Credit Counseling Services

We are prepared to assist members who are struggling with financial pressures. Your credit union is not just a place to do business, but a vibrant and caring institution that improves the lives of others.

Confidential, competent, and nonjudgmental services are provided at no charge to members.

Your financial health and well-being are significant factors in how you feel about yourself and your life.  At the same time, there is so much information about personal finance, credit score, credit challenges, and other important financial topics that it can be challenging to know what is right for you. 

Contact us today - we are here to help!

Member Advantage

An unsecured, closed-end, fixed-rate, fixed-term loan: 

  • Minimum loan amount: $1,000

  • Maximum loan amount: $1,000

  • Maximum term: 12 months

Guidelines:

  1. Be a member for a minimum of six [6] months

  2. No credit check is required; however, the loan payment history will be reported

  3. Must be a member in good standing; no current delinquencies on any account

  4. Must have an established direct deposit for at least six [6] months

  5. Pay an application fee of $25, whether or not credit is extended

  6. Courtesy Pay will not be allowed during the term of the Member Advantage loan

  7. Only one [1] Member Advantage or Member Advantage Plus loan open at a time

*APR=Annual Percentage Rate. Rates are subject to change without notice. All rates shown are for qualified borrowers. Minimum and Maximum loan amount is $1,000.00. Estimated monthly payments for a $1,000 at a rate of 15.99% APR is $90.78. No credit check is required; however the loan payment history will be reported. Member must meet all requirements to qualify. Only one Member Advantage or Member Advantage Plus may be issued at any time per member or membership. AFL-CIO EFCU reserves the right to terminate this program at any time without advance notice. Certain restrictions and conditions may apply. (2) A non-refundable Member Advantage application fee of $25 is collected from every application regardless of whether credit is extended.

Member Advantage Plus

An unsecured, closed-end, fixed-rate, fixed-term loan: 

  • Loan amount: $2,000

  • Loan term: 24 months

Guidelines:

  1. Be a member for a minimum of six [6] months

  2. No credit check is required; however, the loan payment history will be reported

  3. Must be a member in good standing; no current delinquencies at the time of the application on any account

  4. Must have an established direct deposit for at least six [6] months

  5. Pay an application fee of $25 whether or not credit is extended

  6. Courtesy Pay will not be allowed during the term of the Member Advantage Plus loan

  7. Members do not have to pay the Member Advantage Plus loan off to qualify for additional funds

  8. The loan balance must be paid to at least $1,000.00 or below to qualify for additional funds and may not exceed the maximum loan amount of $2,000.00.

**APR=Annual Percentage Rate. Rates are subject to change without notice. All rates shown are for qualified borrowers. The published rate may change at any time without notice. Minimum and Maximum loan amount is $2,400.00. Estimated monthly payments for $2,400 at a rate of 17.99% APR is $99.83. No credit check is required; however the loan payment history will be reported. Member must meet all requirements to qualify. Before the Member Advantage Plus loan will be issued, the member must have had a Member Advantage loan and completed payments for at least twelve (12) months. Only one Member Advantage or Member Advantage Plus loan may be issued at any time per member or membership. AFL-CIO EFCU reserves the right to terminate this program at any time without advance notice. Certain restrictions and conditions may apply. (2) A non-refundable Member Advantage Plus application fee of $25 is collected from every application regardless of whether credit is extended.

Pay Saver Loan

The Credit Union alternative to Pay Day Loans.  An unsecured, closed-end, fixed-rate, fixed-term loan: 

  • Minimum loan amount: $300

  • Maximum loan amount: $750

  • Maximum term: 6 months

Guidelines:

  1. Be a member for a minimum of six [6] months

  2. No credit check is required; however, the loan payment history will be reported

  3. Must be a member in good standing; no delinquencies on any account

  4. Pay an application fee of $25, whether or not credit is extended

  5. Courtesy Pay will not be allowed during the term of the Pay Saver Loan

  6. Only one [1] Pay Saver Loan open at a time

  7. Only two [2] Pay Saver Loans allowed per calendar year

***APR is Annual Percentage Rate. The published rate may change at any time without notice. Minimum loan amount is $300 and Maximum loan amount is $750.00. Estimated payment per $300 borrowed at a rate of 17.99% APR for 6 months is $52.67. Estimated payment per $750 borrowed at a rate of 17.99% APR for 6 months is $131.67. No credit check is required; however the loan payment history will be reported. Automatic transfer for repayment will be established at the time the loan is disbursed. Member must meet all requirements to qualify. Only one Pay Saver Loan may be issued at any time per member or membership. Only two Pay Saver Loans allowed per calendar year. AFL-CIO EFCU reserves the right to terminate this program at any time without advance notice. Certain restrictions and conditions may apply. (2) A non-refundable application fee of $25 is collected from every application regardless of whether credit is extended. This is to cover the actual costs of processing.

For that added peace of mind. We offer you the opportunity to purchase debt protection coverage.

Fresh Start Loans

The Fresh Start Loan is intended to assist credit-challenged credit union members in re-establishing credit and hopefully avoid the use of payday lenders. The program is intended to pay collection items [medical, utility, cable, etc.], liens, judgments, charge-off loans, and challenged credit that have not been paid, satisfied, or are in a past due status.

The loan program is to assist the credit union member payoff all challenged credit and re-establish their credit rating.

Rates As Low As 9.50% APR* up to 36 months.

  • Minimum Amount: $1,000

  • Maximum Amount: $3,000

  • Minimum Term: 12 months

  • Maximum Term: 36 months

Criteria:

  1. Loan must meet credit union lending policies, procedures, and guidelines

  2. Credit union to restrict all checks to the member and the creditor

  3. There is no credit score limit to qualify; however, not all members would qualify

For that added peace of mind. We offer you the opportunity to purchase debt protection coverage.

Get help on you loan application
*APR is Annual Percentage Rate. Rates As Low As 9.50% APR. The published rate is effective 01/01/2018 and may change at any time without notice. Minimum loan amount is $1,000 and Maximum loan amount is $3,000.00. Estimated payment per $1,000 borrowed at a rate of 9.50% APR for 36 months is $32.05. Credit check is required; the loan payment history will be reported. Automatic transfer for repayment can be established at the time the loan is disbursed. Member must meet all requirements to qualify. AFL-CIO EFCU reserves the right to terminate this product at any time without advance notice. Certain restrictions and conditions may apply. (2) A non-refundable application fee of $25 is collected from every application regardless of whether credit is extended. This is to cover the actual costs of processing.