Need a loan? Credit union discounts rates
If you need a loan, be sure to check the loans offered by the St. Thomas Employee Federal Credit Union: signature loans, personal computer loans, new-and-used vehicle (no salvage vehicles) loans, and share-secured loans.
All CU regular rates currently are being discounted, using the applicant's BEACON (credit) score as a part of the equation – the better the credit, the bigger the discount. All rates are fixed, and automatic payroll deduction is available for convenient repayment of loans.
The decision on each loan application is based on credit history, both at the CU and as determined by a current credit report; debt-to-income ratio, using the new loan in the debt total, also may be used. The CU must follow guidelines set down by the National Credit Union Administration's federal examiners and is responsible to all CU members to lend prudently as the only funds it has available to lend are those that other CU members have deposited into their share accounts.
Questions? Stop by the CU office at Room 209, Loras Hall, during open hours (from noon to 3 p.m. Mondays and from 10 a.m. to 1 p.m. Tuesdays, Thursdays and Fridays); call (651) 962-6660; or e-mail creditunion@stthomas.edu any time.
