Organizational Loans
We Understand the Importance of Providing Your Members With the Best Equipment While Remaining Within Budget
We understand the importance of providing your members with the best equipment while remaining within budget. FASNY Federal Credit Union is a member of CU First Responders (CUFR), a business and commercial loan processing company.
Click to submit a loan request and a business loan specialist will call you to discuss your business finance needs. We offer an easy pre-qualification process to find a loan product that is right for you!
Loan Products Available:
Apparatus: Pumpers, Tankers, Ladder Trucks, Emergency Response Vehicles including Ambulances or other such specialty equipped motor vehicles used for Fire/EMS protection and response (including utility and chief’s vehicles).
Accessory Equipment: Other equipment necessary to support firefighting or emergency rescue activities.
Real Estate: Building renovations, rehabilitation, repair or purchase of facilities.
Personal Protective Equipment: Clothing and devices that comply with OSHA standards used to protect personnel from injury who provide emergency services, including but not limited to helmets, coats, boots, eye shields, gloves, and self-contained respiratory protection devices.
Communications Equipment: Mobile and Portable Radios, pagers and any other communications devices for your personnel, apparatus and station.
Share & Certificate Secured: You can secure a loan with funds you have on deposit in your Share Savings or Share Certificate Account. You can continue to earn interest at the current rate while benefiting from one of our lowest finance rates.
| Type | Amount | Term | Rate |
|---|---|---|---|
| Secured | Up to $50,000.00 | Up to 5 years | Call for Rate |
| Secured | Up to $50,000.00 | 5 - 10 years | Call for Rate |
| Secured | $50,000.00 + | Up to 10 years | Call for Rate |
| Mortgage Secured | $50,000.00 + | Up to 15 years | Call for Rate |
| Share Secured | Up to Deposit Amount | Up to 10 years | 2.40% |
| Certificate Secured | Up to Certificate Amount | Up to 10 years | Certificate Rate + 2.00% |
| Unsecured | Up to $50,000.00 | Up to 5 years | Call for Rate |
Benefit from our flexible payment term to suit the needs of your organizations budget. Repay your loan monthly, quarterly, or semi-annually over a term up to fifteen years depending on the purpose and use of loan proceeds. If funds become available to your organization, pay off the loan with NO Pre-Payment Penalty.