Overdraft Protection Loans:
With an ODLOC on your Checking account, funds would be transferred from the loan to cover any overdrafts and fees. You have the ability to pay the loan off at any time by using our Online Banking or calling our 24/7 Phone Teller to transfer funds from your savings or checking. Otherwise, on the 3rd of each month, if a balance is outstanding, a minimum payment is automatically deducted from your checking account.
Personal & Line of Credit Personal Loans
Need some extra cash? A personal loan allows you to borrow on the strength of your credit and capacity as the borrower, without the need of collateral. Life Happens and DSFCU is there to help meet your needs.
Line of Credit (LOC)
- With a LOC, you apply for a CREDIT LIMIT of up to $15,000.
- You draw on your credit limit as you need the funds.
- LOC’s may be even accessed by Online Banking or our 24/7 Phone Teller. Funds can be transferred to your Credit Union checking account or mailed to you.
Pay Day Alternative Loans:
No‐Credit Loan Alternative (STS) Application
Delta Schools FCU recognizes the importance of providing its member’s opportunities to rebuild
credit and provide alternatives to payday loans. Our STS loan alternative provides members with an opportunity to borrow for emergency cash needs without credit qualifications based on their account relationship with DSFCU.The maximum loan amount is $500 and must be fully repaid within two months.
Share Secured
Borrow against your savings and continue to earn interest.
Take out a Share Secured Loan for amounts up to 100% of available funds in your regular DSFCU share account or share certificate. Share Secured loans allows members without credit establish a credit rating. For established members the benefits are to get the loan you want without paying a high interest rate while still earning a dividend. Flexible terms to ten years, no credit needed.
