SLFCU Signature Loans allow qualified member's to borrow up to four times their gross monthly income without requiring collateral to secure it. The funds may be deposited into your account, used to pay off or consolidate an existing financial obligation, or issued in the form of a check. SLFCU also offers Signature CreditLines.
Savings-secured loans offer an alternative for those who wish to build credit or obtain a loan at a low rate. Funds in an SLFCU savings account are held as collateral and released as monthly payments are made toward the loan balance.
Certificate loans use a member’s term certificate at SLFCU as collateral. This may be a good option for members who need money but do not wish to incur a penalty for a premature withdrawal from their Certificate. SLFCU also offers Certificate CreditLines.
Important Information About Procedures for Opening a New Account
To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.