Star One Credit Union
Loans
Font SizesmallmediumlargePrint This Page

Personal and Other Loans

The Credit Union offers a variety of loans to meet your individual financial needs.

Credit Lines

You can use a revolving line of credit for vacations, home decorating, computers, or even to pay off higher rate credit cards. It also provides overdraft coverage for your Star One Checking Account. The maximum line is $40,000 and the minimum line is $1,000. The interest rate on quarterly variable rate loans is determined by an index. The Annual Percentage Rate (APR) is determined by adding 5% to the most recent value of the Prime Rate published in the Money Rates column of the Wall Street Journal 10 days preceding the first day of the months of January, April, July and October and rounded to the nearest quarter of a percent.

Apply online for a Credit Line.
 

Personal Loans

Fixed rate loans that can be used for any purpose. Members sometimes choose this loan for a particular purchase or a debt that they wish to pay in a specific period of time. The maximum loan is $40,000 and the minimum loan is $100 with a maximum term of 4 years.

Apply online for a Personal Loan.

Important note:  The maximum loan amount any individual member may borrow for Lines of Credit, Personal Loans, and Visa Credit Cards combined is $40,000.

 

Savings Secured Loans

Variable rate loans secured by the member's savings. Maximum loan up to 100 percent of the member's savings, less $50. The maximum term is 7 years, or a one-year lump sum payment.

Apply online for a Savings Secured Loan.

 

Disaster Loans

Fixed rate loans available to pay for losses or expenses resulting from a disaster. To qualify, the emergency must be declared a disaster by a state governor or the President of the United States. The maximum loan is $25,000, the minimum loan is $100 with a maximum term of 7 years. Contact us and you will hear back from us within two business days. Be sure to use our Loan Calculator to figure your loan payments.

It is very important to make educated financial decisions during this or other challenging times. If you need financial advice or counseling services, check out our Balance Program.

 
*APR = Annual Percentage Rate.

 

Loans
NCUAEqual Housing Lender
Privacy  |  Security  |  Rates  |  Disclosures  |  Calculators  |  Help  |  Site Map
© 2014 Star One Credit Union. All rights reserved.