Closing Costs Are Going DOWN!
To celebrate North Memorial FCU's 50th Anniversary we are offering our CLEAR Mortgage with $50 closing costs. (This is a $850 savings.)
CLEAR Mortgage allows you to own your home free and clear in 15 years or less. CLEAR Mortgages are ideal if your mortgage is $150,000 or less and your loan to value is less than 60%.
Call or email Bud ( 763-367-7703 ) today with any questions.
Reminder to Members:
Before you take that wonderful vacation or interesting business trip, please call the credit union to let us know that you will be traveling. This will ensure that your NMFCU debit and/or credit card will not be blocked. We want to make sure that it's you in Mexico or Miami and not someone else!
Private Student Loan Program
Federal loans not enough to cover the cost of your college education? The cuScholar Loan can be the answer to your funding needs.
- Borrow as little as $2,000 or up to Cost of Attendance per year for a maximum of $120,000 in undergraduate loans or up to $160,000 in graduate loans
- Variable interest loans 2.99%-8.99% plus 3 month LIBOR
- Interest paid on loan may be tax deductible. Please consult your tax adviser
- Zero origination fee for all creditworthy student borrowers. Borrower has the option to choose between making interest payments or a nominal $25 Proactive Payment towards the loan while in school
- Use the funds for any qualified educational expense, including past due tuition bills
- No prepayment penalty and 30-day loan cancellation policy
- Fast pre-approval once we receive your completed application
- Credit + Academic based underwriting. We use the ACS grade, which takes into account the credit history of the borrower/cosigner as well as the academic progress of the student. Good grades and getting closer to graduation means a lower loan rate!
- 1% Interest Rate Reduction once you have entered repayment and repaid just 10% of the loan
- 30 Day No-Fee Return Policy. Find a cheaper way, you can cancel the loan. No questions asked. As long as you cancel within 30 days of the disbursement date, you owe no fees and no interest!
- Zero Origination Fees for creditworthy student borrowers.
- Cosigner release after 24 payments. The co-signer may be released from the loan once the loan is in repayment and the borrower has made just 24 consecutive, on-time payments. The borrower must meet the minimum credit requirements.
Eligibility & Credit Requirements:
- Borrower must be enrolled in an eligible school and pursuing a degree program
- Borrower must be a member or join a participating credit union during the online application process
- Borrower and cosigner must be a U.S. Citizen or permanent resident
- All creditworthy student borrowers can apply without a cosigner. Students are encouraged to apply with a creditworthy cosigner for a better chance of approval and/or lower interest rates.
- For more information or to apply, click HERE!
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NMFCU will not initiate an email that requests you to go to our website and update your personal information. If you ever receive such an email please notify us immediately.
We do Mortgages!
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