Home repairs happen. Overdrafts happen. Life happens. LUSO personal loans can help.
Signature Personal Line of Credit
Tap and pay back as needed. Member benefits include:
As of 11/18/2024
| Minimum Loan | Maximum Loan | Term | Rates as low as * | APR * |
|---|---|---|---|---|
| None | $20,000 | Revolving | 14.000% | 14.000% |
APR: Annual Percentage Rate is based on a $5,000.00 loan amount, unless otherwise noted. Daily Periodic Rate: 0.026027%
Minimum Payment: Your minimum monthly payment will be 2.00% of your daily outstanding balance plus the amount of any prior minimum payments that you have not made or $25.00, whichever is greater.
*Rates and Annual Percentage Rates.
All-Purpose Personal Loan
Expand your budget to cover any extra expense. Member benefits include:
As of 11/18/2024
| Minimum Loan | Maximum Loan | Term | Rates as low as * | APR * | Payment Per $1,000 borrowed |
|---|---|---|---|---|---|
| $1,000 | $5,000 | 1-Year | 10.750% | 12.262% | $88.27 |
| $1,000 | $5,000 | 2-Year | 11.250% | 12.052% | $46.72 |
| $1,000 | $5,000 | 3-Year | 11.750% | 12.304% | $33.10 |
| $1,000 | $5,000 | 4-Year | 12.250% | 12.679% | $26.46 |
| $1,000 | $5,000 | 5-Year | 12.750% | 13.104% | $22.63 |
APR: Annual Percentage Rate is based on a $5,000.00 loan amount, unless otherwise noted.
*Rates and Annual Percentage Rates.
Back-to-School Personal Line of Credit
Help defray education-related expenses. Member benefits include:
As of 11/18/2024
| Minimum Loan | Maximum Loan | Term | Rates as low as * | APR * |
|---|---|---|---|---|
| None | $20,000 | Revolving | 13.000% | 13.000% |
APR: Annual Percentage Rate is based on a $5,000.00 loan amount, unless otherwise noted.
*Rates and Annual Percentage Rates.
Minimum Payment: Your minimum monthly payment will be 2.00% of your daily outstanding balance plus the amount of any prior minimum payments that you have not made or $25.00, whichever greater.
Loan proceeds must be used for educational purposes.
Education Loan
A personal loan to cover educational expenses. Member benefits include:
As of 11/18/2024
| Minimum Loan | Maximum Loan | Term | Rates as Low as* | APR* | Payment per $1,000 Borrowed |
|---|---|---|---|---|---|
| $1,000.00 | $5,000.00 | 3 Years | 12.250% | 12.252% | $33.33 |
| $1,000.00 | $10,000.00 | 5 Years | 12.500% | 12.502% | $22.50 |
| $1,000.00 | $20,000.00 | 7 Years | 12.750% | 12.752% | $18.06 |
APR: Annual Percentage Rate is based on a $5,000.00 loan amount, unless otherwise noted.
*Rates and Annual Percentage Rates
Loan proceeds must be used for educational purposes; financing is available up to a maximum of the full tuition amount.
Tuition invoice must be presented at closing and payment is applied to the name on the invoice.
ALP: Apply a 0.125% discount with automatic loan payment from a LUSO share draft checking account
Home Improvement Personal Loan
Go ahead, check off a project or two. Member benefits include:
As of 11/18/2024
| Minimum Loan | Maximum Loan | Term | Rates as low as * | APR * | Payment Per $1,000 borrowed |
|---|---|---|---|---|---|
| $1,000 | $20,000 | 1-Year | 10.750% | 11.507% | $88.27 |
| $1,000 | $20,000 | 2-Year | 10.750% | 11.151% | $46.49 |
| $1,000 | $20,000 | 3-Year | 10.750% | 11.026% | $32.62 |
| $1,000 | $20,000 | 4-Year | 10.750% | 10.962% | $25.72 |
| $1,000 | $20,000 | 5-Year | 11.250% | 11.425% | $21.87 |
| $1,000 | $20,000 | 7-Year | 12.250% | 12.382% | $17.79 |
APR: Annual Percentage Rate is based on a $10,000.00 loan amount, unless otherwise noted.
*Rates and Annual Percentage Rates.
Overdraft Protection Loan
Avoid the fees and hassles of account overdrafts. Member benefits include:
As of 11/18/2024
| Minimum Loan | Maximum Term | Rates as low as * | APR | Payment per $1,000 borrowed |
|---|---|---|---|---|
| $500 | 3 Years | 16.250% | 16.819% | $35.28 |
*Rates and Annual Percentage Rates. APR: Annual Percentage Rate is based on a $5,000 loan amount, unless otherwise noted.
