top of page

Personal Loan Rates and Applications

Effective May 23, 2016
Signature Loan
An Unsecured loan backed by your signature.  It is a great way to borrow money you need now at a low fixed rate. Term: 12-36 months
Savings and Share Secured Loans
Let your money work for YOU! Use the money you have on deposit in your share certificates to secure a loan and pay only 3% above the dividend rate you are earning. You may also choose to use your regular savings as security for a loan but those rates are subject to change. Funds in your checking and IRA accounts cannot be used as security for this type of loan. Rates as low as 3.00% annual percentage rate
Line of Credit
A revolving credit backed by your signature that can be used for vacations, home improvements or whatever you need.
Select Cash Now
This is our Payday Alternative Loan designed to help with life’s unexpected emergencies such as car repairs, home repairs or to pay off other high rate finance companies. *Must be a member for a minimum of 60 days, 6 months with current employer, other loan restrictions apply, contact Loan Department for complete details. Terms: 6-12 months, Loan Amounts: $300-$1,000 Application fee: $20 (non-refundable), Rates may vary from 18%-28%.
Personal Loans. A man and a woman review a loan document.

Personal Loan Rates and Applications

Guaranteed Asset Protection (GAP)

Click here for more information PDF | Word

Protects you if your vehicle is stolen, accidentally damaged beyond repair, or otherwise declared a total loss, because your auto insurance will cover the replacement value only. You will remain liable for payment of the difference between the insurance settlement and your loan balance. This difference could easily amount to thousands of dollars. Purchasing GAP for just a few dollars a month will protect you against this kind of unexpected expense. If you have GAP, the difference between your loan balance and the insurance settlement could potentially be paid in full! Your premiums for GAP can be included in your monthly loan payments.

Additional Benefits include $500 assistance towards your insurance deductible, and $2,500 towards the purchase of a replacement vehicle.

Extended Warranty

Click here for more information PDF | Word

MEMBER’S CHOICE® Mechanical Repair Coverage can help deflect some risk of costly future, covered repairs keeping your vehicle running extra miles and extra years. With different coverage levels and deductibles to choose, there’s a plan to fit your family’s budget.

Whether you depend on your vehicle for work or getting your family to school and activities, you need transportation that’s safe and reliable. The older your vehicle, the more it takes to keep it in good working order. Not making small repairs can lead to even more expensive repairs and ignoring other repairs can be dangerous.

Student Loan

The Smart Option Loan® for members of Select FCU by Sallie Mae® is for borrowers attending degree-granting institutions. Pay for college the smart way with three great repayment options and competitive rates! This loan is an ideal solution to help you pay for college expenses not covered by scholarships and federal loans. To learn more or to apply, please get started here.

The Smart Option Student Loan Features and Benefits

  • Multiple in-school repayment options plus a choice of competitive fixed and variable interest rates provides even more flexibility

  • No origination fees and no prepayment penalty

  • Rewards and interest rate reductions available

  • Rates that reward creditworthy borrowers

  • Applying with a creditworthy cosigner may help you qualify

  • 100% US-based Student Loan Specialists

*We are compensated for the referral of Smart Option Student Loan customers.

Select Federal Credit Union Logo


Routing number: 314088666

bottom of page