Lending

One of the credit union's primary goals is to provide a reliable source of credit for its members' needs.  Loans are made for most productive purposes: to pay debts, to purchase vehicles, to pay medical or eduation expenses, to buy furniture or appliances, and more.

Loans are made in accordance with policies established by the Board of Directors and are granted based on length of employment, credit history, need, and ability to repay.  Loan officers look for reasons to approve loans, not to disapprove them.


New & Used Vehicles, RVs, Boats and Motorcycles

Texoma Educators FCU can offer up to 100% financing on new autos loans.  With pre-approval and flexible terms, our loan officers will help you find the loan that best suits your needs.


Personal Loans

A personal loan from TEFCU can help you with those unexpected expenses.  This option is available for a wide variety of purposed including debt consolidation, vacation, medical expenses, and more.


Share & Certificate Secured Loans

This loan is secured by your deposits here at TEFCU.  A share or certificate secured loan allows you to cover expenses without depleting your savings accounts.  You'll also find that the rates are considerably lower than a traditional personal loan.


Automatic Loan Payment

With payroll deduction, where available, you can have your loan payment automatically deducted from your paycheck each month.  You can also use our automatic transfer program to have your payment transferred directly from a credit union account on the same day each month.  These options give you the confidence in knowing that your loan payment will always be made on time even when you're out of town.

 
How to Apply for a Loan

Loan applications are available at all credit union offices and can be mailed to you at your request.  Once you have completed the loan application, simply turn it in to a teller or loan officer.

You can also apply online!  Simply follow the instructions on the page, and you loan request will be sent to us when you click "Submit."  Processing will begin immediately!  In most cases, you will have a reply within 24 hours.

View our current loan rates.

If you need an interview with a loan officer, please contact us.

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Texoma Educators Federal Credit Union
506 W. Lamar
Sherman, TX 75090
(903) 892-1505