Teacher Loans

Relocation Loan

This loan would greatly benefit new school district employees as they begin their careers. We created this loan to help make housing and relocation expenses more affordable. This low interest loan can be used for expenses such as moving costs, first month’s rent or security deposit, or in any other way you need to comfortably settle into a new home. New teachers will find it a great relief to get a loan for $5,000 with three years to pay it off. The Teacher Relocation Loan gives new teachers who are just starting out a great way to get settled in to their new careers.

APR: 1.99%

RATE RANGE: 1.99% – 9.99%

TERM: 36 months

AMOUNT: up to $5,000

Members are required to have Direct Deposit and set up automatic payment or scheduled transfer (Online Banking).

TERMS AND CONDITIONS: APR = Annual Percentage Rate. Certain credit qualifications may apply. Member must present valid work contract at time of loan origination. Work contract must be dated within 6-months of loan origination. Only one relocation loan may be originated at a time. No loan discounts.

Classroom Supplies Loan

Keeping the classroom supply cabinet fully stocked can be expensive, especially with today’s extensive budget cutbacks. A lot of times teachers have to spend their own money to purchase these supplies and teaching materials for their classroom. We pick up where the school district leaves off. We offer a one-year loan up to $1,000 that we hope will help teachers afford the task of creating a teaching environment that meets their exceptional standards.

APR: 1.99%

RATE RANGE: 1.99% – 9.99%

TERM: 12 months

AMOUNT: up to $1,000

Members are required to have Direct Deposit and set up automatic payment or scheduled transfer (Online Banking).

TERMS AND CONDITIONS: APR = Annual Percentage Rate. Certain credit qualifications may apply. Member must present valid work contract, paycheck stub, or other proof of school district employment at time of loan origination. Only one classroom supplies loan may be originated at a time. No loan discounts.

Professional Development Loan

This is a five-year loan up to $10,000. We understand that pursuing an advanced degree or professional certificate is an expensive endeavor for school employees striving to further their educational career. We want to assist in your efforts to reach your educational goals and offer this loan product to help pay for tuition, books and other expenses associated with continued education.

APR: 1.99%

RATE RANGE: 1.99% – 9.99%

TERM: 60 months

AMOUNT: up to $10,000

Members are required to have Direct Deposit and set up automatic payment or scheduled transfer (Online Banking).

TERMS AND CONDITIONS: APR = Annual Percentage Rate. Certain credit qualifications may apply. Loan only available to current school district employees. Member must present valid work contract, paycheck stub, or other proof of school district employment at time of loan origination. Copy of current tuition expenses must be presented prior to loan. The credit union will refinance original loan on a semester-by-semester basis, based on current tuition expenses, up to $10,000. No loan discounts.

Payment Example: On a loan of $1,000 for 24-months at 3.90% the monthly payment is $43.38

* Available to all school district employees, Terms and conditions subject to change without notification.

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