Loans

Current Rates

  • Current rates are effective as of November 6, 2017.
  • Interest rates for all loan types are based on several factors, including but not limited to the borrower’s current FICO credit score and past payment history with Tel-U-Watt Federal Credit Union (TFCU) and other financial organizations. The TFCU Board of Directors is the final approval authority for all loans.
  • TFCU assess a member’s credit score when applying for a loan, and assigns a risk category based on that score.

 


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Vehicle Loans


  • 2014 & Newer

    • 2.25% APR
    • Maximum repayment term of 72 months (6 years)

  • 2013 & Older

    • 3.5% APR
    • Maximum repayment term of 60 months (5 years)
    • Vehicles 7 years old or older are limited to a maximum term of 36 months (3 years)

 

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Recreational Loans – Motorcycles, Boats, Campers, Dirt Bikes, 4-Wheelers, Go Carts, and other ATVs


  • 2014 & Newer

    • 2.25% APR
    • Maximum repayment term of 72 months (6 years)

  • 2013 & Older

    • 3.5% APR
    • Maximum repayment term of 60 months (5 years)
    • Vehicles 7 years old or older are limited to a maximum term of 36 months (3 years)

 

John Hancock

Signature Note


  • 18% APR
  • Limit $5000 per member
  • Loans exceeding $1000 may require board approval
  • Repayment Terms
    • $3000 (or less)
      • Maximum repayment term of 36 months (3 years)
    • $3001 – $3999
      • Maximum repayment term of 36 months (3 years)
    • $4000 – $4999
      • Maximum repayment term of 48 months (4 years)
    • $5000
      • Maximum repayment term of 60 months (5 years)

 

The Pledge of Shares

Pledge of Shares


  • 0.5% above the current shares dividend rate .
    • Maximum repayment term of 72 months (6 years)
  • You must keep a balance in your savings account that is equal to or greater than the loan balance.

 

Questions?

email us at: teluwatt@srt.com
or call Connie Dosch at 701-838-9810 for more information.

Serving the employees of SRT Communications and Xcel Energy since 1934