LOWELL MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION

DO YOU NEED A VACATION LOAN??

ARE YOU A MEMBER OF THE CREDIT UNION??

The LMEFCU will be accepting applications for

“VACATION LOANS”

Loans are approved and interest is determined based on credit scores reported by EQUIFAX.

Approval also depends on the amount of monthly debt.

Maximum Loan Amount (Base on Credit Score):   $3,000.00

CREDIT SCORE:      PMT PERIOD:        INTEREST RATE:     MAX. AMT.:      

  650 OR MORE        52 WEEKS                   9%               $3,000.00

     600-649                    52 WEEKS                   10%               $2,500.00  

     *500-599                    52 WEEKS                   11%               $2,000.00    

  (*REQUIRES A CO-BORROWER WITH A SCORE OF 650 OR HIGHER)

                                        The present credit union policy allows for only 2 unsecured loans at any point in time.

      Credit union hours 8:30am – 4:00pm M-TH, FRI-8:30-12:00