Personal Loans

When you need additional funds, we can help you afford unexpected expenses or costs outside your budget with secured and unsecured loans. Have a question about our posted rates? To discuss your options with our experienced lending specialists, please contact us. 

Signature Personal Line of Credit

Use and repay allotted funds on an as-needed basis.

  • $20,000 loan maximum
  • Revolving line of credit
  • $75.00 processing fee
  • No annual fee

Effective Date: Saturday, December 2, 2023

Signature Personal Line of Credit
Minimum LoanMaximum LoanTermRates as Low as*APR*
None$20,000.00Revolving14.000%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. Rates quoted require automatic payments from a Luso Federal Credit Union share draft checking account. Rates are increased by 0.25% if automatic payment is not set up.

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All Purpose Personal Loan

Cover surprise and expected costs with supplemental funds when needed.

  • $1,000 loan minimum; $5,000 loan maximum
  • Loan terms from one to five years
  • $75.00 processing fee

Effective Date: Saturday, December 2, 2023

All Purpose Personal Loan
Minimum LoanMaximum LoanTermRates as Low as*APR*Payment per $1,000 Borrowed
$1,000.00$5,000.001 Year10.750%12.262%$88.27
$1,000.00$5,000.002 Year11.250%12.052%$46.72
$1,000.00$5,000.003 Year11.750%12.304%$33.10
$1,000.00$5,000.004 Year12.250%12.679%$26.46
$1,000.00$5,000.005 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. Rates quoted require automatic payments from a Luso Federal Credit Union share draft checking account. Rates are increased by 0.25% if automatic payment is not set up.

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Back to School Personal Line of Credit

Assists with education-related expenses.

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

Effective Date: Saturday, December 2, 2023

Back to School Personal Line of Credit
Minimum LoanMaximum LoanTermRates as Low as*APR*
None$20,000.00Revolving13.000% 13.000%

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

*Rates and Annual Percentage Rates. Rates quoted require automatic payments from a Luso Federal Credit Union share draft checking account. Rates are increased by 0.25% if automatic payment is not set up.

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.

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Home Improvement Personal Loan

Accomplish minor or major home improvement projects.

  • $500 loan minimum; $20,000 loan maximum
  • Seven year maximum loan term
  • $75.00 processing fee

Effective Date: Saturday, December 2, 2023

Home Improvement Personal Loan
Minimum LoanMaximum LoanMaximum TermRates as Low as*APR*Payment per $1,000 Borrowed
$500.00$20,000.001 Year10.750%11.507%$88.27
$500.00$20,000.002 Year10.750%11.151%$46.49
$500.00$20,000.003 Year10.750%11.026%$32.62
$500.00$20,000.004 Year10.750%10.962%$25.72
$500.00$20,000.005 Year11.250%11.425%$21.87
$500.00$20,000.007 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. Rates quoted require automatic payments from a Luso Federal Credit Union share draft checking account. Rates are increased by 0.25% if automatic payment is not set up.

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Overdraft Protection Loan

Avoid the fees and hassles that account overdrafts can bring.

  • $500 loan minimum
  • Three year maximum loan term
  • $75.00 processing fee
  • $25.00 annual fee

Effective Date: Saturday, December 2, 2023

Overdraft Protection Loan
Minimum LoanMaximum TermRates as Low as*APR*Payment per $1,000 Borrowed
$500.003 Year16.250%16.819%$35.28

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

*Rates and Annual Percentage Rates. Rates quoted require automatic payments from a Luso Federal Credit Union share draft checking account. Rates are increased by 0.25% if automatic payment is not set up.

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Pool/Spa Unsecured Loan

Add enjoyment for your family and friends.

  • $1,500 loan minimum; $20,000 loan maximum
  • Five year term
  • $75.00 processing fee

Effective Date: Saturday, December 2, 2023

Pool/Spa Unsecured Loan
Minimum LoanMaximum LoanTermRates as Low as*APR*Payment per $1,000 Borrowed
$1,500.00$20,000.005 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. Rates quoted require automatic payments from a Luso Federal Credit Union share draft checking account. Rates are increased by 0.25% if automatic payment is not set up.

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Energy Loan

Invest in environmentally-friendly home enhancements.

  • $500 loan minimum; $10,000 loan maximum
  • Five year maximum loan term
  • $75.00 processing fee

Effective Date: Saturday, December 2, 2023

Energy Loan
Minimum LoanMaximum LoanMaximum TermRates as Low as*APR*Payment per $1,000 Borrowed
$500.00$10,000.005 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. Rates quoted require automatic payments from a Luso Federal Credit Union share draft checking account. Rates are increased by 0.25% if automatic payment is not set up.

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

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Term Share Signature Line of Credit

Secured funds can used to cover personal expenses as costs arise.

  • Maximum of 95% Value of Term Share
  • Revolving line of credit
  • No processing fee
  • No annual fee

Effective Date: Saturday, December 2, 2023

Term Share Signature Line of Credit
Minimum LoanMaximum LoanTermRateAPR
NoneMax 95% 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

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Share Secured Loan

Borrow funds secured by a savings share account or term share certificate of deposit.

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

Effective Date: Saturday, December 2, 2023

Share Secured Loan
Share TypeMaximum LoanTermRateAPRPayment per $1,000 Borrowed
SavingsMax 95% of Share Balance at Time of Loan Disbursement1 YearShare Savings Rate (+) 6.00%VariesVaries
Term CertificateMax 95% of Term Share/IRA Balance at Time of 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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Credit Builder Loan

Strengthen your credit score using a share savings deposit account as collateral.

  • $500 loan minimum; $2,000 loan maximum
  • Two-year term
  • $75.00 processing fee

Effective Date: Saturday, December 2, 2023

Credit Builder Loan
Minimum LoanMaximum LoanTermRateAPRPayment per $1,000 Borrowed
$500.00$2,000.002 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.

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