At South Side Community Federal Credit Union, we are committed to empowering our members to achieve their financial goals. We understand that life’s journey sometimes requires a helping hand, and that’s why we offer a range of flexible and affordable loan options to meet your unique needs.
As a member-owned financial institution, SSCFCU is here to support you every step of the way. Please note that our loan services are exclusively available to our members. Not yet a member? Don’t worry – becoming a part of the SSCFCU family is easy, come visit us or give us a call at 773-548-5500.
Once you’re a member, applying for a loan has never been more convenient. You can initiate your loan application right in your member account.
Discover the loan options tailored to your needs and aspirations with SSCFCU. We’re here to help you achieve your dreams, one affordable loan at a time.
You can borrow up to $500 for 6 months.
Application fee: $20.00
Interest rate: 16% s/b
APR: 16.036%
Minimum requirement: Must provide most recent two pay stubs, receive a direct deposit, maintain a $150 deposit balance and have income of $1,000 per month.
You can borrow up to $1,000 for 6 months.
Application fee: $20.00
Interest rate: 28% or 27% with direct deposit
APR: 28.018 % OR 27.018%
Minimum requirement: Must provide most recent two pay stubs, maintain a $50.00 deposit balance, be a credit union member for thirty days and have an income of $1,000 per month.
You can borrow between $1,000 – $10,000 for paying bills, debt consolidation and purchases.
Application fee: $20.00
Terms: 6 months to 48 months
Interest rate: May range between 8% - 16% s/b
APR: 8.009% - 16.009%
Minimum requirement: Must provide most recent two pay stubs, proof of rent or mortgage, maintain a $50.00 deposit balance and demonstrate the capacity to repay the loan. To apply for a $10,000 loan, your credit score has to be 650 or above.
You can borrow between $150 and up.
Application fee: $10.00
Term: 6 months to 48 months
Interest rate: 4.05% s/b
APR:4.569%
This loan is 100% secured by available funds in your share/savings account.
SSCFCU will finance a new or used vehicle up to 90% of Kelley’s Blue Book value. The vehicle must be less than 7 years old. You can borrow up to $40K for a new car or $35K for a used car.
You can borrow between $400 – $4,000 against the title to your vehicle.
Application Fee: $25.00
Term: 6 months to 24 months
Interest rate: 16% or 15.5% with direct deposit
Minimum requirement: Must provide a title, copy of registration and insurance. Provide most recent two pay stubs, proof of rent or mortgage, maintain a $50.00 deposit balance, be a credit union member and demonstrate the capacity to repay the loan.
Loans are available up to $15,000 for startup and existing businesses.
Terms: Up to 48 months at 10%
Application fee: $25.00
Fees: 3% collateral filing and processing
Requirements: Business must be a legal entity located on the South Side of Chicago (FOM). Must maintain $100 account balance. Loans over $5,000.00 must be collateralized by auto or cash, and complete a loan application. The process may take up to ten days after submitting a complete application.
5401 South Wentworth Avenue #25 Suite 19E Chicago, IL 60609
773-548-5500
Your savings is federally insured to at least $250,000 and backed by the full faith and credit of the United States Government.
© 2023 South Side Community Federal Credit Union
