Last Updated: 07/11/2025
State Employees' Credit Union Variable Rate Share Secured Loan
Unaffiliated
Last Updated: 07/11/2025
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Highlights
APR (Variable APR)
7.50%(Verified 06/21/2024)
Amount Range
N/A
Loan Term (Months)
49 - 120
State Employees' Credit Union Variable Rate Share Secured Loan Review
State Employees' Credit Union Variable Rate Share Secured Loan is offered by State Employees Credit Union, a credit union founded in 1937 and based in Raleigh, NC. State Employees' Credit Union Variable Rate Share Secured Loan are available in 5 states.
Key Takeaways
- Uses a variable APR. This is uncommon for personal loans. If interest rates rise in the future it could make the monthly payments more challenging. These are average interest rates for a personal loan. If you have good credit or a cosigner, you could probably find better rates.
- Super long loan terms. State Employees' Credit Union Variable Rate Share Secured Loan offers loan terms of up to 120 months. Most personal loans have a maximum term of 60 months.
State Employees' Credit Union Variable Rate Share Secured Loan Pros & Cons
| Pros | Cons |
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State Employees' Credit Union Variable Rate Share Secured Loan FAQ
What interest rates and personal loan terms does State Employees' Credit Union Variable Rate Share Secured Loan offer?
State Employees' Credit Union Variable Rate Share Secured Loan has lower than average interest rates for lenders reviewed on SuperMoney.
What interest rates does State Employees' Credit Union Variable Rate Share Secured Loan offer?
State Employees' Credit Union Variable Rate Share Secured Loan offers a variable APR personal loan product of 7.50%.
What is the maximum loan term you can get with State Employees' Credit Union Variable Rate Share Secured Loan?
State Employees' Credit Union Variable Rate Share Secured Loan offers loans with terms of up to 120 months.
| Personal Loan Amount | N/A |
| Loan Term | 49 - 120 months |
| APR | 7.50% |
What fees does State Employees' Credit Union Variable Rate Share Secured Loan charge?
Does State Employees' Credit Union Variable Rate Share Secured Loan charge an origination fee?
State Employees' Credit Union Variable Rate Share Secured Loan may charge a personal loan origination fee .
Does State Employees' Credit Union Variable Rate Share Secured Loan charge a late fee?
State Employees' Credit Union Variable Rate Share Secured Loan does not disclose whether it charges late payment fees.
Does State Employees' Credit Union Variable Rate Share Secured Loan charge prepayment fees?
Yes, State Employees' Credit Union Variable Rate Share Secured Loan may charge additional fees to borrowers who pay off their loans sooner than anticipated. Take this into consideration when choosing a lender because prepayment penalties can reduce or even cancel the interest savings of repaying a personal loan early.
| Origination Fee | No |
| Prepayment Fee | Yes |
| Late Payment Fee | No |
What do you need to qualify for State Employees' Credit Union Variable Rate Share Secured Loan?
State Employees' Credit Union Variable Rate Share Secured Loan does not require or does not disclose a credit score minimum. State Employees' Credit Union Variable Rate Share Secured Loan does not have or does not disclose a minimum annual income eligibility requirement.
U.S. citizens and permanent resident / green card holders with a U.S. tax identification number are eligible to apply for the services offered by State Employees' Credit Union Variable Rate Share Secured Loan.
To qualify, applicants may need to provide the following documentation:
- Driver's license or other government photo ID
- Proof of identity
- Proof of citizenship or residence permit
- U.S. tax identification number
| Minimum Age | N/A |
| Bank Account Required? | No |
| Credit Score | N/A |
Does State Employees' Credit Union Variable Rate Share Secured Loan report your account activity to credit bureaus?
Yes, State Employees' Credit Union Variable Rate Share Secured Loan reports to the following credit bureaus:
- Equifax
- Experian
- TransUnion
Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help build your credit.
Does State Employees Credit Union perform a hard credit pull?
Yes, State Employees' Credit Union Variable Rate Share Secured Loan performs a hard credit pull when you apply for a loan. Additionally, it doesn't provide the option to check your rates using a soft credit pull, a feature that many lenders offer.
Click here to get prequalified rates from multiple leading lenders without a hard credit pull. However, if you accept a loan offer, a hard credit pull will likely be performed.
Are State Employees' Credit Union Variable Rate Share Secured Loan legit?
State Employees Credit Union was founded in 1937, it is a well-established company that has been in business for 89 years.
Unfortunately, we don't have sufficient community reviews to provide a reliable rating of their user experience and customer service.
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Hours of Operation
Sunday
Closed
Monday
8:30AM - 5:30PM
Tuesday
8:30AM - 5:30PM
Wednesday
8:30AM - 5:30PM
Thursday
8:30AM - 5:30PM
Friday
8:30AM - 5:30PM
Saturday
Closed