Competitive rates help you with financing when you need it most
Bridge Loans
A short-term Bridge Loan with SECU can help you with immediate cash flow until you secure permanent financing. For example, it can help bridge the gap between buying a new home and selling another. If used to pay off a 401K loan, the term limit is 30 days and payment will be made to the 401K plan administrator.
SLB Employees Credit Union offers competitive rates to its members and is a great benefit to SLB employees who relocate within the company to the U.S. (members must qualify).
Line of Credit
A Line of Credit can help you cover financial emergencies or short-term cash deficiencies. It’s an unsecured financing option that offers a two-year period of pre-approved credit. You won’t accrue any interest expenses until you withdraw on available funds. Once the funds are drawn, the minimum payment is based on a 36-month loan payoff schedule. Every time you make a draw, a new payment schedule is calculated.
Share and Certificate Secured Loans
SECU Share and Certificate Secured loans allow you to secure funds using the balance in your savings as collateral. SECU can loan up to 100% of your Share or Certificate of Deposit (CD) current value. Your Share or CD funds must be on-deposit prior to the disbursal of the loan.
APPLY FOR A SHARE OR CERTIFICATE LOAN
Go to main navigation