Signature and Secured Loans
These loans are secured dollar for dollar from your Share, Money Market or Term Share account. They are a good way to establish credit and pay a very reasonable rate. The maximum term for this loan type is 10 years.
Partially Secured Loan
These loans are secured 50.00% (or more) by your Share, Money Market or Term Share account. The maximum term for this loan type is 5 years.
These loans are available for any purpose. Members can borrow up to $14,999.00 for a term of up to five years.
Overdraft/Line of Credit
Academic FCU offers a Line of Credit up to a maximum of $10,000.00. The Line of Credit gives you the freedom to access your credit limit when you need it, with the minimum payment based on your outstanding balance. The Line of Credit can be used as overdraft for your checking account as well.