NEWS & INFORMATION

City Hall building is closed again to the public.
You can reach the Credit Union at (978) 970-4088 during the following hours.

CHECKS BY MAIL ONLY

Business Hours 12/15/20
Monday 8:30 AM to 2:00 PM
Tuesday 8:30 AM to 4:00 PM
Wednesday 8:30 AM to 2:00 PM
Thursday 8:30 AM to 4:00 PM
Friday CLOSED
Closed Weekends & Holidays

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.

Download a Loan Application


Save The Date – Thursday, March 25, 2021

CREDIT UNION HOLDS ANNUAL MEETING/ELECTIONS FOR BOARD OF DIRECTORS
Elections for the Lowell Municipal Employees Federal Credit Union Board of directors will take place:
Thursday, March 25, 2021
VIA ZOOM
(if interested in attending, please call the office for instructions)
Four positions on the board are available. The incumbents are:
T.J. COOPER
GEORGE PILATO
GLENN RIVARD
MATTHEW SANDELLI

All members that are interested in running for a position must fill out a nomination form at the credit union. Please submit all nomination papers in care of:
ED ZAPATKA
CHAIRMAN OF THE SUPERVISORY COMMITTEE
By Tues. March 9, 2021
* * *
Nomination papers will be available in the credit union office beginning
February 25, 202


Loan Rates



jQuery UI Tabs – Default functionality

Tier Model Yrs Term Credit Debt Ratio Max Interest Rate
1
New
  2019-2020    1-5 Years     700-850   42.00%   $50,000.00   2.35%  APR* 
2
New 
  2019-2020    1-5 Years     600-699   38.00%   $40,000.00   2.99%  APR* 
3†
New 
  2019-2020    1-5 Years     500-599   32.00%   $30,000.00   3.99%  APR* 
1
Used
  Any Year-    1-5 Years     700-850   42.00%   $40,000.00   2.49%  APR* 
2
Used
  Any Year-    1-5 Years     600-699   38.00%   $30,000.00   3.19%  APR* 
3†
Used
  Any Year-    1-5 Years     500-599   32.00%   $22,000.00   4.49%  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   2.99%  APR* 
2       New    5    600-699   38%   $25,000.00   3.49%  APR* 
5       New    5    500-599   32%   $15,000.00   4.99%  APR* 
1       Used   5    700-850   42.00%   $40,000.00   3.49%  APR* 
2       Used   5    600-699   38%   $20,000.00   3.99%  APR* 
5       Used   5    500-599   32%   $12,000.00   4.49%  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.


Font Resize