With a Credit Union Loan:

  • Your loan can be paid with a payroll deduction or we can bill you monthly.

  • If you are denied, you may meet with a member of the Loan Committee and/or have the Board of Directors review your application.

  • A Fully Secured Loan is a great and easy way to establish a credit history.

  • If you are having trouble making payments, we can try to work to help you.

  • Remember, if you are delinquent, we report to TRW.  This could affect your credit.

Call us or stop by. 

Now at
Sisters Hospital Employees FCU

Mortgages

TO APPLY ONLINE CLICK ON THE HOUSE BELOW

Schools. Neighborhoods.  Backyards.  As a homebuyer, you've got enough on your mind without thinking about a mortgage.  Why not have someone else handle it for you?

We can do that.  Our new mortgage products reflect our "people are worth more than money" philosophy with a process that's fast and hassle-free.  The terms are just as people-friendly:
  • Fixed and adjustable rate mortgages
  • The competitive interest rates we offer our members every single day
  • Low down payments, so you keep more of your hard-earned savings
  • Flexible terms, including lock-in and float options for the best possible rate
  • affordable closing cost programs to save you money

No matter what kind of home you're considering, we'll walk you through the process without leaving you in the dark...or pushing you too fast.  To find out more, please call us at 862-1472.

 
 

Car Loans

 

 

 

The Credit Union is now doing risk base lending for car loans.  Your credit score will determine your rate with rates as low as 4.5%.

 Stop by today for an application, we can pre-approve your loan and you can start shopping

If you have purchased a vehicle and are financed with another lender, come in to see us today. We may be able to refinance your existing vehicle.  We have great loan rates.  It only takes a few minutes to see if you qualify to refinance your loan with us.  You can save a lot of money in interest and take advantage of payroll deduction. 

Search certified used cars online at  (click picture below)

 

Risk Based Lending

Sisters Hospital Employees FCU is now basing loan rates on an applicant's credit score.  What does this mean to you?

It means that you can apply for a loan the same easy way you always have, however, the interest rate varies based upon your credit score.  Currently, the unsecured rates range from 5.9%-17.9%.

How is my credit score determined?  Is my rate going to be affected by what the Loan Committee thinks of me?

Your credit score is determined by an outside service that does this as a part of your credit report.  They assign a credit score to you based upon your credit history.  The Loan Committee does not determine your credit store.

So is this credit score used to approve my loan?

Your loan applications approved or denied as stated in the Loan Policy.  Once your eligibility is determined, the credit score determines your interest rate.


Car Loan Rates

CAR LOAN RISK CATEGORIES
EFFECTIVE:     3/2013
REVIEWED:     3/2013
REVISED:        3/2013
  NEW CAR USED CAR
A+ PAPER 4.5% UP TO 66 MO 4.5% UP TO 60 MO
EXCELLENT CREDIT    
CREDIT SCORE OF 730 AND ABOVE    
LOW RISK    
   
A PAPER 4.5% UP TO 66 MO 4.5% UP TO 60 MO
EXCELLENT CREDIT    
CREDIT SCORE OF 680-729    
LOW RISK    
     
B PAPER 7.5% UP TO 60 MO 8.5% UP TO 60 MO
GOOD CREDIT    
CREDIT SCORE OF 679-640    
AVERAGE CREDIT RISK    
   
C PAPER 9.5% UP TO 60 MO 10.5% UP TO 60 MO
MARGINAL CREDIT    
CREDIT SCORE OF 600-639    
POSSIBLE GUARANTOR MAY BE NEEDED    
   
D PAPER 12.5% UP TO 60 MO 13.5% UP TO 60 MO
BELOW PAR CREDIT OR NO CREDIT HISTORY    
CREDIT SCORE OF 599-550    
GUARANTOR USUALLY NECESSARY    
   
E PAPER 16.5% UP TO 60 MO 17.9 UP TO 60 MO
CREDIT SCORE 549 & BELOW    
     
MEDICAL RESIDENTS WITH NO CREDIT HISTORY  5.5% UP TO 60 MO 6.5% UP TO 60 MO
THEREFORE NO EMPERICA SCORE    

  APR=ANNUAL PERCENTAGE RATE

CREDIT UNION SECURED AND UNSECURED LOAN RATES
EFFECTIVE October 2008 REVIEWED March 2013 REVISED March 2013  
MAXIMUM OF $15,000.00 (Based on score and percentage of Income)
    12 MONTHS 24 MONTHS 36 MONTHS 48 MONTHS 60 MONTHS
A+   730 & ABOVE   5.9% APR 6.9% APR 7.9% APR  9.9% APR 11.9% APR
A    729-680   7.9% APR 8.9% APR 9.9% APR 11.9% APR 13.9% APR
MAXIMUM OF $10,000.00 (Based on Score and Percentage of Income)
B   679-640 standard 10.9% APR 11.9% APR 12.9% APR    
C   639-600   13.9% APR 14.9% APR 15.9% APR    
MAXIMUM OF $7,500.00 (Based on Score and Percentage of Income)
D   599-550   15.9% APR 16.9% APR 17.9% APR    
E 549 & BELOW   16.9% APR 17.9% APR 17.9% APR    
ANY DOLLAR AMOUNT            
FULLY SECURED   2.99% APR 3.99% APR 4.99% APR 5.99% APR 6.99% APR

APR= ANNUAL PERCENTAGE RATE

No car loans for under $2,000.  However, you may apply for a personal loan.  Loans for cars over 7 years old will not be considered unless the car is a classic or antique.  Sisters hospital EFCU will allow a loan for cars that are 7 years old or older, but the loan will be unsecured.  The NADA book is used as a guideline in determining the amount of loan for used cars. REMEMBER~your car loan can be pre-approved!

 

Sisters Hospital Employees FCU uses Risk Based Lending when determining the interest rate you are charged when you qualify for a loan.  Once you qualify for a loan, rates are based upon your credit score.

Sisters Hospital Employees FCU is now basing loan rates on an applicant's credit score.

Q.  What does this mean to you?

      A.  It means that you can apply for a loan the same easy way you always have, however, the interest rate varies based upon your credit score.  Currently, the unsecured rates range from 5.9% to 17.9%.

Q.  How is my credit score determined?  Is my rate going to be affected by what the Loan Committee thinks of me?

      A.  Your credit score is determined by an outside service that does this as a part of you r credit report.  They assign a credit score to you based upon your credit history.  The Loan Committee does not determine your credit score.

Q.  So is this credit score used to approve my loan?

      A.  Your loan application is approved or denied as stated in the Loan Policy.  Once your eligibility is determined, the credit score determines your interest rate.


Please click here to view loan application eligibility requirements