Loans

A $200.00 PLEDGE IS REQUIRED FOR ALL SIGNATURE AND SCU SELECT LOANS. MEMBER SHARE BALANCES MUST BE AT LEAST $205.00. ($5.00 REQUIRED SHARE AMOUNT PLUS $200.00 PLEDGE TOWARDS LOAN)

Click here to print a loan application(PDF). For Organization loans and Home Equity loans, see below.

Signature Loan – A quick and easy way to borrow money without collateral. Terms are available from 12 months to 60 months.  Maximum amount $10,000.00.

SCU Select Loan  – A short term loan with a maximum of $2500.00.  You select the reason, whether you are paying your taxes, consolidating debt or paying for automobile repairs.  This is the loan you want.  5.49% for 18 months, Maximum $2500, rate of 5.49% APR. 

New Vehicle Loans – 100% Financing (excluding tax and tags).  Spojnia Credit Union will loan up to $50,000.00.    Collateral – Car Title.  The borrower must carry auto insurance against collision, fire, theft and comprehensive losses and the loss payee clause in favor of the Spojnia Credit Union. Terms up to 72 Months  –  Some restrictions apply. Take the rebates from the dealership and finance your vehicle with Spojnia Credit Union.

Used Auto Loans – Maximum amount – granted according to clean loan value listed in NADA Official Used Car Guide on vehicles 2013 or newer, limited terms. Collateral – Car Title.  When a car title is used as collateral, the borrower must carry auto insurance against collision, fire, theft, and comprehensive losses and the loss payee clause in favor of the Spojnia Credit Union.

Share Secured Loans – You can make money and spend it too, with a Share Secured Loan.  If you are considering withdrawing money from your share account to fund a purchase, think again.  Why not borrow the money you need against your Share Account.  You will get a great interest rate. Plus you can borrow up to five (5) years, and your money stays in the your account earning interest.  As you pay down the loan, additional funds in your share account become available. Minimum $1000.00.  Loan terms up to 60 months.

Collateral Loans – Spojnia Credit Union will loan up to $30,000.00.  Terms up to 48 months.  Collateral – equivalent to amount borrowed is necessary to secure this type of loan.  It may be a car title whereby the lien can be recorded.  Appropriate legal documents are required.  When a car title is used as collateral, the borrower must carry auto insurance against collision, fire, theft, and comprehensive losses, and the loss payee clause, in favor of the Spojnia Credit Union.

Other Titled Property  –   Boats, ATVs, Motor Homes, Motorcycles.  The certificate of title must list Spojnia Credit Union as lienholder.  An insurance binder must be provided indicating Spojnia Credit Union as lienholder  and adequate collision, comprehensive, and liability coverage.  New recreational vehicle value is determined by purchase order or dealer invoice.  Used recreational vehicle value is determined by using the appropriate NADA appraisal guide.  Maximum $50,000.00. 

Youth Credit Builder LoanSpojnia Credit Union will extend credit to members at ages 16 and 17.  A parent or guardian will be required to be a co-applicant. The youth must demonstrate the ability to repay the loan by providing proof of income sufficient to cover a monthly loan payment. In an effort to help our youth members establish credit and to promote good borrowing habits; there will be $25.00 required as security against the loan.  A youth will be allowed to borrow against their shares provided that there are sufficient funds to borrow against.  Maximum amount $1000.00.

Organization Signature Loan – Parishes and other non-profit associations associated with the Polish National Union of America or the Polish National Catholic Church who have membership with Spojnia Credit Union are eligible to apply for loan.  Maximum amount is $49,999.99.  Terms up to 15 years. Some restrictions apply. 

Organization Loan Application(PDF)

Home Equity Loans – When you need to borrow money for any reason, the cash you need may be right in your own home.  Use the funds to consolidate debt, make home improvements, go green, pay for a college education and more. Terms – 5, 7, 10  and 15 years. The maximum loan is not to exceed 85% of the appraised value minus any first mortgage balance.  Spojnia Credit Union will only accept first or second mortgage position.  $100.00 non-refundable application fee.  No Closing Costs!  No Appraisal Fees!

Home Equity Application(PDF)

Sallie Mae Student Loans – Wherever you are in your higher education, Get the money you need for school.

Whether you’re an undergraduate, graduate student, or parent, get money for school from Sallie Mae®.

Sallie Mae® higher education loans are designed for the needs of undergraduates, graduate students, and parents.

  • Competitive interest rates
  • Multiple repayment options
  • No origination fees; no prepayment penalty1

Sallie Mae Student Loans

Smart Option Student Loan® for Undergraduate Students

Parent Loan

Plus, a suite of graduate loans to pay for expenses included in your school’s cost of attendance and designed for your specific degree

Find out which loan is right for you

Borrow responsibly

We encourage students and families to start with savings, grants, scholarships, and federal student loans to pay for college. Students and families should evaluate all anticipated monthly loan payments, and how much the student expects to earn in the future, before considering a private student loan.

These loans are made by Sallie Mae Bank or a lender partner. Spojnia Credit Union is not the creditor for these loans and is compensated by Sallie Mae for the referral of loan customers.Smart Option Student Loan and graduate loan products: This information is for borrowers attending degree-granting institutions only. Smart Option Student Loan information is for undergraduate borrowers only. You must be attending a participating school located in the U.S. or have attended one during an eligible prior enrollment period. You must be a U.S. citizen or a permanent resident or a Non-U.S. citizen borrower with a creditworthy cosigner (who must be a U.S. citizen or permanent resident) and required U.S. Citizenship and Immigration Service (USCIS) documentation. U.S. citizens and permanent residents enrolled in eligible study abroad programs or who are attending or have attended schools located outside the U.S. are also eligible. For the Dental School Loan, Law School Loan, MBA Loan, and Medical School Loan, students must be enrolling in a graduate-level degree program in a field of study that is eligible for the loan and Graduate Certificate/Continuing Education coursework is not eligible.Applications are subject to a requested minimum loan amount of $1,000. Current credit and other eligibility criteria apply.

Parent Loan: This information is for borrowers with students attending degree-granting institutions only.The student is not eligible to be a borrower or cosigner and must be attending or have attended a participating school during an eligible prior enrollment period, or be enrolled in an eligible study abroad program. The borrower, cosigner and student must be U.S. citizens or permanent residents.The school may refund loan funds directly to the student, and if that occurs, borrower and cosigner (if applicable) would still be responsible for repaying that amount to Sallie Mae. Applications are subject to a requested minimum loan amount of $1,000. Current credit and other eligibility criteria apply.

1 Although we do not charge you a penalty or fee if you prepay your loan, any prepayment will be applied as provided in your promissory note: First to Unpaid Fees and costs, then to Unpaid Interest, and then to Current Principal.

SALLIE MAE RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS, SERVICES, AND BENEFITS AT ANY TIME WITHOUT NOTICE.

© 2018 Sallie Mae Bank.All rights reserved.Sallie Mae, the Sallie Mae logo, and other Sallie Mae names and logos are service marks or registered service marks of Sallie Mae Bank.All other names and logos used are the trademarks or service marks of their respective owners. SLM Corporation and its subsidiaries, including Sallie Mae Bank, are not sponsored by or agencies of the United States of America.

Credit Disability Insurance (CDI) – Spojnia Credit Union offers CDI to eligible members or co-borrowers under age 65 and gainfully employed.  If the borrower (co-borrower) suffers total disability from sickness or accident, which continues beyond the policy-waiting period of fourteen days, loan payments will be made up to policy maximum.  The premium is added to the loan payment.

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