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Loan Descriptions

About Our Loans

We are committed to providing our members with fast loan decisions, competitive rates, and no application or origination fees. We offer you a variety of loan programs to help you get what you need, when you need it.

Signature Loan

Our Signature Loan is basically an unsecured installment loan, based on your income and credit rating,It uses only the borrower's signature and promise to pay as collateral.

A Signature Loan gives you access to cash without having to tie up other assets. And, unlike other forms of personal credit (like a credit card), you have a fixed rate and term so you can budget the same payment amount every month. A $5 credit scan fee is charged for this loan.

Pledge of Shares Loan

Our Pledge Loan is secured by the amount you have in savings. Since you continue to earn dividends on your savings funds, you end up with an extremely affordable loan without depleting your savings.
It’s also a great way to establish or re-establish credit! No credit scan is needed for a Pledge of Share Loan.

Credit Revival Loan

The Credit Revival Loan, developed for our members as an excellent alternative to other payday lending,  offers a credit limit maximum that can be paid off reasonably within a year. A $25 loan processing fee will be included in the amount.

Loan applicants must have been a Credit Union member in good standing for one year or more, be a full time Loyola employee, and make loan payments through payroll deduction. A credit scan will be pulled, regardless of the loan amount.

You will build positive credit as your repayment history will be reported to credit bureaus. Some restrictions apply. Please consult with one of our loan representatives for more information.

Auto & Recreational Vehicle

Buying a new or used vehicle? Need to refinance a vehicle you've already purchased? Want to buy a boat, motorcycle, RV or other vehicle?

Our rates are very competitive. We encourage you to compare our rates to those offered by banks. We can probably reduce your current payments by refinancing your vehicle at a lower rate. Keep in mind we offer simple interest rates.

All Car Loans will be valued for financing per the NADA book and will be approved within 24-48 hours or sooner. Loans will not be issued for cars 6 years or older, unless it is an antique car.

Our partnership with Enterprise Car Sales is an added benefit.Visit: www.cuautodeals.com for full details and available vehicles.

Check out our One Stop Vehicle Shopping web page, or call a loan specialist for more information.

Applying for a Loan

Loyola University Employees Federal Credit Union
2160 South First Avenue - Maguire Center Maywood, IL 60153
Phone: 708.216.4500 | Fax: 708.216.6546
Loyola Credit Union Routing Number # is 271992141

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Membership in the Loyola University Employees Federal Credit Union (LUEFCU) is open to anyone who works for or is paid by Loyola University Chicago or Loyola University Health System on any campus or location anywhere.

That includes full and part-time Loyola faculty and staff, employees and student employees as well as Loyola affiliates or contractors, plus immediaite family members of these eligible participants.