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Types of Loans

For any of our loans you must be a member of this credit union.

  • You may join if you are employed by the University of Pennsylvania, University of Pennsylvania Health Systems or its affiliated institutions.

  • You may submit a loan application with a $5.00 cash deposit to open your account if you have the minimum of six (6) months employment within our field of membership or 2 yrs minimal for Easy Credit Loan. 

  • Submit application with most recent pay-stub. 

  • Processing within 48 hours with no problems.  (Does not apply to Easy Credit Loans.) 

Fully Secured
  You can borrow up to the amount of your savings.  Your savings are frozen as collateral against the loan balance.
Holiday / Vacation Loan
  You must have excellent credit history.  No shares are pledged.  Maximum $10,000 minimum $1,000.  Maximum repayment period is 12 months.  Holiday loans start October 1st and end February 28th.  Vacation loans start March 1st and end September 30th.
Extended Holiday / Vacation Loan
  You must have excellent credit history.  No shares are pledged.  Maximum $10,000 minimum $1,000.  Maximum repayment period is 24 or 36 months. 
Home Equity Loan
  No shares pledged.  Minimum $5,000 maximum $150,000.  Finance 80% of current appraisal minus current mortgage balance up to $150,000. $250 non-refundable processing fee WAIVED. Allow 30 days processing after receipt of application. 
New Car Loan
  No shares pledged.  Bring in Dealer write-up.  Check is made payable to the dealer.  We finance 90% of purchase price up to $45,000.   We offer pre-approvals.
Used Car Loan
  No shares pledged.  Bring in Dealer write-up.  Check is made payable to the dealer.  We finance 90% of purchase price up to $20,000.  Car cannot be older than 3 years. We offer pre-approvals.
Debt Consolidation Loan
  Maximum is $10,000 repayable over a 3, 4, or 5 year period.  Bring all bills to be paid with this loan.  Checks will be made payable to you and the individual creditors and mailed from this office.  Rates depend on term and amount of loan.
Computer Loan
  No shares pledged.  You must bring in write-up for computer you are buying.  Check made payable to you and computer store.  Maximum is $5,000 for a maximum of 36 months.
Personal Loan
  10% of the loan balance has to be pledged in shares as collateral. Maximum is $10,000 with a repayment period of 5 years.
Line of Credit Loan
  No shares pledged.  Maximum is $10,000.  Once approved for this loan you must be eligible to receive advances in the minimal amounts of $200.  Must have good credit history.
Easy Credit Loan
  Limited to 1 loan every 4 months. $1,500 or $1,000 repayable in 4, 6 or 12 months.  You must already be on payroll deduction, have $250 or $400 in savings, 24 months of employment, and cannot have any other loan or credit card with us.  If you have no credit problems, apply for one of the other loans at a lower interest rate.  **Applications will be processed within 5 business days.
   

Calculators are not guarantees of credit.

Loans Calculator

You must have Internet Explorer 5.0 or higher for this calculator to work properly.  Fill in any three parameters and the fourth value will be computed.  The payment amount calculated is an approximation and may vary from the actual payment amount disclosed.

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Mortgage Calculator
    
This calculator calculates monthly mortgage payments based on principal, interest and term.  Replace the numbers in the boxes with appropriate numbers for your expected mortgage amounts.  The payment amount calculated is an approximation and may vary from the actual payment amount disclosed.
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Loan Application in PDF Format