Loans and Credit Cards

No matter what you need money for, your first step should be Seattle Metropolitan Credit Union. Since 1933 SMCU has been making loans to its members for everything from new cars to weddings. We offer a full suite of loan products, including:

SMCU Loan Experts are here to help tailor loans to meet your specific needs. Discover why Seattle Metropolitan has been the trusted, go-to lender for Seattleites for over 80 years.

 

save hundreds

Lower Rates, Bigger Savings

If you have your loan with another lender, you could save money every month by refinancing with SMCU, up to hundreds or even thousands of dollars.


From our very beginning, Seattle Metropolitan Credit Union has been dedicated to providing loans to our members at better rates than they could find from traditional lenders. As a not-for-profit co-op our primary goal is making sure our members get great products at great prices. Use our helpful loan calculators to see how much you could save by transferring your loan to SMCU.

 

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green loans

Discounts for Green Loans

Like all cooperative businesses, we are dedicated to giving back to our community. One of the ways we do that is by giving a rate discount for loans that are sensitive to the environment. Whether you are interested in a loan for a hybrid vehicle or want to make home improvements that save energy, SMCU will cut your rate by 0.25% for qualifying green loans.

 

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member feedback

Unique Loan Programs

SMCU listens to our members when deciding what types of loans to offer. That’s why we offer unique loan plans for floating homes as well as great products like our Home Equity Platinum VISA®.

 

We also have a great loan for members who need to borrow $25,000 or less for home improvements. but do not wish to leverage the equity in their home. Our Small Home-Improvement loans require significantly less paperwork than a Home Equity loan (and no appraisal or title search) but still allow you to borrow at the lower Secured Loan rate.

 

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Apply Now. Get an Answer Fast.

Getting your loan at SMCU could not be more simple. There are three easy ways to apply:

 

Online

When you are ready to apply, head over to our online loan application to get started. Answer a few short questions, hit submit, and you’ll usually have an answer in just a few minutes.

By Phone

Call our specially-trained loan experts, who are happy to answer any questions you might have. They can take your application and get you a decision while you wait, in most cases. Call 855-575-9352 to get started.

In Person

Stop by any of our convenient branches to talk with our helpful, friendly branch representatives. They can help you figure out which loan is right for you and get you a decision fast.

docusign

Sign Loan Papers Electronically

When your loan is ready to be funded, you can sign documents from anywhere you can access your email. We’ve partnered with DocuSign Inc., a leading electronic document company, to allow our members to sign most loan documents electronically.

Protect Your Loans and Your Good Name

Unexpected events, like an illness or emergency, can wreak havoc on your short-term finances. When you borrow from SMCU, you have access to special products designed to help you weather the storm.

 

Anytime Skip-A-Pay

SMCU’s innovative Anytime Skip-A-Pay program allows you to skip up to two loan payments every twelve months with the payment of a small processing fee. Anytime Skip-A-Pay gives you the flexibility to deal with unforeseen expenses like home repairs or unusually large credit card bills without causing any damage to your credit score.

 

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Debt Protection

When you get sick or lose your job, monthly bills can pile up quickly. When you add SMCU’s Debt Protection to your loans, you get peace of mind knowing that your loan payments are covered while you get back on your feet4. You can finance the cost of coverage into your loan for just a few dollars each month.

 

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Mechanical Breakdown Protection (MBP)

MBP, also known as Extended Warranty, can cover repairs and unexpected mechanical breakdowns and enhances existing manufacturer’s warranties. MBP can come in handy when you purchase an eligible used car. Most of SMCU’s MBP plans come with roadside assistance, rental car allowance and trip interruption provisions.

 

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GAP Advantage

If you are in an accident in which your car is totaled, a GAP policy will usually pay the difference between what you owe on the loan and what the insurance company says the car is worth. GAP is particularly valuable when you buy a brand new car, as they depreciate most quickly in the first year of ownership and could leave you with a sizable bill in the event of a crash. 

 

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DISCLOSURES

 

1 Annual Percentage Rate. APR reflects any prepaid finance charges and is subject to change without notice. Rates and financing are offered based on applicant's credit qualifications and other underwriting criteria. Rates effective 20.99%.

 

2 Example based on qualifying loans up to 80% LTV. Rate shown is for purchases or refinances only.

 

3 For 15 yr Fixed Rate owner occupied Equity Loan, add .25% For combined SMCU Equity Loan balances over $250,000 add 1%.

 

4 Conditions and restrictions apply. See smcu.com/education-and-resources/debt-protection for more details.

Rates

 

Auto Loans as low as*

 

1.49%APR

Certificates as high as*

 

1.00%APY

Checking as high as*

 

6.14%APY

Credit Cards as low as*

 

6.99%APR