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 2006 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)

The Spojnia Credit Union Smart Option Student Loan® by Sallie Mae® – For borrowers attending degree-granting institutions.  Now you can pay for college the smart way with three great repayment options and competitive interest rates! The loan is an ideal solution to help you pay for college expenses not covered by scholarships and federal loans. To learn more or to apply, please get started here.

The Smart Option Student Loan features and benefits:

  • We offer a choice of competitive fixed and variable interest rates providing even more choice and flexibility
  • No origination fees and no prepayment penalty
  • Multiple in-school repayment options available
  • Borrower benefits available  –  like rewards and interest rate reductions
  • Rates that reward creditworthy borrowers
  • Applying with a creditworthy cosigner may help you qualify and/or receive a lower rate
  • 24/7 online account management

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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