To become a member, simply open a Savings Account with a deposit of $25.00 or more. Proper identification and proof of primary residence are required to become a member of PSCU. Acceptable forms of identification include:
• A valid (un-expired) driver’s license • A valid Social Security Card (required for minors) • A valid Company Picture ID • A valid (un-expired) State Issued ID Card • A valid (un-expired) Passport
Rate, term and amount quoted are based on our “A+” credit grade. Your rate, term and amount may differ depending on your credit score. A personal loan up to $15,000 has rates as low as 10.99% for up to 48 months. A share secured loan has an APR of 3% above the current share dividend. The maximum term is 10 years.
The two major differences between a home equity loan and a home equity line of credit are the interest rates and repayment policies associated with each plan.
A home equity loan usually has a fixed interest rate (amount paid on loan remains same every month) while a home equity line of credit has a variable rate (amount paid on loan each month may vary).
Home equity loans generally have a fixed monthly payment that will remain constant throughout the repayment plan. In the case of home equity lines of credit, monthly interest rates can fluctuate, which may affect the amount owed on the loan for any given month.
PSCU offers a maximum loan of $250,000 and offers a maximum loan-to-value of 80%. In determining your actual credit limit, PSCU will consider your ability to repay the loan by looking at your income, debts, and your credit history.
This answer depends on the type of mortgage that you have.
Some examples of loans in which your interest rate will not change are FHA loans and fixed rate loans. Any loan that is characterized as a fixed rate loan will have constant interest rates.
However, other types of mortgages, such as adjustable rate loans can result in interest rate changes. These types of loans will generally have a set amount of time in which the interest rate is fixed. At the end of this period, the rate will be subject to change.
Credit card holders may be subject to balance transfer fees and cash advance fees as well as any late payment fees from these transactions. In addition, members will be responsible for foreign transaction fees.
You can use an ATM/debit card just like a credit card wherever Visa® cards are accepted. However, when you use a ATM/debit card, the purchase amount is deducted directly from your PSCU checking account.
Access your money at any SUM ATM without a surcharge. Just look for the SUM logo on participating ATMS or click here for SUM network locations. Members may be subject to ATM fees when using non-SUM ATMS.