Suncoast Schools Federal Credit Union How You Can Improve Your Credit Score Here ph
Credit unions are becoming an increasingly popular alternative to traditional banks. Unlike banks that answer to shareholders, credit unions are owned by members and are non-profit. Suncoast Schools Federal Credit Union in North Carolina is open to a wide variety of people in the area, including employees of public and private schools, hospital staff members, local business employees and members of the SSFCU Retirement Association. Some parents with children enrolled in schools in the area are also eligible to join the Suncoast Schools Federal Credit Union.
Members of Suncoast Schools Federal Credit Union can save a significant amount of money over banks for services like checking accounts and personal loans. Interest rates for a 15 Year Home Equity loan start at an 8.25% fixed rate. Variable Rate 20 Year Home Equity Loans start at 5%. Mortgage loan rates are also lower than many banks. Fixed Rate Land/Mobile Home Loan Packages start at 7.25% for a 144 month term. For a 240 month Variable Rate Land/Mobile Home Package, rates start at 6.25%. There are also loans available for the first time home buyer. Benefits include quick closings with an average closing time of 10 days. Local down payment assistance is also available and applications are available online. Loans are also available for a variety of transportation, including new cars, recreational vehicles,motorcycles and Harley Davidsons. A 60 month loan on a new motorcycle starts at 7.25% interest. Suncoast Schools Federal Credit Union also offer personal lines of credit to qualified members. Benefits of the personal line of credit include overdraft protection and cash advances up to the credit limit. Special credit cards are available for students that are enrolled in are two and four year colleges. Credit limits go up to $500 and interest on the student credit cards are 12.5%. There is no annual fee and students are eligible even if they have never had credit before. Like traditional banks The Suncoast Schools Federal Credit Union also offers checking an savings account. Regular Share Membership savings accounts has a dividend rate of 1.49% on balances over $5.00. Checking accounts earn .50% on all balances over $1000. Share certificates offer larger interest rates. A $500, six month or twelve month certificate as a dividend rate of 4.35% an an APY of 4.45%.
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