We’re Here For You

The LMEFCU is accepting applications forSchool Clothes, Back Pack, Notebooks, Supplies, the list goes on!Loan approval is based on credit score (reported by EQUIFAX) and debt ratioLoan Amount: $2,500.00
Payment Period: 52 Weeks
CREDIT SCORE 650 OR MORE 6.0% UP TO $2,500.00
CREDIT SCORE 600-649 7.0% UP TO $2,000.00
CREDIT SCORE *500-599 8.0% UP TO $1,500.00
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.
Visit us in City Hall Room 11
LOAN APPLICATION PERIOD JULY 22, 2022 – SEPT 30, 2022DO YOU NEED A BACK TO SCHOOL LOAN???“BACK TO SCHOOL LOANS”*CREDIT SCORES IN THE 500’S WILL NEED A CO-SIGNER WITH SCORE OF 650 OR HIGHER.

NEWS & INFORMATION

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

Business hours of the credit union as of August 1, 2022


Sunday
Closed
Monday
8:30 AM
4:00 PM
Tuesday
8:30 AM
4:00 PM
Wednesday
8:30 AM
4:00 PM
Thursday
8:30 AM
4:00 PM
Friday
8:30 AM
12:00 PM
Saturday
Closed
Holidays
Closed


Vacation Loans

HOLIDAY LOANS AVAILABLE THROUGH DECEMBER 30,2022

LOANS UP TO $2500.00

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*

More information…

*APR = Annual Percentage Rate

Download a Loan Application


AUTO LOANS

NEW VEHICLES

Cond.
Model Yrs
Term
*APR
Per/$1000
Tier
Credit Score
Debt Ratio
MAX
New
2022 – 2023
1 – 7 year(‘s)
2.85 %
$ 17.90
1
700 – 850
42.00 %
$ 50,000.
New
2022 – 2023
1 – 7 year(‘s)
3.49 %
$ 18.17
2
600 – 699
38.00 %
$ 30,000.
New
2022 – 2023
1 – 7 year(‘s)
4.49 %
$ 18.64
3
500 – 599
32.00 %
$ 30,000.

USED VEHICLES

Cond.
Model Yrs
Term
*APR
Per/$1000
Tier
Credit Score
Debt Ratio
MAX
Used
Any Year – 
1 – 5 year(‘s)
2.99 %
$ 17.96
1
700 – 850
42.00 %
$ 40,000.
Used
Any Year – 
1 – 5 year(‘s)
3.69 %
$ 18.28
2
600 – 699
38.00 %
$ 30,000.
Used
Any Year – 
1 – 5 year(‘s)
4.99 %
$ 18.87
3
500 – 599
32.00 %
$ 22,000.

*APR = Annual Percentage Rate, APY = Annual Percentage Yield. Individuals with credit scores of 350-499 are not eligible for consideration.
Tier 3 Co-borrower with at least a 650 or higher credit score and credit committee approval. Per/$1,000 is estimate only and based on maximum loan terms.


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.

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