Expect the unexpected.
Signature
Experience financial freedom or indulge in spontaneity. From large expenses and tuition, to travel, milestones or emergency costs, you'll control the narrative.
Features & Benefits
Member Specific
Borrow from $500 to $60,000 to meet your immediate needs, existing equity is not required
Flexible Payment Options
Build a loan that fits your budget: Up to 36 months / 37-60 months / 61-72 months / 73-84 months
Efficient Funding
There are no pre-penalties or application fees, and most loans are funded within 24 hours of submitting your application
Payment Forgiveness
No late fees if your payment is made within the 10-Day Grace Period
Seamless Access
Draw, pay and track your loan in the XCEL Digital Banking App
Skip-A-Pay-Eligible*
Choose the month and skip one payment per loan within a 12-month period
This service cannot be combined with other offers and is non-transferrable.
Line of Credit
Long-term expenses shouldn't be a burden. With a fixed rate and a monthly payment only 3% of the balance, you'll have peace of mind with additional funds always within reach.
Features & Benefits
Member Specific
Credit Lines range from $500 to $5,000, and can be repeatedly drawn on
Simple Payments
Either a $25 monthly minimum or 3% of the balance, whichever is greater.
Payment Forgiveness
No late fees if your payment is made within the 10-Day Grace Period
Seamless Access
Draw, pay and track your loan in the XCEL Digital Banking App or transfer funds to your preferred checking or savings account
Skip-A-Pay-Eligible*
Choose the month and skip one payment per loan within a 12-month period
This service cannot be combined with other offers and is non-transferrable.
Debt Consolidation
We take your finances personally and will assist in lifting the weight of high-interest debt by paying creditors on your behalf. A single, simplified monthly payment at a lower rate is the secure path to financial stability.
Features & Benefits
Flexible Payment Options
Build a loan that fits your budget: 36 / 60 / 72 / 84 months
Member Specific
Borrow up to $60,000 toward your existing debt
Worry-Free Payments
We'll pay off creditors on your behalf, resulting in a single monthly payment to XCEL Federal Credit Union
Payment Forgiveness
No late fees if your payment is made within the 10-Day Grace Period
Seamless Access
Pay your loan in the XCEL Digital Banking App
Skip-A-Pay-Eligible*
Choose the month and skip one payment per loan within a 12-month period
This service cannot be combined with other offers and is non-transferrable.
This Loan is Eligible for Debt Protection
When you take out a loan with your credit union, we offer many ways to increase your peace of mind. One way is with our debt protection products. We offer several options that include: Life, Disability and even Involuntary Unemployment. Click here for more information or contact an XCEL representative at 973-ASK-XCEL (973-275-9235) Option 2 for more information.
Disclosures
Signature
Rates are based on an evaluation of credit history, and the term of the loan. Approvals are subject to our underwriting criteria. Members may borrow from $500-$60,000 with terms to 7-years. You must be a member in good standing (meaning you must have $5 in your XCEL savings account).
Line of Credit
Rates are based on an evaluation of credit history; therefore, your rate may differ. Approvals are subject to our underwriting criteria. Repayment terms of 3% of the outstanding balance or $25; whichever is greater.
Debt Consolidation
Rates and terms are based on an evaluation of credit history and are subject to XCEL’s underwriting criteria; therefore, your rate may differ. Loan programs, rates, terms, and conditions are subject to change at any time without notice. Loan amount may vary due to applicants credit worthiness. Maximum loan amount is $20,000.
*All XCEL FCU loans must be current with no collection action pending. Your account must not be overdrawn, and you must have sufficient funds on deposit to cover the $25 fee per loan. Each loan payment is applied first to unpaid late fees and charges, then to the accrued interest due on the loan. The remaining amount is applied to the principal balance. This program is not available on loans during the first 12 months of the loan agreement. Loans are limited to one (1) Skip-A-Payment per 12-month period. Other restrictions may apply; receipt of a Skip-A-Payment coupon does not guarantee eligibility and approval for the Skip-A-Payment program. Skip-A-Pay is a privilege extended to qualified members and is subject to XCEL Federal Credit Union final approval. XCEL FCU reserves the right to terminate this offer if your financial status changes prior to the credit union's approval. If you have recurring automatic payments set up from other financial institutions or automatic Online Banking payment(s) for your loan(s), it is up to you to stop the transfer if you wish.
