Personal Loans

Home repairs happen. Overdrafts happen. Life happens. LUSO personal loans can help.

Signature Personal Line of Credit

    Overview

    Tap and pay back as needed. Member benefits include:

    • $20,000 loan maximum
    • Revolving line of credit
    • $75 processing fee
    • No annual fee

    View Rates

    As of 4/24/2024

    Minimum LoanMaximum LoanTermRates as low as *APR *
    None$20,000Revolving14.000%14.000%

    APR: Annual Percentage Rate is based on a $5,000.00 loan amount, unless otherwise noted. Daily Periodic Rate: 0.026027%

    Minimum Payment: Your minimum monthly payment will be 2.00% of your daily outstanding balance plus the amount of any prior minimum payments that you have not made or $25.00, whichever is greater.

    *Rates and Annual Percentage Rates.

    All-Purpose Personal Loan

      Overview

      Expand your budget to cover any extra expense. Member benefits include:

      • $1,000 loan minimum; $5,000 loan maximum
      • Loan terms from one to five years
      • $75 processing fee

      View Rates

      As of 4/24/2024

      Minimum LoanMaximum LoanTermRates as low as *APR *Payment Per $1,000 borrowed
      $1,000$5,0001-Year10.750%12.262%$88.27
      $1,000$5,0002-Year11.250%12.052%$46.72
      $1,000$5,0003-Year11.750%12.304%$33.10
      $1,000$5,0004-Year12.250%12.679%$26.46
      $1,000$5,0005-Year12.750%13.104%$22.63

      APR: Annual Percentage Rate is based on a $5,000.00 loan amount, unless otherwise noted.

      *Rates and Annual Percentage Rates.

      Back-to-School Personal Line of Credit

        Overview

        Help defray education-related expenses. Member benefits include:

        • $20,000 loan maximum
        • Revolving line of credit
        • No annual fee

        View Rates

        As of 4/24/2024

        Minimum LoanMaximum LoanTermRates as low as *APR *
        None$20,000Revolving13.000%13.000%

        APR: Annual Percentage Rate is based on a $5,000.00 loan amount, unless otherwise noted.

        *Rates and Annual Percentage Rates.

        Minimum Payment: Your minimum monthly payment will be 2.00% of your daily outstanding balance plus the amount of any prior minimum payments that you have not made or $25.00, whichever greater.

        Loan proceeds must be used for educational purposes.

        Education Loan

          Overview

          A personal loan to cover educational expenses. Member benefits include:

          • $1,000 loan minimum; $20,000 loan maximum
          • Loan terms up to 7 years
          • No processing fee
          • No annual fee

          View Rates

          As of 4/24/2024

          Minimum LoanMaximum LoanTerm Rates as Low as*APR*Payment per $1,000 Borrowed
          $1,000.00$5,000.003 Years12.250% 12.252%$33.33
          $1,000.00$10,000.005 Years12.500%12.502%$22.50
          $1,000.00$20,000.007 Years12.750%12.752%$18.06

          APR: Annual Percentage Rate is based on a $5,000.00 loan amount, unless otherwise noted.

          *Rates and Annual Percentage Rates

          Loan proceeds must be used for educational purposes; financing is available up to a maximum of the full tuition amount.

          Tuition invoice must be presented at closing and payment is applied to the name on the invoice.  

          ALP:  Apply a 0.125% discount with automatic loan payment from a LUSO share draft checking account

           

          Home Improvement Personal Loan

            Overview

            Go ahead, check off a project or two. Member benefits include:

            • $500 loan minimum; $20,000 loan maximum
            • One- to seven-year loan terms
            • $75 processing fee

            View Rates

            As of 4/24/2024

            Minimum LoanMaximum LoanTermRates as low as *APR *Payment Per $1,000 borrowed
            $1,000$20,0001-Year10.750%11.507%$88.27
            $1,000$20,0002-Year10.750%11.151%$46.49
            $1,000$20,0003-Year10.750%11.026%$32.62
            $1,000$20,0004-Year10.750%10.962%$25.72
            $1,000$20,0005-Year11.250%11.425%$21.87
            $1,000$20,0007-Year12.250%12.382%$17.79

            APR: Annual Percentage Rate is based on a $10,000.00 loan amount, unless otherwise noted.

            *Rates and Annual Percentage Rates.

            Overdraft Protection Loan

              Overview

              Avoid the fees and hassles of account overdrafts. Member benefits include:

              • $500 loan minimum
              • Three-year maximum loan term
              • $75 processing fee
              • $25 annual fee

              View Rates

              As of 4/24/2024

              Minimum LoanMaximum TermRates as low as *APRPayment per $1,000 borrowed
              $5003 Years16.250%16.819%$35.28

              *Rates and Annual Percentage Rates. APR: Annual Percentage Rate is based on a $5,000 loan amount, unless otherwise noted.

