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Spokane Teachers Credit Union Personal Loans Calculator & Overview

Carla Soto
Carla Soto
Updated 11 Aug 2023
Fact checked

Spokane Teachers Credit Union logo

Spokane Teachers Credit Union was founded in 1934 and is located in Liberty Lake, Washington. STCU serves more than 246,000 members and has assets of over $5 billion. For personal banking, they offer financing services including deposit and checking accounts, loans and credit cards, mortgages, insurance, and payment solutions.

Personal loans, when used wisely, can help you improve your credit score and reach financial goals. Left unchecked, however, you may face financial challenges. So to avoid any surprises, like if you decide to go for a Spokane Teachers Credit Union personal loan, look into how much your EMIs (equated monthly installments) will be. Let the Spokane Teachers Credit Union personal loans calculator do the work for you.

Personal loans have an annual percentage rate (APR) varying from around 3% to 36% APR. The interest rates you can receive will depend on a range of factors, such as your credit score, income, and debt-to-income ratio. On a loan of $10,000 over 5 years, the cost could vary between $10,781 and $21,680. The interest cost is between $781 and $11,680.

General facts about Spokane Teachers Credit Union personal loans

As with any other lender, Spokane Teachers Credit Union has its own set of loan features and benefits. See if any of these listed below matches your personal expectations and payment preferences:

What you need to know about the basic features and benefits of a personal loan from Spokane Teachers Credit Union:

  • Loan amount: undisclosed (based on borrower’s financial profile, credit history, and repayment option)
  • Loan terms: up to 60 months
  • Loan fees: $0 origination fee; $0 prepayment penalty
  • Interest rates: from 9.24% to 18.00% APR

 

Requirements for a Spokane Teachers Credit Union personal loan

A Spokane Teachers Credit Union personal loan is only available to current members and employees. If you are not yet a member, there are different ways to join. Membership is available to anyone who:

  • Lives, works, worships, or attends school in Spokane Teachers Credit Union recognized counties
  • Is a family member of a Spokane Teachers Credit Union member
  • Is a current or former employee of Spokane Teachers Credit Union recognized establishments, businesses, or institutions

 
Spokane Teachers Credit Union did not specify the borrower criteria for those who want to take out a personal loan from them. Most lenders, however, expect potential applicants to have these documents ready:

  • Loan purpose and information, including desired loan amount and loan term
  • A clear copy of your photo ID and verification of address
  • Identification information, including ID type, number, state, date of issue, and expiration
  • Contact and reference information, including name, date of birth, member number, phone number, email, and physical address
  • Financial information, including gross monthly income and monthly expenses
  • Employment details or source of income such as two most recent pay stubs or copies of bank statements for the past three months
  • For self-employed applicants or business owners: proof of source of income such as bank statements for the past three months or the latest tax return
  • Proof of good credit standing
  • Proof of good debt-to-income ratio

 

Spokane Teachers Credit Union personal loan calculator

Provider
Product Information
EST Monthly
Repayment
Interest
Rate
Repayment
Period
Loan
Amounts
Sort loans by

Loan Amount

$20,000

Term

3 months

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Spokane Teachers Credit Union

Spokane Teachers Credit Union personal loans

Spokane Teachers Credit Union personal loans
Estimated Month Repayments
$638 Inclusive of fees
Interest Rate
9.24%
APR
Repayment Period
12 months
to 60 months
Loan Amounts
$1,000
to $20,000
Go to site
Good for school expenses, buying an older vehicle, emergencies, and more!
Featured
Wells Fargo

Wells Fargo personal loans

Estimated Month Repayments
$606 Inclusive of fees
Interest Rate
5.74%
APR
Repayment Period
12 months
to 84 months
Loan Amounts
$3,000
to $10,000
Go to site
Checking and savings accounts and credit cards for your everyday business expenses and cash management.
Featured
Eastman Credit Union

Eastman Credit Union personal loans (Shared Secured Personal Loan)

Estimated Month Repayments
$848 Inclusive of fees
Interest Rate
29.90%
APR
Repayment Period
12 months
to 12 months
Loan Amounts
$1,000
to $20,000
Go to site
ECU offers extraordinary products & services that make life just a little easier.

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Minimum and maximum loan periods vary between 1 month and 10 years. Annual Percent Rates (APR) vary between 4.99% and 35.99% p.a. Total interest repayments vary between $592 and $916 over the life of the loan. *APR is based on an unsecured loan of $20,000 over a term of 3 years. WARNING: This APR is true only for the examples and may not include all charges. Different terms, fees or loan amounts might result in a different APR. These rates can change without further notice.

 

Pros and cons of STCU personal loans

Pros

  • Lower rates than most credit cards
  • No collateral
  • No origination fee
  • No prepayment penalty
  • Skip-a-Pay option
  • Payment Protection Plan

 

Cons

  • No loan amount information
  • Minimum credit/income requirements unclear

Frequently asked questions

How much can I borrow from STCU?

There is no information regarding minimum and maximum loan amounts for a STCU personal loan.

What are the repayment terms for a STCU personal loan?

STCU offers personal loan terms up to 60 months or 5 years.

How much does STCU charge for its personal loans?

The personal loan rates from STCU can be as low as 9.24% and can reach up to 18.00%.

Does STCU provide a debt protection plan?

Yes. STCU offers a loan protection insurance that can cover debt payments on personal loans if the insured loses their ability to pay due to a covered event.

Does STCU offer a Skip-a-Pay option?

Yes. STCU allows borrowers to defer a loan payment.

Can I make principal-only payments?

Yes. You can make a principal-only payment to your STCU personal loan without penalty. Your payment must be made only after your regular monthly loan payment is paid on time.

Video: Get started with STCU

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Carla Soto
Carla Soto

Carla is a skilled copywriter at BestFind with a background in marketing and communications. She specializes in reviewing personal loan and finance products to help readers navigate the complex world of personal finance.

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