Loans

Consumer 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!

Personal & Co-signer Loan

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

Consolidation Loan

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.

Personal Line of Credit

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.

Auto Title Cash Loan

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.

Share Secured Loan

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.

Over Draft Line of Credit

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.


Auto Loans

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 85% of their value.

  • Finance cars, trucks, vans and motorcycles
  • Pre-approvals are available
  • Extended terms up to 72 months on both new and used autos
  • Refinancing available — contact us to compare interest rates

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.


Credit Cards

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.

  • Low Rate
  • No Annual Fee
  • Limits up to $15K

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.


Home Equity Products

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.

  • Make balance inquiries, obtain payment information or transfer loan payments through Stoneham m.e. FCU’s FREE Online Banking program
  • Interest may be tax deductible (consult with your tax advisor)

Home Equity Line-of-Credit Loans

  • Variable rate line-of-credits
  • Up to $100K LOC program for qualified members with rate set at prime lending rate in the Wall Street Journal. The minimum rate is 4.00%
  • Access your funds as often as you wish for up to 10 years
  • Borrow up to 80% of your home’s equity
  • Purchase items or obtain cash advancements through Stoneham m.e. FCU’s FREE check book system
  • Reduced or $300 Credit toward closing costs, with a minimum draw of $20,000

Home Equity Fixed-Term Loans

  • Low, fixed rates with terms for 5, 7, 10 and 12 years
  • Generous loan amounts up to $125K for qualified members
  • Borrow up to 80% of your home’s equity

1st Mortgage Products

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.

Check Rates & Apply

Mass Save HEAT Loans

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.

For more information regarding Mass Save HEAT Loans, visit their website at masssave.com

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. There are no application fees. Click on to this CHART to see the steps involved.

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.


Student Loans

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
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