Student Loans

Congratulations on making the decision to further your education! Now you need to figure out how to finance your education. Erickson Credit Union offers student loans at reduced interest rates to help you reach your goals.

• Maximum of $14,000 per student, $20,000 per family.
• Maximum of $3,500 per school year per student, $5,000 per school year 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.
• 7 year amortization.
• Mother and father to guarantee or co-sign loan.

All Student Loans can be repaid at any time without penalty.