NEWS & INFORMATION

Business Hours
Monday 8:30 AM to 4:00 PM
Tuesday 8:30 AM to 4:00 PM
Wednesday 8:30 AM to 4:00 PM
Thursday 8:30 AM to 4:00 PM
Friday 8:30 AM to 12:00 PM
Closed Weekends & Holidays

DEBIT CARDS HAVE BEEN DISCONTINUED

We no longer offer debit cards.

As of May 2017 the debit card service has been discontinued.

Vacation Loans

It’s vacation season! Now is the time to take out a low rate vacation loan. We have vacation loans as low as 9.00% APR*

*APR = Annual Percentage Rate

more info.

Mortgage Loans

LMEFCU is proud to offer our members Federally Secured Mortgage Programs – FHA, VA and Reverse Mortgages. There are several options for members looking to purchase or refinance and receive cash out. 96.5% and 100% financing available.

  • FHA and FHA 203K Rehab Loans
  • VA – Veteran Loans
  • Reverse Mortgages

more info.

DO YOU NEED A HOLIDAY LOAN!!!
ARE YOU A MEMBER OF THE CREDIT UNION??

The LMEFCU is accepting Holiday loan applications!!!

MEMBERS MUST QUALIFY UNDER CREDIT UNION GUIDELINES AND HOLIDAY LOANS WILL BE FOR 1 YEAR ONLY.
START DATE: Oct. 15, 2018
END DATE: DEC. 31, 2018

Maximum Loan Amount: $3,000.00

Payment Period: 52 Weeks

650 and above 6% APR*
600-649 7% APR*
500-599 8% APR*

*APR = Annual Percentage Rate

NOT A MEMBER?? No Problem! If you are an employee of the City of Lowell/Schools for 60 DAYS you are eligible to become a member and apply for a loan. We are located at City Hall Room 11.

Hours Mon – Thurs 8:30 am to 4 pm
Fri 8:30 am to 12:00 pm
Tel # 978-970-4088

Loan Rates



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Tier Model Yrs Term Credit Debt Ratio Max Interest Rate
1
New
  2016-2017    1-5 Years     700-850   42.00%   $50,000.00   1.85%  APR* 
2
New 
  2016-2017    1-5 Years     600-699   38.00%   $32,000.00   2.49%  APR* 
3†
New 
  2016-2017    1-5 Years     500-599   30.00%   $22,000.00   3.49%  APR* 
1
Used
  Any Year-    1-5 Years     700-850   42.00%   $30,000.00   1.99%  APR* 
2
Used
  Any Year-    1-5 Years     600-699   38.00%   $20,000.00   2.69%  APR* 
3†
Used
  Any Year-    1-5 Years     500-599   30.00%   $15,000.00   3.99%  APR* 

more info.

Tier Max Years Credit Score Debt Ratio Max Amount Interest Rate
1    1 Year     650-850   42.00%   $6,000.00   2.50%  APR* 
2    1 Year     600-699   38.00%   $4,000.00   2.75%  APR* 
3†    1 Year     500-599   32.00%   $2,000.00   3.00%  APR* 

more info.

Tier Type Max Years Credit Score Debt Ratio Max Amount Interest Rate
1    Unsecured    4 Years     700-850   42.00%   $15,000.00   10.00%  APR* 
2    Unsecured    4 Years     600-699   38.00%   $10,000.00   11.00%  APR* 
3†    Unsecured    4 Years     500-599   32.00%   $5,000.00   12.00%  APR* 

more info.

Tier Condition Max.Years Credit Score Debt Ratio Max Amount Interest Rate
1       New    5    700-850   42.00%   $50,000.00   2.49%  APR* 
2       New    5    600-699   38.00%   $25,000.00   2.99%  APR* 
3†       New    5    500-599   30.00%   $15,000.00   4.49%  APR* 
1       Used   5    700-850   42.00%   $40,000.00   2.99%  APR* 
2       Used   5    600-699   38.00%   $20,000.00   3.49%  APR* 
3†       Used   5    500-599   30.00%   $12,000.00   3.99%  APR* 

more info.

Tier Max Years Credit Score Debt Ratio Max Amount Interest Rate
1    1 Year     700-850   42.00%   $2,500.00   9.00%  APR* 
2    1 Year     600-699   38.00%   $2,000.00   10.00%  APR* 
3†    1 Year     500-599   32.00%   $1,500.00   11.00%  APR* 

more info.

*APR = Annual Percentage Rate, APY = Annual Percentage Yield. Individuals with credit scores of 350-499 are not eligible for consideration. † Co-borrower with at least a 650 or higher credit score and credit committee approval.

The Smart Option Student Loan

With college costs growing fast, it’s time to borrow smarter. The Smart Option Student Loan® offers three repayment options and competitive interest rates to help you pay for college expenses not covered by scholarships and federal loans.


Low rate personal loans


LMEFCU’s Verified by Visa

Verified by Visa is the easy new way to enjoy added security for all your online Visa card purchases.