Loans & Services

Deposits to FASNY FCU are reinvested in the form of loans. As a member, you will benefit from low-cost credit union financing for the things you need or want. Loans can be made as secured loans (secured by either your Share Savings, Share Certificates or the item you are purchasing or refinancing, such as a car or boat), or unsecured simply on the basis of your signature. Please click here to download a loan application.

Secured Loans

New and Used Vehicle Loans

Looking for a new or used car, truck or SUV? A loan from FASNY FCU can save you hundreds. With low rates, affordable terms and fast decisions, you can't afford not to join! Borrow up to $50,000 for your next vehicle.

  Credit Score 680 + 600—679 Below 600
Loan Type Term A B C
Automobile (years 2005—2009) 0—36 Months 2.99% 7.25% 9.25%
$50,000 limit 37—48 Months 3.99% 7.50% 9.50%
  49—60 Months 4.99% 8.00% 10.00%
  61—72 Months 5.99% 8.50% 10.50%
  Loan to Value over 85%, add 0.50% to above rates.  Maximum Loan to Value of 125%

Share/Share Certificate Secured
You can secure a loan with funds you have on deposit In your Share Savings or Share Certificate Account. You can continue to earn interest at the current rate while benefiting from one of our lowest finance rates.

  Credit Score 680 + 600—679 Below 600
Loan Type Term A B C
Share Secured 0—60 Months 4.50% 4.50% 4.50%
  61—120 Months 6.50% 6.50% 6.50%
Share Certificate Secured 0—120 Months Certificate Rate plus 2.00%

Other Secured Loans (common stock, boats, campers and motor homes)

We also offer secured loans for boats, campers, trailers, motorcycles, motor homes, and even common stock.

  Credit Score 680 + 600—679 Below 600
Loan Type Term A B C
All Other Secured 0—36 Months 5.50% 7.50% 9.50%
(including older automobiles) 37—72 Months 7.75% 9.75% 11.75%
  73—120 Months 8.50% 10.50% 12.50%

Unsecured Signature Loans and Lines of Credit

You can borrow for practically any worthwhile purpose such as home improvements, vacations, paying off higher-interest rate debt with other financial institutions, unexpected bills or expenses, etc. with an unsecured loan or line of credit. Apply once for the total amount you need or for a credit line you can use over and over again.

  Credit Score 680 + 600—679 Below 600
Loan Type Term A B C
Signature (Non-Homeowner)$10,000 limit 12—36 Months 9.00% 11.00% 13.00%
Signature (Homeowner)$50,000 limit 0—36 Months 9.00% 11.00% 13.00%
  37—60 Months 9.50% 11.50% 13.50%
  61—84 Months 10.00% 12.00% 14.00%
Share Draft Line of Credit   10.90% 12.90% 14.90%

Other Member Services

Wire Transfers
Wire transfer funds into and out of your account anytime.  Call for more information.

Internet Teller
Perform home banking tasks online 24/7.  Check account balances and history, transfer funds, check and change scheduled transfers and review transfer history from the convenience of your personal computer.