Secure First Credit Union offers a full range of loan products with very competitive rates and terms. We are committed to satisfying the credit needs of our membership in the most economical and equitable ways, such as offering fixed rate, simple interest loans with no prepayment penalties. Also available is credit life and credit disability insurance through Minnesota Mutual Life Insurance Company.
Unsecured (Signature) – A closed-end (fixed term) unsecured loan based upon income, indebtedness, and credit history qualifications. You may take up to a maximum of 36 months to repay, dependent upon the amount borrowed. Loan is at a fixed rate of interest.
Line of Credit – An open-end unsecured loan designed for multiple advances requiring minimal time and paperwork. Credit limit established based upon income, indebtedness, and credit history qualifications. Payment amount is based on loan balance. Loan is at a fixed rate of interest.
Overdraft Protection – An open-end unsecured loan designed to guarantee that all debits to your checking account will be covered up to the amount of your established credit limit. When necessary, overdraft protection loan automatically credits your checking account the exact amount needed to cover items. The standard credit limit is $500 with a standard monthly payment of $22.00. Loan is at a fixed rate of interest.
Recreation – Includes new and used motor homes, travel trailers, ATVs, motorcycles, boats, jet skis. You may borrow up to 85% of MSRP/sticker price on new models and, generally, up to wholesale value on used models. Repayment terms vary dependent upon the amount financed. All loans are at a fixed rate of interest.
New Vehicle – Untitled current and previous year models with less than 10,000 miles qualify for our new vehicle rates and terms, including demo and program autos. You may borrow up to 105% of the MSRP and take up to 84 months to repay, dependent upon amount financed. Loan is at a fixed rate of interest.
Used Vehicle – Previously titled vehicles. You may borrow up to 100% of NADA Retail and take up to 72 months to repay, dependent upon the amount financed. Loan is at a fixed rate of interest.
Savings Secured – You may borrow up to the available balance in a savings and/or certificate account. Loan is at a fixed rate of interest equal to the savings/certificate account’s dividend rate plus 2.0%.
Visa Classic Credit Card – Credit limit established based upon income, indebtedness, and credit history. No cash advance fee and a 25-day grace period on purchases. Monthly payment requirement is 3.5% of the outstanding balance, not less than $15.
Visa Secured Credit Card – Credit limit requires 150% secured balance in pledged savings account. Subject to a $25 annual fee. Other standard Visa credit card terms and conditions applicable.
First Mortgages – Several products available to assist with the purchase or refinance of a home, the construction or remodeling of a home, or the purchase of land. Fixed rate and adjustable rate loans available at varying terms up to 25 years, dependent upon the loan type and amount financed.
Second Mortgages – Two types of traditional “home improvement” loans available: (1) a one-time, fixed term, fixed rate loan; and (2) an open-end line of credit, short-term, fixed rate loan. These loans allow you to borrow up to a specific percentage of your home’s appraised value, less the first mortgage balance.
NMLS #'S - SFCU NMLS # 812726, R Furney # 813325