School Employee Products 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. All loans subject to credit approval.

For more information, visit our website at www.schoolsfirstfcu.org or call 800.462.8328.

SchoolsFirst FCU credit cards feature no cash advance, balance transfer, or over-limit fees 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. Foreign Transaction Fee 2% of the transaction amount in US Dollars.

	Annual Percentage Rate (APR)	Maximum Loan Amount	Maximum Term (based on loan amount)	Estimated Monthly Payment
Higher Education Loan  (For Master's and Doctorate Programs) Variable Rate3	5.25%4	Up to $50,000	120 months	$1.07 per $100 borrowed (based on a 120-month term at the discounted rate)5
Special Curriculum Loan6,7	5.95%4	Up to $15,000	60 months	Estimated payment of $1.93 per $100 borrowed based on a 60-month term
Special Curriculum Loan7,8   Variable Rate3	5.25%4	Up to $50,000	180 months (Interest only for 60 months, then amortized for up to 120 months)	Initial interest-only payment $35; amortized payment $241 based on a typical loan of $8,000 for 36 months5
School Employee Mortgage Program	Contact the Real Estate Lending Department at 800.462.8328, extension 8288 or realestateinfo@schoolsfirstfcu.org for details.
Classroom Supplies Loan7,9	0%4	Up to $1,000	10 months	10 monthly payments of $50 per $500 borrowed
Uniform Loan10	0%4	Up to $500	10 months	10 monthly payments of $50 per $500 borrowed
Computer Loan11	5.95%4	Up to $2,500	24 months	$4.43 per $100 borrowed (based on a 24-month term)
STRS/PERS Retirement Credit Personal Loan	5.40% APR4 6.40% APR4 7.40% APR4	Up to $25,000	36 months 48 months 60 months	$3.02 per $100 borrowed $2.37 per $100 borrowed $2.00 per $100 borrowed

†New Summer Saver accounts are limited to current school employees; retired school employees are not eligible. One Summer Saver account per Membership.
††10-mo. employees have 16.7% of their paycheck transferred into their Paycheck Planner; 11-mo. employees have 8.3% of their paycheck transferred into their Paycheck Planner. Early withdrawal penalty: Subject to share certificate early withdrawal penalty and closure of the account. Fees may reduce earnings on the account. Funds in your Paycheck Planner account will transfer to your specified SchoolsFirst FCU share account(s) on your designated transfer date(s). Initial term may vary depending on date account opened, renewing automatically into a 12-month term upon maturity.
1. The Annual Percentage Yield (APY) is accurate as of the last dividend declaration date.
2. Variable rate, subject to increase after account opening.
3. Variable rate; rate and payment subject to increase after consummation.
4. Rate reflects a 0.75% discount for payment made by automatic transfer from your SchoolsFirst FCU account.
5. Estimated payment based on current rates.
6. Must be enrolled in an approved career advancement program.
7. Must be a current school employee to be eligible.
8. Must be enrolled in Doctorate of Education in Educational Leadership; or Masters in Speech and Language Pathology in combination with employment agreement from candidate's district office.
9. Minimum monthly payment for the Classroom Supplies Loan is $50. Requires at least one recently posted payroll deduction or direct deposit of at least $100 into a SchoolsFirst FCU share account. Limit one per calendar year. 
10. Minimum monthly payment for the Uniform Loan is $25. Requires at least one recently posted payroll deduction or direct deposit of at least $50 into a SchoolsFirst FCU share account. Limit one per calendar year.
11. Minimum monthly payment for the Computer Loan is $25.
12. Minimum opening deposit of $50.00 required for this account.
13. Lowest payment factors based on the lowest rate quoted; highest payment factors are based on the highest rate quoted.
14. School Employee Auto Loan with Summers Off. Minimum monthly payment remains the same and interest continues to accrue during the summer months. Loan term will be extended. Original loan term must be 60 months or less.