Loan Accounts

Pittsburgh Federal Credit Union offers a variety of loan services to our members. These include signature loans, new and used vehicle loans, shared secured loans, home equity loans and a one year loan special up to $3,000.00. There are no hidden costs or prepayment penalty with our loans.   Interest is calculated on the unpaid principal amount.  Every time you make your payment,  a certain amount of the payment goes toward interest and the remaining portion of your payment is applied to your outstanding principal.

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Loan Rates

Credit LevelGoldSilverCrystalBronzeQuartzNotes
Credit Score730 and Up729 - 670669 - 620619 - 570569 and Under 
       
Signature - Max$5000.00$5000.00$5000.00$3000.00$2000.00 
36 Months7.00%8.00%11.00%15.00%17.00% 
 $10,000.00$10,000.00$10,000.00$6000.00$3000.00 
60 Months8.00%9.00%12.00%16.00%18.00% 
       
Seasonal Special$3000.00$3000.00$3000.00$2000.00$1000.00 
12 Months5.00%6.00%7.00%10.00%13.00% 
       
New Vehicles 2016-2015
(untitled or <10,000 miles)
100%100%100%80%80% 
36 Months2.25%3.25%4.25%14.00%16.00% 
48 Months2.50%3.50%5.25%15.00%17.00% 
60 Months2.75%3.75%5.75%16.00%18.00% 
72 Months2.80%3.80%6.00%n/an/a 
       
Used Vehicles - 7 Years Old100%100%100%80%80% 
2016-2015 Up to 72 Months3.25%4.25%5.25%13.25%15.25% 
2014-2012 Up to 60 Months4.25%5.25%6.25%14.25%17.25% 
2011-2009 Up to 48 Months5.25%6.25%7.25%14.25%17.25% 
2008-2005 Up to 48 Months6.25%7.25%8.25%14.25%17.25% 
       
Motorcycles90%90%90%80%80% 
New 2016-2015 Up to 60 Months5.75%6.75%7.75%12.75%15.75% 
Used 2014-2011 Up to 60 Months7.25%8.25%9.25%14.25%17.25% 
       
Home Equity Loans      
12 - 60 Months2.99%3.49%3.99%  Standard and customary Home
61 - 120 Months3.49%4.49%5.49%  Equity loan fees will apply.
121 - 180 Months3.99%5.49%6.49%  (See schedule of fees and charges)
       
100% Share Secured      
36 Months4.00%     
60 Months5.00%     
       
Visa Credit Cards12.75%     
       
Better Choice Loans     10% of loan in shares, $20 fee and
$200 to $570 3 Months18.00%    60 day membership also required.

Please Note: Financing on vehicle loans up to 100% of MSRP or NADA Average Retail Value. Home Equity Loans are available up to 80% of the market value minus any prior liens. Rates are subject to change without notice. Please contact the credit union for the most current rates. To apply for a loan, simply stop in the office for an application. You may also call or email a request for an application to be mailed to you. Members have several options regarding repayment – automatic monthly payment from your checking account, monthly with a coupon book, payroll deduction, weekly, or biweekly payments. Automatic payment is available with any of our loan services. We offer life insurance and disability insurance at a nominal cost to the member.

BETTER CHOICE LOANS

Pittsburgh Federal Credit Union is now offering “Better Choice Loans”.

Better Choice loans are an affordable alternative loan program to Pay-Day lending loans. The program is designed for our members to use as a solution to the growing problem of payday lending practices. The Better Choice Program is supported by a joint effort between the Pennsylvania Credit Union Association, the Pennsylvania Treasury Department, and the Pennsylvania Department of Banking. These organizations have a strong interest in helping low and moderate income Pennsylvanians manage their finances and meet their financial needs without resorting to high-cost products such as pay-day loans. Just as Pittsburgh Federal Credit Union does!

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