Loans
We have over forty years in the business of making loans to our membership. Credit Union loans really do make the difference!
No matter what type of purchase you may be considering, your first stop should be your Cal-Ed. We'll make you feel confident in your decision to finance with us knowing that your Credit Union truly has your best interest at heart.
For those who qualify, all loans have life and total disability insurance up to $35,000.00 aggregate paid for by the Credit Union with no direct cost to the borrower. Credit Disability Insurance is also available to qualifying members through CUNA Mutual Group. This protects your loan in the event of a disability or death. Ask a Credit Union member service representative for full details on this service.
Applying for loans is simple, easy and fast. In fact, most loans are turned around immediately or within 24 hours (excluding home equity loans, which require a title search).
Our member service representatives strive to help you make your decisions quickly, comfortably and—most of all—privately. Our pleasant atmosphere and technology help to service our members with utmost care.
While applying for your loan be sure to request your member service representative to review your options and especially your credit check to give you alternatives to enhance your current financial condition. Remember, consolidation or re-financing can actually lower your monthly payments and decrease your total pay back in many cases. Please, do not overlook this valuable opportunity while discussing your financial situation with your member service representative. Cal-Ed is here to serve you, the member.
Personal loan financing
Personal Loan Financing solutions are readily available at Cal-Ed. We have a variety of options to help you regain control of your existing debts.
- Signature Loans
- Share Secured Loans
- Collateralized Loans
Repayment
- Your loan payments can be automatically deducted from your account with Cal-Ed. Experience the convenience and savings of this service.
- Your loan payments can be direct deposited through our ACH process.
- Your loan payments can be done through payroll deduction with your employer.
- Your loan payments can be mailed to our office: Cal-Ed Federal Credit Union, P.O. Box 497, 100 Technology Drive, California, PA 15419.
- Or, have fun, convenience, safety, a piece of candy, and a bright smile from our Drive-Thru Teller while using the Drive-Thru facility.
Loans and credit lines
Our personal lending services are the solution to your real life needs! Cal-Ed has a wide array of lending services such as personal loans, vehicle loans, mobile home financing, and VISA credit lines, etc. We are ready to help you determine which loan type is best for you.
Auto Lending Center
We are your lending source for your next purchase. Cal-Ed offers you 100% financing on new purchases and high loan values on used purchases.
Avoid the stress associated with buying a vehicle. Just stop by our office prior, give us a call, or call from the dealership. FAX us a copy of your sales agreement and our member service representative will take it from there.
Vehicle Financing:- New Car/Truck
- Used Car/Truck
- Motorcycle/ATV
- Boat
- Mobile Home
Shared Secured Loans
Shared Secured Loans are easy and only take a few minutes to process. Many of our members enjoy the benefit of securing a loan with shares on deposit. They enjoy a lower interest rate by borrowing against their own savings. You can pledge shares on deposit in your share account or your share certificates.
Signature Loans
Signature Loans are unsecured loans that can cover those unexpected expenses or help you consolidate those high interest rate credit lines. Members can borrow up to a maximum of $10,000.00 with flexible payments available up to 60 months. The monthly payments can be conveniently transferred from your credit union account each month.