Loan Services |
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Credit Cards
SCFCU offers Visa Platinum and Visa Platinum Preferred. Visa is accepted around the world and can be used to access cash at ATMs and financial institutions. Our cards feature low rates, no annual fee, 25-day grace period on purchases. Also, at no cost $1,000,000 of travel accident insurance when you charge your common carrier (airline, bus, train, etc.) tickets to your Visa.
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VISA Platinum Preferred Benefits
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Rewards!Auto Loans
Along with exceptional low rates, you'll enjoy flexible terms, with up to 100% financing available. Our approvals are fast. There's no prepayment penalty. Plus we offer easy repayment methods such as payroll deductions and automatic transfers. To make buying and financing even easier, select auto dealerships now offer SCFCU financing right at the dealer.
Mechanical Repair Coverage - Protection against Costly Vehicle Repairs
Mechanical Repair Coverage (MRC) pays for covered repairs (cost of parts and labor) on your vehicle when unexpected breakdowns occur. You may purchase your coverage at any time as long as your vehicle is 10 years old or newer with 100,000 miles or less. Once you select your plan, you're immediately covered.
Mechanical Repair Coverage also includes:
- 24 hours, toll-free roadside assistance
- Rental Reimbursement
- Nationwide authorized repair facilities
- Emergency travel expense
Guaranteed Asset Protection - Protection against vehicle depreciation
Insurance doesn't always cover the full value of your vehicle after an accident. Guaranteed Asset Protection pays the difference between your primary insurance settlement (vehicle's actual cash value) and your loan balance in the event your vehicle is stolen, accidentally damaged beyond repair, or declared a total loss.
Signature Line of Credit (LOC)
A line of credit is a revolving credit line, which features flexible terms with the convenience of accessing funds instantly. Once your credit line is established, you can access it whenever you need. As you make payments to lower your balance, those funds will become available again and again.
This can be used when you need it, within the amount of your credit limit. Therefore, you only pay interest on the money you actually borrow.
Easily access funds by:
- Signing into home banking
- Calling Shell-Tel 24 - member information line: 618-254-8599
- Contacting a Financial Service Officer - phone: 618-254-0605 or email: support@shellcu.org
- Coming into one of our branch locations
Open End Insurance Application
10.90 Addendumn
11.90 Addendumn
13.90 Addendumn
17.90 Addendumn
Loan Rates
Home Loans
Our experienced loan officers are committed to helping locate the right loan for you. We offer competitive fixed or adjustable rate mortgage loans that feature a flexible choice of terms.
Click here for addtional information, loan calculators, and more.
Home Equity Loans
Using the equity in your home is a convenient way to access extra cash. This can be used for home improvement, debt consolidation, educational expenses or other purposes.
Benefits of using our home equity loans include:
- Competitive fixed rates and flexible terms
- No closing costs on select plans
- Potential tax savings - the interest may be tax deductible
(consult your tax advisor) - Borrow up to 90% of the appraised value of your home, less than what you owe
Here's an example:
Appraised value $75,000 Times 90% x 90 Subtotal 67,500 Less mortgage - $40,000 Maximum loan amount $27,500
Loan Rates
Home Equity Line of Credit (HELOC)
Capitalize on the investment you have in your home and borrow what you need. Interest is only applied to the amount that is borrowed, which saves you money. This allows you flexibility with the amount of money you spend and the payments you make.
Benefits of our HELOC include:
- No closing costs on select plans
- Free checks for easy access to your funds
- Potential tax savings - the interest may be tax deductible
(consult your tax advisor) - Borrow up to 90% of the appraised value of your home, less than what you owe
