York Educational Federal Credit Union
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Loans at YEFCU are low cost. But don't just take our word for it. Shop before borrowing--find out how much a loan costs in dollars and cents, not just in percentages. The credit union exists to meet the needs and requirements of members, not to make a profit on them. Members can borrow for virtually any worthwhile purpose - emergencies that demand cash, consolidation of pressing debts, installment purchases of every description. Members can borrow when it's necessary, or when it's merely convenient. Many members have learned the wisdom of borrowing to avoid withdrawal of hard-to-replace Life Savings insured shares. To be eligible to borrow, a member must have at least $50 in shares. There is no waiting period to apply for loans. Rates are based upon the purpose of the loan and/or collateral offered. Loan rates can be reduced by 0.25% on most loans from YEFCU by simply agreeing to automatic payments (payroll deduction, direct deposit, or other periodic transfer of funds). When borrowing, members can protect themselves and their families with Credit Life Insurance and Credit Disability Insurance. Both are available through CUNA Mutual Insurance Group at very reasonable rates. Most loans are processed within two business days of receipt of the completed application. See Current Rates for loan rates. Remember, too, that loans may be paid ahead or paid in full at any time, thus reducing the total cost of the loan. There is never a prepayment penalty.
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