Loans

Erie Community Federal Credit Union’s goal is to be your primary financial institution. We are proud to be a credit union and live by the credit union philosophy of “People Helping People.” Our goal is not for profit but for service, so we aim to offer our members the very best in rates and service. Talk to our Loan Department and let us help you meet your financial needs, from car loans to credit cards to a business loan for your growing company. We’re here for you!

Take advantage of our NO CREDIT CHECK*. Borrow $200.00 - $1,000.00 for up to 6 months. Must have a minimum of 6 months direct deposit at Erie Community FCU.

*Restrictions apply. Contact our Lending Department for more details.

Ready for a new ride? Or just need a first car for your teen driver? Maybe you’ve been saving and finally can afford a “toy” like an RV, ATV, or boat! Visit Erie Community FCU for the best vehicle loan rates around!

We offer the following types of loans:

• New & Used Car and Truck Loans

• New & Used Motorcycle Loans

• New & Used RV Loans

• New & Used Boat Loans

• New & Used Off-Road Vehicles

Taking out a second mortgage or deciding to use your home as collateral on a loan is a major financial decision. We offer second mortgages as well as a HELOC (Home Equity Line of Credit). Let us help you determine the best path to take.

First Mortgages

We partner with My Cu Mortgage to offer a wide variety of mortgages with flexible terms and competitive rates. If you have questions, contact Michael Graham at (419)626-4283 or visit MY CU Mortgages below.

Second Mortgage

Considering a second mortgage on your home? A second mortgage is a fixed rate with a fixed term, and the loan amount is a lump sum of money. The funds can be used for various reasons: consolidating debt, financing home improvements, paying for tuition, and more. We’ll help you discuss the advantages and disadvantages based on your current mortgage status.

Home Equity Line of Credit (HELOC)

A HELOC is a revolving line of credit with a variable rate in which the equity in your home serves as collateral. Use it for large expenses such as home improvements, education, or medical bills. You will be approved for a line of credit based on the available equity of your home. Once you’re approved, you simply draw money as you need it, and the payment is based on your outstanding balance.

Whether you need a large amount of cash for a wedding, a tuition payment, a long overdue vacation, or some unplanned expenses, consider a personal loan or a share secured loan instead of paying with a credit card. Personal loans offer flexibility of terms and competitive rates while a share secured loan offers a lower rate and uses your share savings account as collateral.

Erie Community FCU has partnered with SallieMae to offer student loans.