Loans
SSFCU provides a convenient and inexpensive source of credit for worthwhile and meaningful purposes. We do this by returning any earnings to our members through higher dividend rates for share accounts and lower interest rates on loans (Visit the LOAN link for more information).
Basic/Initial Qualification include but not limited to:
- Be a Member in good standing
- Fill out a completed Application
- Present proof of income
Mortgages
Your home is likely your largest, most enduring single investment. Whether you’re looking to purchase a new home with a first mortgage, or refinance an existing mortgage, we’ll make the process positive and easy-to-understand.
Loan Rates
Effective June 10, 2025, rates are subject to change.
Loan interest rates could be as low as 2.99% APR (annual percentage rate) up to 18.00%. The actual rate will depend on your individual credit grade (A-B-C-D-F) and the collateral age / value if considered.
We have adopted "risk-based" pricing in order to become the lender of choice for all our members, by offering the best possible rate based on each individual's credit history / score. Certain members represent more risk than others. Less creditworthy members benefit by qualifying for a loan with our Credit Union instead of resorting to higher-cost alternatives such as finance companies. Members with good credit history can qualify for a loan at a competitive rate with us so they do not have to turn to other financing sources.
Other factors that may be involved/considered may be: disposable income, debt-to-income ratio, unsecured credit, etc.
Contact the Credit Union for more information: