Loans

We offer a variety of personal loans at competitive low annual percentage rates to use for any purpose such as purchasing a new computer, paying off high interest credit cards, taking a family vacation and much more!

Your good credit and a signature is all you need. Offering generous loan amounts for qualified members with terms up to 60 months.

Need to merge your debts? Maybe high interest credit cards are becoming a real nuisance. Whatever the reason, if you need up to $10K we can arrange it quickly at a reduced rate.

It can replace the need for one or several signature loans. Once a line of credit has been approved you may borrow a minimum of $500 up to your credit limit. A definite advantage for this type of loan is the speed with which you will receive your money after the credit line has been established.

If credit scores are holding you back from obtaining cash quickly, this loan may be your best solution. Borrow using your paid-off car title as collateral plus enjoy a reduced interest rate compared to traditional personal loans.

Your credit status or debt ratio is of no concern with this loan. Simply use your savings account as collateral for the equal amount and your loan is approved immediately. As the balance owed on the loan decreases, an equivalent amount becomes available in your savings. You’ll also pay a much lower interest rate while continuing to earn dividends on the savings.

This credit line works in conjunction with your Share Draft Account. It advances up to $1,500 to your checking account in the event checks are presented against insufficient funds, thereby saving you the cost and embarrassment of returned checks.

You can get better performance out of your budget and more miles out of your money when you finance a new or used vehicle loan at Stoneham m.e. FCU. Members can finance a new vehicle with no money down (100%) and used autos are financed up to 90% of their value.

Unhappy with your current vehicle loan elsewhere?
Stoneham m.e FCU will gladly offer you our “Auto Transfer Loan” and transfer your existing balance and payments to us at our low rates.

With a Stoneham m.e. FCU Platinum VISA®, you’ll have affordable credit at your fingertips whenever you need it most. No matter where your adventures take you, your low interest and no annual fee Platinum VISA® Credit Card is packed with everything you need for convenient purchasing power.

New to the world of credit or wish to rebuild your credit history?
Our secured card could be the perfect choice. A Secured VISA Credit Card looks and functions just like a standard credit card but requires a share deposit equal to your credit limit.

Enhanced Home Equity Loans at Stoneham m.e. FCU will help you feel more secure about your borrowing decisions and your future. As a homeowner, you can use your home’s equity to finance virtually anything, including home improvement projects, debt consolidation, family vacations, college tuition and much more!
Contact one of our Loan Representatives today and ask for the Home Equity Application Package that best fits your needs.

In search of the perfect home or is it simply time to refinance for that special purpose? Let us help you finance it. We offer low-cost, fixed rate 1st mortgages from 10 to 30 years plus many other home loan options; click here for Mortgage Rates. To learn more, contact one of our credit union staff at 781-438-3959 or 978-658-5394.

Stoneham Municipal Employees Credit Union offers a zero-percent Mass Save Heat Loan to owner occupied 1 to 4 family homes for the installation of qualified energy efficient home improvements to help reduce the costs associated with both heating and cooling to qualified members up to $15,000.00.

To qualify you must have a Mass Save Energy Assessment completed.  Call (866) 527-7283 to schedule a free home energy assessment through Mass Save.

Once you have completed your home energy assessment and have decided which projects you want to complete, give us a call or come by to one of our branches so we can begin the loan process.

Members must meet program eligibility requirements to participate. Eligibility for the HEAT Loan Program is based on completing a Home Energy Assessment and pre-approval. Some restrictions apply and offers are subject to change or cancellation. Financing is subject to credit approval. Additional terms and conditions apply. Visit MassSave.com/heatloan or call 1-866-527-SAVE (7283) for details and to learn more about the program.

Get the money you need for school! Whether you’re an undergrad, grad student, or a parent, we have loans to meet your needs!

• Competitive interest rates
• Multiple repayment options
• No origination fee or prepayment penalty