Loans & Credit
Loans for every need... or want
We’re for people with plans, whatever they are. We all love to
dream bigger, brighter and always better. We’ll work with you to
make that dream, however crazy, a reality.
Auto & Recreational Loans
Auto & Motorcycle Loans
- Fixed loans from $1,500 to $250,000
- Repayment terms from 12 to 84 months1
- First-time buyers program
- Mechanical Breakdown Protection (MBP)
- Guaranteed Asset Protection (GAP)
1Estimated monthly payment per $1,000 on a 60-month term at 3.99% APR is $18.42 and subject to change.
Auto Leases
Our CULA (Credit Union Leasing of America) participating dealers can help you find the car and assist you through the leasing process. Here’s how it works…
- You choose one of our Preferred Auto Lease Dealers below
- They’ll help you find an affordable lease that fits your needs
- They’ll submit your lease application to us at the Credit Union
- If approved, we’ll take care of the paperwork directly with the dealer
- And you can start enjoying your new car!
RV, Boat & Dirt Bike Loans
- New and used, dealers and private parties welcome
- Fixed loans from $2,500 to $250,000 with repayment terms from 36 to 180 months1
- 90% Loan to Value (LTV) maximum
- No prepayment penalty
- Guaranteed Asset Protection (GAP)
1Estimated monthly payment per $1,000 on a 12-month term at 5.49% APR is $85.84 and subject to change.
Credit Cards
Visa Credit Cards
| Platinum Apply for a Visa | Secured Platinum Apply for a Visa | |
|---|---|---|
| Perfect for... | ...those who want a great card with the lowest APR | ...those establishing or re-establishing credit |
| Introductory rate Loan Rates | 2.90% for six billing cycles1 | |
| Annual fee | $0 | $0 |
| Limit amounts | $250 to $50,000 | $250 to $50,000 |
| Balance transfers & cash advances | 3% fee ($10 minimum) | |
| Digital Banking Digital Banking & Security | ||
| Identity theft monitoring ID Navigator Powered by NortonLifeLock | ||
| Extended purchase warranties | ||
| Travel and rental insurance |
1Standard introductory period is six billing cycles, after which balances are converted to a variable rate that varies with the market based on Prime Rate plus a margin. Foreign Transaction fee is 1%.
Home & Energy Loans
Home Equity Loans
There’s no place like home. We’re able to offer loans in California and Nevada.
Home Equity Loans - Comparison Table
| Interest-Only HELOC Apply now! | Traditional HELOC Apply now! | Home Equity Loan Apply now! | |
|---|---|---|---|
| Perfect for... | ...those who want more time to repay | ...those who want funds as needed | ...those who want funds up front |
| Rate type Loan Rates | Variable | Variable | Fixed |
| Limit amounts | $25k to $250k1 | $25k to $250k2 | $25k to $250k3 |
| Owner Occupied LTV4 Non-Owner Occupied LTV | Up to 80% NA | Up to 80% Up to 70% | Up to 80% Up to 70% |
| Draw period | 10 years | 10 years | NA |
| Repayment period | Up to 20 years | Up to 10 years | Up to 20 years |
| Prepayment penalty | None | None | None |
| Digital Banking Digital Banking & Security |
1Rates range from 8.75% to 11.00% APR based on Prime Rate and creditworthiness. Prime Rate as of 7.26.23 is 8.50% APR. APR = Annual Percentage Rate. No annual rate cap and lifetime rate cap of 18.00%. Processing fees can range from $487 to $1,337 for California and $312 to $1,192 for Nevada, paid by the borrower. Additional fees may apply subject to type and evaluation of property, ownership and lien status. Manufactured and mobile homes are not eligible.
2Rates range from 8.50% to 13.50% APR for owner occupied and 9.50% to 11.50% APR for non-owner occupied; based on Prime and creditworthiness. Prime Rate as of 7.26.23 is 8.50% APR. APR = Annual Percentage Rate. Annual rate cap is 2.00%; lifetime rate cap is 6.00% above the initial rate at the time of funding. Processing fees can rage from $487 to $1,337 for California and $312 to $1,192 for Nevada, paid by the borrower. Additional fees may apply subject to type and evaluation of property, ownership and lien status. Manufactured and mobile homes are not eligible.
3Estimated monthly payment based on a $25,000 loan for 10 years at 9.25% APR is $320.18 and subject to change. APR = Annual Percentage Rate. Processing fees can range from $487 to $1,337 for California and $312 to $1,192 for Nevada, paid by the borrower. Additional fees may apply subject to type and evaluation of property, ownership and lien status. Manufactured and mobile homes are not eligible.
4LTV = Loan to Value.
Home Mortgage Loans
There’s no place like home. That’s why we offer the services of our credit union owned mortgage company, Community Mortgage Funding (CMF).1 Buy or refi… either way, our Home Mortgage Loan products are designed to help get you moving – and we’re able to offer loans in AZ, CA, CO, IL, KS, MI, MN, NV, NJ, OH, OK, OR, PA, TX and WA. Let us help open the door to your new home.
