Here at the Stoneham Municipal Employees
Federal Credit Union, we offer a full line of credit products. Whether
you are purchasing a new car or going on vacation, remodeling your home or
maybe you're buying a new one. Whatever the situation, we've got a loan
to fit your needs.
All of our consumer loans carry loan protection insurance at no cost to you.
Member-pay credit disability insurance is also available upon request.
To apply for a loan:
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click on Loan Application for a printable application that may be mailed or faxed. (The application requires ADOBE ACROBAT READER, which can be down loaded for free at www.adobe.com), or
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visit us in person and speak with a Member Service Representative.
CONSUMER PRODUCTS
New Auto Loan
Buying a new car? Our New Auto Loan offers you a competitive low rate,
flexible terms up to 6 years, and does not require a down payment.
Used Auto Loan Buying a used car?
Our Used Auto Loan accepts autos up to 7 years old, offers you a competitive
low rate, flexible terms up to 5 years at loan amounts up to 85% of the NADA Book Value.
Personal Loan
Are you planning a vacation, need to buy new furniture, or maybe pay your
child's tuition? With our Personal Loan, you can borrow up to $10,000
for terms of up to 5 years. These funds may be used for whatever purpose
you need.
Personal Line of Credit
Our line of credit is a special type of revolving credit loan.
With a Line of Credit, funds are available to you whenever you need them,
and may be used for whatever purpose you need.
Overdraft Line of Credit
This loan attaches to your Checking account. It advances up to $1,500 to your checking account in the event checks are presented against
insufficient funds, saving you the cost and embarrassment of returned checks.
Share Secured Loan
This type of loan is secured by any Share account excluding IRA's. You
can borrow up to 100% of the balance in your account for 3% over the current
share rate, while still earning interest on your savings. The maximum
term for this loan is 60 months. Monthly payments of principal and interest
are required.
Visa Credit Card
We offer a no annual fee VISA credit card at 10.0% APR on new cards for
the first six months, 10.9% APR after six months.
To apply for a new VISA, pick up an application at one of our offices, or
simply click on Visa
Application for a printable application that may be mailed
or faxed. (The application requires
ADOBE ACROBAT READER, which can be down loaded for free at www.adobe.com).
VISA card holders may visit
www.myccinfo.com
(VISA credit card manager) to access information about their SMEFCU credit
card account.
REAL ESTATE PRODUCTS
Home Equity Line of Credit
Thinking about remodeling your home? Consider using the equity in your
home to finance your projects. We will loan up to 80% of the appraised
value of your property, less the first mortgage. Rates are indexed to
prime and terms are offered up to 15 years
with a 10 year draw period. Available on owner-occupied property only.
Check writing ability is
included with the line, putting funds into your own hands, immediately -
whenever, wherever!
Home Equity Loans
If you are thinking about a home equity line of credit, you might
also want to consider a traditional second mortgage or Home Equity Loan.
Our Home Equities provide you the option of fixed rate loans over a 5, 7 or
10 year period. You might consider a home equity loan instead of a home
equity line if, for example, you need a set amount for a specific purpose,
such as an addition to your home.
Mortgages In search of the perfect home? Let us help you finance it. We offer fixed rate mortgages from 5 to 30 years. Please contact our partner, Members Mortgage, at 800-316-9790, or go to the "Mortgage CLICK" button below for current information on our various mortgage options.
