With a Passbook Loan, funds in your Passbook savings account are used to secure the loan. When the loan is paid, you still have your cash! This loan is great when you are in need of financial flexibility or looking to rebuild credit.
Must maintain a $5.00 minimum balance in the account in addition to any funds used as collateral for the loan.
Rates and terms are subject to change without notice.
Minimum loan amount is $250 and maximum amount is $30,000.
This was the first time I had purchased a vehicle without going through a dealer for financing. When I went to the Credit Union I was seen immediately by the Loan Department. The Loan Officer was very knowledgeable. I was given a list of documents to gather and was promptly taken care of when I returned with them. My wife will be contacting your office about refinancing her student loans.
SFCU Member
Our friend mentioned how great SFCU was to work with. The staff makes you feel welcome. Working with the mortgage team was great and very helpful.
SFCU Member
In my 30+ years in Somerset, I have never seen a financial institution with such great service. Keep up the great work, you have a great deal to be proud of.
SFCU Member
Our Loan Officer, Arlene, was so nice to work with. Her knowledge of the loan process and her ability to listen for what we wanted in a mortgage made the transition go smoothly. A very nice experience.
SFCU Member