- Conventional, Jumbo & High Balance Loans
- FHA, VA & USDA Loans
- Reverse Mortgages
- Adjustable Rate Mortgage (ARM) Loans
- Ask us about closing cost and down payment assistance programs for California and Nevada.
Do you need a real estate agent? Let our CMF Home Rewards Program pair you with a trusted, local real estate agent, while saving money on buying and/or selling your home!
Let’s get started!
Prefer to connect on the phone? Call an agent direct at 877.915.3030.
Visit our online mortgage center to learn more about your financing options. Members with current loans, click here to make a payment.
1Community Mortgage Funding (CMF) is our credit union owned mortgage company. CMF state licensing.
Energy Loans
Energy Loans - Comparison Table
| Energy Loans1 Call Us to Apply | |
|---|---|
| Perfect for... | ...those creating a sustainable home |
| Variety of loan options | |
| No down payment | |
| No prepayment penalty |
1Loan secured by a UCC filing.
Personal Loans
Credit Builder Loan
We get it, life happens. And sometimes that means your credit score might need a little help.
Credit Builder is a loan designed to help those with no credit or colorful credit.
Here’s how it works…
- We give you a loan and deposit the funds in an SCE Credit Union Savings account in your name, where it earns dividends
- You make on-time monthly payments based on simple terms we both agree upon
- As you repay, we report your good payment history to the credit bureaus, which helps build your credit
- As you make payments, the funds are made available to you1 – or you can leave the money in the account for whatever you choose
1Amount of funds made available to withdraw is based on payment amount, interest paid, and dividends earned.
Lines of Credit & Signature Loans
Lines of Credit & Signature Loans - Comparison Table
| Line of Credit Apply for a Line of Credit | Signature Loan Apply for a Signature Loan | Certificate-Secured Loan Apply for a Secured Loan | |
|---|---|---|---|
| Perfect for... | ...those who want to use the funds as needed | ...those who want all of the funds up front | ...those who want to borrow against their Certificate savings |
| Limit amounts | $250 to $25,0001 | $500 to $50,00012 | 100% of funds on deposit |
| Terms Loan Rates | Variable loan | Fixed loan from 12 to 60 months3 | Fixed loan4 |
| Digital Banking Digital Banking & Security |
1Loan amount based on creditworthiness and ability to repay. 2Debt consolidation may require financial counseling. 3Estimated monthly payment per $1,000 on a 24-month term at 8.50% APR is $45.46 and subject to change. 4Interest must be paid annually, if not on a repayment plan.
Quinceañera Loan
Give her the celebration of her dreams, without losing sleep over how to pay for it.
Applying is easy – with a valid Social Security number or ITIN.
1Maximum loan amount based on individual qualifications and ability to repay. 2Estimated monthly payment per $1,000 on a 12-month term at 8.50% APR is $87.20 and subject to change. Rates as low as 8.5% APR as of 12.8.22 on terms up to 24 months; rates subject to change and are based on individual credit. Longer terms available at higher rates with set minimum loan amounts.
Teen Loans & Credit
Teen Credit Builder Loan
This loan is one of the best ways to build credit for a teen who’s 16 or 17 years old… and can help build their savings at the same time.
Here’s how it works:
- We deposit $250 into an SCE Credit Union Savings account in their name, where it earns dividends
- They make on-time monthly payments of $29, based on simple terms we all agree upon
- As payments are made, we report the good payment history to the credit bureaus
- The funds that have been repaid are then made available to spend – or the money can be left in the account to earn more dividends
Pro Tip! Help them set up a monthly automatic transfer from their Teen Checking account to ensure payments are made on time, helping to build their good payment history. Too easy!
Teen Visa Credit Card
Teen Visa Credit Card - Table
| Teen Platinum Apply for a Teen Visa | |
|---|---|
| Perfect for... | ...a teen ages 16 to 17 who want to start establishing credit |
| Introductory rate Loan Rates | 2.90% for six billing cycles1 |
| Annual fee | $0 requires a parent or guardian joint owner |
| Limit | $500 |
| Cash Advance Fee | 3% ($10 minimum) |
| Foreign Transaction Fee | 1% |
| Requirements | Parent must be on the account and meet credit qualifications |
| Digital Banking Digital Banking & Security | |
| Identity theft monitoring ID Navigator Powered by NortonLifeLock | |
| Extended purchase warranties |
1Standard introductory period is six billing cycles, after which balances are converted to a fixed rate based on Prime Rate plus a margin.
Teen Auto Loan
- New or used cars
- Low interest rates
- Loans up to $25,000
- Repayment terms up to 72 months1
- Teen must be at least 16 years old to apply
- Parent required on account and must meet credit qualifications
- Guaranteed Asset Protection (GAP)
- Mechanical Breakdown Protection (MBP)
1Estimated monthly payment per $1,000 on a 60-month term at 3.99% APR is $18.42 and subject to change.
