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Student Loans, Student MasterCard

Student Loans

Congratulations on making the decision to further your education!  Now you need to figure out how to finance that decision.  Erickson Credit Union offers student loans at reduced interest rates to help you reach your goals.
  • Maximum of $5,000 per school year per student, $10,000 per school year per family
  • Maximum of $20,000 per student, $40,000 per family
  • Fixed rate for one year at prime
  • Interest payable after one year and annually
  • Payments start 3 months after student stops attending school on a full-time basis
  • 8 year amortization
  • Parents/Guardians to guarantee or co-sign the loan
  • Can be repaid at any time without penalty

Student MasterCard

The student MasterCard card can help the student build a credit history.  With a credit limit of $500- $2,000, the student MasterCard card also features the benefits of CHOICE REWARDS (optional)- and, if selected, bonus sign-up points, mastertrip, masterpurchase, and balance protection insurance (optional).  Student must be 18 years of age to qualify.  To find out more, please contact the branch.


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