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Los Alamos Schools Credit Union Unsecured Loans

Los Alamos Schools Credit Union has two different unsecured loans for you to choose from:

  • educational loans
  • personal loans

These loans are unique in that you may choose to have balances as high as $20,000 for personal loans or $5,000 for educational loans based on approved credit. You may have the personal loan in one loan or a combination thereof, and the interest rates are lower than a major credit card.

A personal loan is a fixed term loan that can be used for credit card consolidation, medical expenses, home improvement, or any other personal need.

Education Loans

Our Education Loans are designed to assist members who plan on continuing their education. The idea isn't to pay for the entire educational expense, but rather to help with a portion of the expense. LASCU offers a very competitive rate by associating the rate to the government prime rate, which is historically below market. This pricing aligns with our desire to encourage members to advance their education with the least amount of cost possible.

The maximum a member can borrow is $5,000 in the form of an education line-of-credit. The member is given a credit limit, similar to a credit card, which they can advance on when the need arises. Payments are made each month and the recommended minimum advance is $100. Proof of enrollment or receipt of school related expense is required.

RATES

Type Maximum Term

Interest Rate
(Fixed Rate)

APY

Personal Loan

12 Months

*7.99%

*7.99%

Personal Loan

24 Months

*8.99%

*8.99%

Personal Loan

36 Months

*9.99%

*9.99%

Open-ended Line of Credit
Variable Rate

Open End

*8.25%

*8.25%

Education Line of Credit
Variable Rate

Open End

*6.25%

*6.25%

*Lowest available rate shown.
The credit report is a tool used to determine the terms of credit available, and the Annual Percentage Rate offered may vary depending on the credit score(s).

Contact Details

Hours of Operation
Mon.-Fri. 9:00AM-4:30PM

1900 Diamond Drive
Los Alamos, NM 87544
Phone: (505) 662-3421
Toll Free:(877) 662-3421
Fax: (505) 662-4930
Routing Number: 307084237

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