▶ Westerville
▶ Reynoldsburg
▶ Downtown Office
Secured Loans
Education First Credit Union offers a variety of Secured loans. Whether you are looking for a Home Loan, Auto Financing, or a Share Secured Loan, we are sure to have a loan product to meet your individual needs.
New Car or Used Car / Truck
We LOVE to make car loans, and we’ve been making them for over eighty-five years! We offer excellent rates on New and Used Cars and Trucks, and pre-approvals are available to help make your car shopping easier and hassle free. We will help you get the payment and terms that best suit your budget. Being prepared and preapproved for your loan will save you time and money, and the dealer will know that you are a serious buyer. This is definitely the way to go to help you get the attention and consideration you deserve. We invite you to apply now!
Offer subject to credit approval. Some restrictions apply. Rates and terms subject to change without advance notice.
Auto Refinance Loan
Do you have a car loan now, with another lender, credit union or bank? Rates have decreased over the past few months, and markedly so over the past year or two. It may be financially advantageous for you to move your loan to Education First Credit Union. Please let us review and compare the terms of your current car loan to see if we can save you money. We may be able to lower your monthly payment, reduce your term, or your overall interest expense. It will only take a few minutes, and you might be surprised at how well this can work for you. We can do the same thing for any loan you have elsewhere. Let us compare and see if this makes good sense for you.
Remember, we have your financial best interests in mind. If a refinance improves your situation and can save you money to transfer your loan to us, we will show you in dollars and cents.
It’s a fast, simple and easy process. Why wait, when we can start right now?
Offer subject to credit approval. Some restrictions apply. Rates and terms subject to change without advance notice.
Home Equity Loan or Line of Credit
Your home is one of, if not your largest asset. You have worked very hard to get it, keep it, and make it into the haven that you deserve. Many people tap into the equity in their home to pay for other needs. The most common are for home improvements, to pay for a car, or college tuition, a wedding, medical expenses, and such.
These rates have remained low, so this type of loan is frequently the best option for any homeowner with a borrowing need. This loan doesn’t take long to close, and you have two options based on your needs and preferences. You can choose a fixed rate or a variable rate, and you can also choose a closed end or open end loan. We will explain the differences very clearly and help you pick the one that works best for you, and your individual needs.
Offer subject to credit approval. Some restrictions apply. Rates and terms subject to change without advance notice.
You say you want to borrow $30,000 for a room addition. It may be best for you to set this up on a fixed rate for 5 years or 10 years. You will have a flat recurring payment for a set period of time. This makes it easy to budget and manage your money.
Offer subject to credit approval. Some restrictions apply. Rates and terms subject to change without advance notice.
Establishing a home equity line of credit allows you to access the equity in your home on very flexible terms. You can draw funds from our equity line of credit, repay what you’ve borrowed, and access it again. The process is simple, easy and secure.
You can expect suburb value… because we don’t sock you with a bunch of extra fees. The Appraisal is FREE, your Title Search is FREE, and your Application is FREE. Call for complete details and current rates. Or, you may just wish to go ahead and apply.
We invite you to do so!
Apply Now!
Home Equity Early Disclosure (Borrowing 80% or less of your home’s value) – click here
Home Equity Early Disclosure (Borrowing more than 80% of your home’s value) – click here
What You Should Know About Home Equity Lines of Credit – click here
Some restrictions apply. Subject to borrower’s ability to qualify and satisfactory appraisal of subject property. Contact Education First Credit Union for complete details. Closing costs may be applied if the home equity loan is closed within three years of the loan open date.
Home Loan
Buying your first home, moving to a bigger one, or refinancing your current mortgage is a big decision. We will be glad to meet with you to discuss your options, and review how the process works. We can walk you through each step if you need us to. It is important for your questions to be answered and for you to know and feel that you are in good hands.
Education First Credit Union offers a variety of first mortgage programs. We can help you find the combination of down payment, term and payment that fits your specific needs. We are a great resource for a new home purchase or to refinance your current home. For current rates and / or to apply for a first mortgage click here. If you have questions please contact our mortgage department at 614-340-1504 or email: mortgage@educu.org
Free Prequalification-See how much you are eligible to borrow and how the payment will fit your budget.
No Origination Fees – Education First Credit Union does not charge an origination fee on Conforming Loans.
Low Closing Costs – Absolutely No hidden fees due at closing.
A resource is available to our members! Fannie Mae Home ViewTM. A clearer path to homeownership. Welcome to your go-to resource for every step of your homeownership journey. No matter your goals or background, we’re here to help. Click here for more information.
Some restrictions apply. Subject to borrower’s ability to qualify and satisfactory appraisal of subject property. Contact Education First Credit Union for complete details.
Boat, Motorcycle and RV Loans
An Education First Credit Union New or Used Recreational Vehicle Loan allows you to have lots of fun and enjoyment in the great outdoors! If it’s a boat or RV you are thinking about, we are sure to have a loan to meet your needs. If you are eager to hit the open road on a new or used motorcycle, we can help you with that, too.
Offer subject to credit approval. Some restrictions apply. Rates and terms subject to change without advance notice.
Share Secured
You may qualify for a lower interest rate by securing your next loan with your share savings account or your share certificate of deposit. You continue to earn dividends on your savings while enjoying an excellent rate on your loan. This is an ideal way to strengthen your credit score, and it allows you to borrow at an exceptionally low interest rate. Call or stop by and we’ll tell you more. (614 -221-9376 option 2 – or toll free at 1-866-628-6446 option 2).
Offer subject to credit approval. Some restrictions apply. Rates and terms subject to change without advance notice.
Loan rates are reviewed constantly, and we strive to keep them competitive and attractive for our members. In fact, this is a critical focus at your credit union. We are also committed to helping every member save money, make money, and have easy access to their funds for managing their accounts.
We will help you to understand all of your borrowing options so you can make an informed and educated decision that will serve your specific needs, in a manner that serves your financial best interests.
Offer subject to credit approval. Some restrictions apply. Rates and terms subject to change without advance notice.
