Loans and Lines of Credit

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Home Equity Lines of Credit

If you are thinking about sprucing up your house or consolidating debt, consider a Home Equity Line of Credit. An equity line of credit, like a credit card, gives you a predetermined borrowing limit and allows you to access money when you need it. Spokane City Credit Union offers 80% loan-to-value home equity line of credit. Because of the draw option, credit lines are good for recurring expenses such as college tuition and home improvements.

Home Equity Line of Credit
Current APR*
(Annual Percentage Rate)
as low as 5.00% APR*
Interest Type Fixed first 3 years/Variable * quarterly thereafter with 2% periodic cap
Maximum Loan to Value Ratio 80%
Minimum Loan/Line $10,000
Maximum Loan Amount $200,000
Maximum Loan Term Up to 15 years, depending upon loan amount
Prepayment Penalty None
Eligible Properties Owner occupied single family residence in Spokane area
Closing Costs Paid by SCCU***

Get Started

SCCU Members have used their Home Equity Line of Credit to:
  • Consolidate High Interest Debt
  • Remodel or repair their home
  • Send their kids to college
  • Take family vacation
  • Plan a wedding
  • Furnish a Nursery
  • Or whatever you need extra cash for
Find out what your home can do for you!

E-Mail a Loan Officer:
Get an estimate on your payments with our Loan Calculator.

*APR= Annual percentage rate. Based on approved credit. Restrictions may apply. Other rates, terms and conditions may apply. Rates may be different as determined by credit history of each applicant.
**A fixed Annual Percentage Rate (APR) will be used for the first 3 years of the plan. We will determine the periodic rate and the corresponding annual percentage rate during the variable rate period as follows: we start with an independent (the "index") which is the Wall Street Journal Prime Rate (WSJ Prime). We will use the WSJ Prime Rate plus a margin to determine your annual percentage rate. The annual percentage rate will change to a variable rate at the beginning of the 4th year of the plan. Thereafter, the annual percentage rate can change quarterly on the first day of the quarter following the anniversary month of the plan. The annual percentage rate will not increase or decrease more than 2 percentage points in any one-year period. However, under no circumstances will the annual percentage rate go below 5.00% at any time during the term of the plan.
***All fees will be waived providing the loan remains in effect for 2 years.

Personal Lines of Credit

Personal Lines of Credit

A Personal Line of Credit is money when you need it for unpredictable situations. Similar to a credit card, your funds become available again up to your limit as you pay down the balance with no annual fees or transfer fees. A Line of Credit provides overdraft protection on your checking account when you need it, car repairs, vacations, or to consolidate your debts to avoid paying higher interest rates elsewhere.

Apply Now    A Loan Officer will get back to you within 24 hours!

Apply for a Personal Line of Credit today and find comfort in knowing that you have a Plan B.

Personal Line of Credit

APR* effective March 23, 2010

Annual Percentage Rate
as low as 9.90% APR*
up to 48 Months



To find out more about SCCU's Personal Lines of Credit, call our loan department at (509) 325-7228 or email us at

Student Loans

Student Loans

The Smart Option Student Loan® for SCCU Members by Sallie Mae®

For borrowers attending degree-granting institutions.

Take control of your college financing

Now you can pay for college the smart way with three great repayment options and competitive interest rates!

This loan is an ideal solution to help you pay for college expenses not covered by scholarships and federal loans.

The Smart Option Student Loan® features and benefits:
  • Multiple in-school repayment options plus a choice of competitive fixed and variable interest rates, providing even more flexibility
  • No origination fee and no prepayment penalty
  • Rewards and interest rate reductions available
  • Rates that reward creditworthy borrowers
  • Applying with a creditworthy cosigner may help you qualify
  • 100% US-based Student Loan Specialists
Watch the following video to learn more:

Get Started

Skip a Payment

Skip a Payment

Skip your next Loan Payment!

You can skip your next loan payment with a small donation to one of the great local organizations that SCCU supports. Just fill out the Skip-A-Payment form and mail it to P.O. Box 9639, Spokane, WA, 99209 or drop it off the next time you come by SCCU.

Click here to get your Skip-A-Payment form.

Questions? Call us at 325-7228 or 325-4444 for our friendly Loan Department

Skip-A-Payment Terms and Conditions

Your $20 donation is per loan account and must be received before the payment will be extended. Only one month's extension allowed per loan account per year. This offer is not valid for real estate loans, VISA Loans, or loans in Bankruptcy. This offer is not valid if any loan is past due. Offer not valid for any loan less than six months old. Your normal payment schedule will resume the following month. Loan extensions may extend the term of your loan. Accrued interest due will be added to your current loan balance and interest will continue to accrue as per your original loan agreement. The $20 donation is voluntary and participation in the Skip a Payment Program is not contingent upon payment of the $20 contribution. Click here to get your Skip-A-Payment form.

Water-Wise Landscape Loans

Water-Wise Landscape Loans

Lawns are out. Water-wise is in.

Make Your Yard Water-Wise

Replace your thirsty lawn with water-smart native plants and mulch, and make your landscape fit our unique Inland Northwest climate.

With a water-wise yard, you can:
  • Use less water each month
  • Spend less time and effort on yard upkeep
  • Save on your monthly utility bills
  • Protect our river and our regional environment

If you're ready to make the switch to a new, water-efficient yard, SCCU can help.

SCCU offers two types of Water-Wise Landscape Loans to help you remodel your home landscape:
Home Equity Line of Credit
  • Secured by a lien on your home
  • 3.99% fixed APR* for 5 years, then rate adjusts
  • Terms from 5 to 15 years
  • No loan fees or costs if loan stays open for 2 years. Borrower must reimburse SCCU for costs if paid off before 2 years.
Personal Loan
  • Secured or unsecured
  • Rates vary from 5.99% APR* to 9.99% APR*
  • Terms up to 7 years
  • No loan fees
  • Max loan $10,000

*APR = annual percentage rate

City residents creating a water-wise home landscape are encouraged to apply for the City of Spokane Lawn Replacement Rebate. Conditions apply. Learn about the City of Spokane's SpokaneScape requirements at

SCCU's lending territory is the entire Spokane region. Your landscape project can qualify for SCCU's Water-Wise Landscape Loan even if you do not live within Spokane city limits or you do not qualify for the City of Spokane's lawn replacement rebate program.

As a local credit union, SCCU makes lending decisions right inside our building on North Monroe.
Questions? Contact our loan office directly at 325-4444 or stop by our office.

Other Loans

Other Loans

Share-Secured Loans

Share secured loans all you to borrow against your share account and take up 10 years to repay the loan. For more information, terms and conditions, please contact our Loan Department at (509) 325-4444 or at

If you have further questions about our other loans and lines of credit, e-mail a Loan Officer at

Or call us at (509) 325-7228