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Loan Descriptions

About Our Loans

We are committed to providing our members with fast loan decisions and competitive rates. We offer you a variety of loan programs to help you get what you need, when you need it. A $15 application fee applies, per loan.

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 $15 application fee applies.

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. A $15 application fee applies.

Auto Vehicle

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

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 Kelly Blue Book and will be approved within 2-4 business days. Loans will not be issued for cars 10 years or older.

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.