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Financing options with endless possibilities. It’s good to have choices!

Debt Consolidation

If you'd like to lower your monthly payments, or perhaps lower the Annual Percentage Rate you're paying on those other loans and credit cards, we have just what you need! This is a fixed rate loan that can be set up in a variety of ways. We'll help you choose the best way to get the lowest rate possible.

  • Low fixed rate
  • Comfortable terms
  • No collateral required
  • No loan fees

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Stretch Pay

Have you ever fallen short on funds between paychecks but didn’t want to fall prey to the traditional payday lending trap? A Stretch Pay Loan is different. Similar to a Payday loan, it is a small, short term loan, but there are some key differences. Call the Credit Union about a Stretch Pay Loan today or click below to apply today.

  • Low-cost alternative to payday loans and costly overdraft fees
  • Annual $20 application fee
  • 2% Discount through Payroll Deduction or Direct Deposit
  • Membership must be open for at least 3 months to qualify and be in good standing

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Lifestyle/Signature Loan

This type of loan can be used for a variety of reasons-vacation, education, bill consolidation, home improvement, Christmas shopping and much more. The list goes on and on.

  • Low fixed rate
  • Comfortable terms
  • No collateral required
  • No loan fees

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Share Secured

Need help establishing or re-establishing credit? SFCU’s Share Secured Loan can help! Borrow up to 90% of your available balance in either your regular Credit Union savings or certificate account. Approval is virtually automatic. It's easier to pay back a loan than it is to pay back yourself. The money becomes available in your savings as you pay down the balance on the loan.

  • Low fixed rate
  • Comfortable terms
  • No loan fees

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New Furniture/Computer Loan

Purchase a new computer, furniture, major appliance, or even a new lawn tractor, and finance it with an SFCU Loan. We can finance up to 90% of invoice or $10,000, whichever is less.

  • Low fixed rate
  • Comfortable terms

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Student Loans

Sallie Mae Smart Option Loan

Get the money you need to help make higher education happen. 
Student loans from Summit Federal Credit Union in partnership with Sallie Mae® could help! 

For those attending or borrowing for a student attending a degree-granting institution.

Whether you’re an undergraduate student, graduate student, or parent helping a student pay 
for school, these flexible loans are designed to meet your needs: 

- Competitive variable and fixed interest rates 
- No origination fee or prepayment penalty1 
- Multiple repayment options 

Learn which loan is right for you 

Undergraduate 
Smart Option Student Loan® for Undergraduate Students 
Pay for your bachelor’s, associate’s, or certificate expenses at a degree-granting school 

Graduate 
Graduate School Loan 
Pay for expenses as you pursue your master’s and doctoral degrees 

MBA Loan 
Pay for your business school expenses as you pursue your Masters of Business Administration 
degree 

Medical School Loan 
Pay for your medical degree expenses in allopathic, general, osteopathic, podiatric, radiology, 
sports, and veterinary medicine 

Dental School Loan 
Pay for your dental degree expenses in general dentistry, endodontics, oral and maxillofacial 
surgery, orthodontics, pediatric dentistry, periodontics, and prosthodontics 

Graduate School Loan for Health Professions 
Pay for your health professions degree expenses in allied health, nursing, pharmacy, and other 
graduate-level health programs 

Law School Loan 
Pay for your school and associated expenses as you study for your law degree 

Parents 
Parent Loan 
Help your student by taking responsibility with a loan in your name 

Learn which loan is right for you 

Borrow responsibly 

We encourage students and families to start with savings, grants, scholarships, and federal student loans to pay for college. Students and families should evaluate all anticipated monthly loan payments, and how much the student expects to earn in the future, before considering a private student loan. 

These loans are made by Sallie Mae Bank or a lender partner. Summit Federal Credit Unionis not the creditor for these loans and is compensated by Sallie Mae for the referral of loan customers. 

Smart Option Student Loan and graduate loan products: This information is for students attending participating degree-granting schools. Smart Option Student Loan information is for undergraduates only. Graduate Certificate/Continuing Education coursework is not eligible for MBA, Medical, Dental, and Law School Loans. 
Borrowers must be U.S. citizens or U.S. permanent residents if the school is located outside of the United States. 
Non-U.S. citizen borrowers who reside in the U.S. are eligible with a creditworthy cosigner (who must be a U.S. citizen or U.S. permanent resident) and are required to provide an unexpired government-issued photo ID to verify identity. Applications are subject to a requested minimum loan amount of $1,000. Current credit and other eligibility criteria apply. 

Parent Loan: This loan must be used to pay for eligible student expenses at participating degree-granting schools. 
The student cannot be a borrower or cosigner and is not responsible for repaying the loan. The borrower, cosigner, and student must be U.S. citizens or U.S. permanent residents. If the school issues a refund directly to the student, the borrower and cosigner (if applicable) are still responsible for repaying that amount. Applications are subject to a requested minimum loan amount of $1,000. Current credit and other eligibility criteria apply. 

1 Although we do not charge a penalty or fee if you prepay your loan, any prepayment will be applied as outlined in your promissory note—first to Unpaid Fees and costs, then to Unpaid Interest, and then to Current Principal. 

SALLIE MAE RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS, SERVICES, AND BENEFITS AT ANY TIME 
WITHOUT NOTICE. 

© 2020 Sallie Mae Bank. All rights reserved. Sallie Mae, the Sallie Mae logo, and other Sallie Mae names and logos 
are service marks or registered service marks of Sallie Mae Bank. All other names and logos used are the 
trademarks or service marks of their respective owners. SLM Corporation and its subsidiaries, including Sallie Mae 
Bank, are not sponsored by or agencies of the United States of America. 

 

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