Loans & Credit Cards
Did you know?
The credit union was formed by the community when all other commercial banks left the Lower East Side.
LESPFCU lends money to our members for debt consolidation; special purchases such as computers, furniture or household appliances; family events like birthdays, graduations or weddings; travel or vacation; back-to-school expenses; home improvement and more.
Unsecured, half-secured and fully secured loans are available.
In order to complete the loan application process you must be a credit union member and meet all the requirements*
The following are the documents and requirements needed to apply for a Personal Loan:
- Be a current Credit Union member (how can I join?)
- A complete loan “Application”
- Proof of income: ONE of the following or All that apply:
1. Pay stubs (3 most recent) and/or letter on letterhead from employer
2. Proof of Public Assistance / SSI / SSD, Pension and/or Child Support
3. Notarized letters from any household member(s) that contribute(s) income to the applicant
4. 2 years Tax returns, if self employed
- Proof of most recent rent payment or Notarized letter from primary tenant stating how much member’s portion of rent is or Letter from Landlord stating how long member has lived at address, how much they pay rent and if member is up to date.
- LESPFCU Reference Form
- For Debt Consolidation loans the most current statements of all accounts to be consolidated are required
Other information may be requested depending on the loan request.
LESPFCU SOCIEDAD (SUSU) LOAN POLICY
The “LESPFCU Sociedad (SUSU) Loan” is a secure loan to help you save money. It can help you build up credit!
LESPFCU will give you a “Sociedad (SUSU)” loan and place the money into a Share Certificate (CD).
The member pays off the loan on a monthly basis. At the end of the term they receive their savings, with interest!