              Pool/Spa Unsecured Loan

                Overview

                Indulge in a well-deserved luxury. Member benefits include:

                • $1,500 loan minimum; $20,000 loan maximum
                • Five-year term
                • $75 processing fee

                View Rates

                As of 4/24/2024

                Minimum LoanMaximum LoanMaximum TermRates as low as*APR*Payment per $1,000 borrowed
                $1,500$20,0005-Year11.250%12.978%$21.87

                APR: Annual Percentage Rate is based on a $10,000.00 loan amount, unless otherwise noted.

                *Rates and Annual Percentage Rates.

                Energy Loan

                  Overview

                  Invest in energy-efficient home enhancements. Member benefits include:

                  • $500 loan minimum; $10,000 loan maximum
                  • Five-year maximum term
                  • $75 processing fee

                  View Rates

                  As of 4/24/2024

                  Minimum LoanMaximum LoanMaximum TermRates as low as*APR*Payment per $1,000 borrowed
                  $500$10,0005-Year10.250%10.595%$21.37

                  APR: Annual Percentage Rate is based on a $5,000.00 loan amount, unless otherwise noted.

                  *Rates and Annual Percentage Rates.

                  Energy Loan requires proof of purchase; funds are made payable directly to vendor.

                  Term Share Signature Line of Credit

                    Overview

                    Use these secured funds to cover personal expenses. Member benefits include:

                    • 95% value of term share maximum
                    • Revolving line of credit
                    • No processing fee
                    • No annual fee

                    View Rates

                    As of 4/24/2024

                    Minimum LoanMaximum LoanTermRatesAPR
                    None95% Value of Term Share1-Year or Maturity DateTerm Share CD Rate (+) 5.00%Varies

                    APR: Annual Percentage Rate is based on a $5,000.00 loan amount, unless otherwise noted.

                    Annual Percentage Rate Adjustment: The interest rate shall be fixed at a rate of 5.00% above the Certificate of Deposit Rate securitizing this Certificate of Deposit Line of Credit for the life of the loan. Any adjustment in the rate on the Certificate of Deposit being held as collateral against said loan will result in an adjustment on the rate on the line of credit. Any increase in the Annual Percentage Rate will result in an increase of the amount of finance charge and the amount of the monthly payment.

                    Minimum Payment: Your minimum monthly payment will be 2.00% of your daily outstanding balance plus the amount of any prior minimum payments that you have not made or $25.00, whichever greater.

                    Credit Builder Loan

                      Overview

                      Boost your credit score using a share savings account as collateral. Member benefits include:

                      • $500 loan minimum; $2,000 loan maximum
                      • Two-year term
                      • $75 processing fee

                      View Rates

                      As of 4/24/2024

                      Minimum LoanMaximum LoanTermRateAPRPayment per $1,000 borrowed
                      $500$2,0002-Year7.250%9.216%$44.89

                      APR: Annual Percentage Rate is based on a $2,000.00 loan amount, unless otherwise noted. Based on a 2 year term.

                      Proceeds of the loan must be transferred to a LFCU share savings account, earning the standard savings rate, and retained as collateral for the life of the loan. Credit Builder Loan requires an active share draft checking account with automatic loan payment. The funds are released upon successful completion of the loan terms and regular timely payment.

                      Share Secured Loan

                        Overview

                        Borrow funds secured by a savings share account or term share certificate of deposit. Member benefits include:

                        • Maximum of 95% of term share or savings share balance at the time of the loan disbursement
                        • One-year term or maturity date
                        • No processing fee
                        • No annual fee

                        View Rates

                        As of 4/24/2024

                        Share TypeMaximum TermTermRateAPRPayment per $1,000 borrowed
                        Savings95% of Share Balance at Loan Disbursement1 YearShare Savings Rate (+) 6.00%VariesVaries
                        Term Certificate95% of Share/IRA Balance at Loan Disbursement1 Year or Maturity DateTerm Share CD Rate (+) 4.00%VariesVaries

                         APR: Annual Percentage Rate is based on a $5,000.00 loan amount, unless otherwise noted.

                        Annual Percentage Rate Adjustment: The interest rate shall be fixed at a rate of 6.00% above the Share Savings Rate or 4.00% above the Term Share Certificate of Deposit Rate securitizing this loan for the life of the loan. Any adjustment in the rate on the Share Savings or Term Share Certificate of Deposit being held as collateral against said loan will result in an adjustment to the rate on the loan. Any increase in the Annual Percentage Rate will result in an increase of the amount of finance charge and the amount of the monthly payment.

                        Minimum Payment: Your minimum monthly payment will be 2.00% of your daily outstanding balance plus the amount of any prior minimum payments that you have not made or $25.00, whichever is greater.

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