whichever is greater |
| Personal Loan |
7.95%2 –
18.00% APR |
$50,000 |
Estimated payment of
$3.13 – $3.62 per $100 borrowed (based on a 36-month term) |
| Payroll Savings Loan3 |
17.90% APR |
$500 |
Ask for details |
| Certificate-Secured |
2.5% above the rate on your Share Certificate |
Ask for details |
APR = Annual Percentage Rate
1Variable rate, subject to increase after account opening.
2This rate reflects a 0.75% discount for payment made by automatic transfer from your SchoolsFirst FCU account.
3Rate 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.
