Student Loans - Concho Educators FCU

Concho Educators FCU
1-325-944-4809
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Parent Choice Student Loan
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Assisting in your personal investment!

  • No origination fees
  • Can be used for any college expenses
  • Pay interest only on what you need

Concho Educators Federal Credit Union is now offering a new private education loan to help fund additional college costs when Federal student loans are not enough to cover all of your expenses. Please fill a loan application and provide the credit union with employment and income verification. Both the parent and student must be a member of the credit union.


*APR = Annual Percentage Rate. All loans are subject to credit approval.

  1. Parent and student apply, so the student can build credit history.
  2. Verification of full time enrollment (12 semester hours) with anticipated graduation date and satisfactory academic progress will be required.
  3. All borrowers must meet all credit requirements: creditworthiness, length of employment and income to debt ratios.
  4. The loan amount may not exceed $5,000 per semester or $10,000 in a 12 month period.
  5. The current annual percentage rate  is 7.5% or 9.5% (based on borrower's credit score). However, the APR may  vary at each advance based on current interest rates and credit rating.
  6. Make interest-only payments, which will calculate out to a minimum monthly payment of $25.00 per each $2,500.00 borrowed.
  7. When the student graduates, or drops  below full-time, the loan is due in full and will be set up on monthly  payments of principal and interest for a maximum 120 month term.
Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government National Credit Union Administration, a U.S. Government Agency.We do business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act. NMLS#716532
Copyright © 2017 Concho Educators Federal Credit Union. All Rights Reserved.
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National Credit Union Administration
Equal Housing Lender
About Us
Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government National Credit Union Administration, a U.S.Government Agency.
We do business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act.
National Credit Union Administration
Equal Housing Lender
National Credit Union Administration
Equal Housing Lender
Concho Educators
ACH Routing # 311387865
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