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Loan Calculators
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Specials

Members can expect Sperry Marine Federal Credit Union loans to offer competitively low rates and flexible terms!  We want to help you meet your lending needs.

Why should I borrow at Sperry Marine Federal Credit Union?

 Loans for almost every purpose
Interest rates are low, costing you less to borrow
No hidden loan fees
No pre-payment penalty
Payments may be made automatically by Direct Deposit, Payroll Deduction, or transfer from share/share draft accounts
Fast and friendly service
Loan protection is available in the form of life and disability insurance on your loan

Because Sperry Marine Federal Credit Union is a non-profit organization, we distribute much of our earnings to our members in the form of low rates on our loans.

See our terrific interest rates or apply for a loan now!
 
Loan Types
Vehicle Loans
  Sperry Marine Federal Credit Union will finance the following types of new and used vehicles: Automobiles, Trucks, Vans, SUV's, Campers, Motorcycles, Motor Homes, and Classic Vehicles.
Unsecured Loans
  For qualifying members, the Credit Union will lend up to $10,000 without collateral. This limit includes credit cards. The credit union offers a variety of unsecured loans including short term loans, time notes, lines of credit and credit cards.
LINE OF CREDIT
  The Line of Credit is an unsecured credit line up to $10,000. This credit facility offers members flexibility of use and repayment along with an attractive interest rate.
SHARE SECURED
  Share secured loans are secured by deposits in a share account at Sperry Marine Federal Credit Union. The loans are offered at 3% over the share dividend rate.
SECURED LOANS
 

Secured loans can be granted to qualified borrowers up to the maximum allowable dollar amount per loan type. Acceptable security includes:

  • Savings or certificates of SMFCU
  • Titled Vehicles
  • Home Equity Loans
CREDIT CARDS
 

Sperry Marine Federal Credit Union offers a VISA card with the following features:

  • No application fee
  • No annual fee
  • Fixed 11.9% Annual Percentage Rate
  • CASH withdrawals at our offices do not have processing fees
  • Can be used in any ATM that has CIRRUS logo
  • Monthly payment is 3% of outstanding balance
  • $10,000 maximum limit
MORTGAGE LOANS
  Sperry Marine Federal Credit Union offers a full service first mortgage program for new home purchases and re-finances. Advantages of a mortgage with Sperry Marine include:
 
  • Competitive rates
  • Low loan origination fee
  • Cash-out re-finances
  • No prepayment penalty
HOME EQUITY LOANS
  Sperry Marine Federal Credit Union’s equity lending program includes a fixed rate home equity loan or a variable rate home equity line of credit- whichever suits your needs. Either way, you will enjoy:
FIXED RATE HOME EQUITY LOAN
  Up to $75,000
Borrow up to 95% of the appraised value of the property
Repayment over 10 year term
Low closing costs
VARIABLE RATE HOME EQUITY LINE OF CREDIT
  Up to $100,000
Borrow up to 95% of the appraised value of the property
Repayment over 20 year term
Low closing costs
MEMBER LOAN INSURANCE
  Credit Life and Temporary Disability Insurance is offered with most loans. Disability coverage is extended to members under age 65. Credit Life coverage is extended to members under 70. Premiums are calculated on the outstanding loan balance and added to the loan balance each month.
 
 
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