Auto & Personal Loans
Rates
As a not-for-profit financial cooperative, the ELCA Federal Credit Union can offer lower auto loan rates and personal loan rates than most other financial institutions.
Auto Loans
Affordable Auto Loans from the ELCA Federal Credit Union for the purchase or refinancing of a new or used car, motorcycle, power-sport and recreational vehicles.
- Quick pre-qualification and fast funding
- Easy, secure application
- Competitive rates
- Flexible terms up to 72 months
- No pre-payment penalties
- Rate discount for auto-pay
- Skip-a-pay options available
- Good for purchase of new and used cars, or refinancing an existing loan held elsewhere
Personal Loans
The ELCA Federal Credit Union provides Personal Loans up to $25,000 to help pay for school expenses, home remodeling, unexpected car repairs, consolidate credit card debt or finance a special project.
- Quick pre-approval and fast funding, including same day funding options for qualified loans
- No pre-payment penalties
- Competitive rates
- No application or origination fees
- Flexible terms up to 60 months
- Borrow up to $25,000, with funds disbursed all at once
- No collateral required
- Rate discount for auto-pay
- Skip-a-pay options available
Personal Line of Credit
The ELCA Federal Credit Union Personal Line of Credit gives you access to cash when you need it. It's perfect for special purchases, managing credit card debt or to be prepared for unexpected expenses.
- Pre-approved credit limit
- No annual fee
- No collateral required
- Competitive rates
- Borrow up to $25,000
- No application or origination fees
- Funds easily accessible via online banking, mobile app, or debit card
- Good for construction and other projects where funds are not all needed at once
- A way to be prepared and covered for emergencies or unforeseen expenses
"Marie has been wonderful! Extremely thorough and she has explained everything along the way. Customer service level: expert. She helped me consolidate loans and reduce my interest rates, saving me hundreds of dollars over the life of the loans. The whole process could not have been easier. Personal touch at every step along the way!"
Brooks Rankin
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Member, Faith Lutheran Church Waconia, Minnesota
Mobile App: Account Access Whenever, Wherever
With our mobile app available for Android and Apple devices, you can:
- Deposit checks using Remote Deposit Capture*
- Search for a free ATM nearby
- Pay bills
- Transfer funds to/from internal and external (A2A) accounts
- Send money to anyone by text or email using person-to-person payments (P2P)
- Check your credit score in real time
- Sign up for eAlerts and much more
*First-time remote deposit users must complete a brief enrollment process. Launch our app, select Remote Deposit and then click Sign Up to enroll. New users are typically approved by the following business day. Normal check-hold policies apply.
Free Online Banking: Freedom to Bank from Wherever You Are
Every ELCA Federal Credit Union feature is at your fingertips, quickly, securely and completely free with It’s Me 247 online banking.
- Access all of your savings account details online, including account balances, pending transactions and a complete transaction history with links to images of checks
- Open a checking account, secondary savings account or CD
- Apply for a loan or credit card
- Get your free monthly eStatement online as soon as it’s ready. No waiting for the mail. And because it’s paperless, it’s the green way to bank.
- Set up free eAlerts to let you know if an account balance is low or high, when an automatic withdrawal or deposit is made or when a loan payment is due
- Complete Member-to-Member (M2M) transfers, which allow you to transfer funds immediately and directly to other ELCA Federal Credit Union members
- With Account-to-Account (A2A) Transfers you can link your ELCA FCU account with your accounts at other financial institutions and transfer funds to and from these accounts free of charge.
- Quickly and easily transfer funds to anyone using Person-2-Person (P2P) payments. All you need is an email address or cell phone number. This service is free of charge and in most cases, the money arrives in just a couple of days. Must be enrolled in our free bill pay.
Free eStatements
Enroll online now to receive eStatements – the faster, greener, paperless way to track account activity. Your 12 most recent eStatements will always be available online and at the beginning of each month, you’ll be notified by email when your eStatement is ready to view or download. Download your account information into your choice of Microsoft Money, Intuit Quicken, or Intuit Quickbooks and CSV format. Also available is the legacy file version (QIF) for use in older programs.
Enroll now!Paper statements are available for $1 per month to cover printing and postage costs.
eAlerts
Stay on top of your finances by enrolling for eAlerts. Receive an email or text message to notify you of any of the following:
- When your account balance is above or below a designated threshold
- When an ACH deposit or withdrawal occurs
- Loan payment due date
- General account notices for overdrafts, CD maturity and more