Pool/Spa Unsecured Loan
Indulge in a well-deserved luxury. Member benefits include:
As of 11/18/2024
| Minimum Loan | Maximum Loan | Maximum Term | Rates as low as* | APR* | Payment per $1,000 borrowed |
|---|---|---|---|---|---|
| $1,500 | $20,000 | 5-Year | 11.250% | 12.978% | $21.87 |
APR: Annual Percentage Rate is based on a $10,000.00 loan amount, unless otherwise noted.
*Rates and Annual Percentage Rates.
Energy Loan
Invest in energy-efficient home enhancements. Member benefits include:
As of 11/18/2024
| Minimum Loan | Maximum Loan | Maximum Term | Rates as low as* | APR* | Payment per $1,000 borrowed |
|---|---|---|---|---|---|
| $500 | $10,000 | 5-Year | 10.250% | 10.595% | $21.37 |
APR: Annual Percentage Rate is based on a $5,000.00 loan amount, unless otherwise noted.
*Rates and Annual Percentage Rates.
Energy Loan requires proof of purchase; funds are made payable directly to vendor.
Term Share Signature Line of Credit
Use these secured funds to cover personal expenses. Member benefits include:
As of 11/18/2024
| Minimum Loan | Maximum Loan | Term | Rates | APR |
|---|---|---|---|---|
| None | 95% Value of Term Share | 1-Year or Maturity Date | Term Share CD Rate (+) 5.00% | Varies |
APR: Annual Percentage Rate is based on a $5,000.00 loan amount, unless otherwise noted.
Annual Percentage Rate Adjustment: The interest rate shall be fixed at a rate of 5.00% above the Certificate of Deposit Rate securitizing this Certificate of Deposit Line of Credit for the life of the loan. Any adjustment in the rate on the Certificate of Deposit being held as collateral against said loan will result in an adjustment on the rate on the line of credit. Any increase in the Annual Percentage Rate will result in an increase of the amount of finance charge and the amount of the monthly payment.
Minimum Payment: Your minimum monthly payment will be 2.00% of your daily outstanding balance plus the amount of any prior minimum payments that you have not made or $25.00, whichever greater.
Credit Builder Loan
Boost your credit score using a share savings account as collateral. Member benefits include:
As of 11/18/2024
| Minimum Loan | Maximum Loan | Term | Rate | APR | Payment per $1,000 borrowed |
|---|---|---|---|---|---|
| $500 | $2,000 | 2-Year | 7.250% | 9.216% | $44.89 |
APR: Annual Percentage Rate is based on a $2,000.00 loan amount, unless otherwise noted. Based on a 2 year term.
Proceeds of the loan must be transferred to a LFCU share savings account, earning the standard savings rate, and retained as collateral for the life of the loan. Credit Builder Loan requires an active share draft checking account with automatic loan payment. The funds are released upon successful completion of the loan terms and regular timely payment.
Share Secured Loan
Borrow funds secured by a savings share account or term share certificate of deposit. Member benefits include:
As of 11/18/2024
| Share Type | Maximum Term | Term | Rate | APR | Payment per $1,000 borrowed |
|---|---|---|---|---|---|
| Savings | 95% of Share Balance at Loan Disbursement | 1 Year | Share Savings Rate (+) 6.00% | Varies | Varies |
| Term Certificate | 95% of Share/IRA Balance at Loan Disbursement | 1 Year or Maturity Date | Term Share CD Rate (+) 4.00% | Varies | Varies |
APR: Annual Percentage Rate is based on a $5,000.00 loan amount, unless otherwise noted.
Annual Percentage Rate Adjustment: The interest rate shall be fixed at a rate of 6.00% above the Share Savings Rate or 4.00% above the Term Share Certificate of Deposit Rate securitizing this loan for the life of the loan. Any adjustment in the rate on the Share Savings or Term Share Certificate of Deposit being held as collateral against said loan will result in an adjustment to the rate on the loan. Any increase in the Annual Percentage Rate will result in an increase of the amount of finance charge and the amount of the monthly payment.
Minimum Payment: Your minimum monthly payment will be 2.00% of your daily outstanding balance plus the amount of any prior minimum payments that you have not made or $25.00, whichever is greater.
Let’s evaluate your needs to ensure you get the best mortgage rates to meet your goals.
