General Information

We have money to lend! Both personal (unsecured) and secured loans are available for any provident and productive purpose. From vehicles to Visa, we have a loan for you. Our lending policy is to offer preferred rates to members with excellent credit while still offering competitive rates to members trying to improve their credit records. Check your credit report now.

Benefits of Borrowing from Your Credit Union
     • Rates are always stated in annual terms as annual percentage rates.
     • Interest is charged only on the declining balance.
     • There's no prepayment penalty.
     • You can make automatic repayments through direct deposit or payroll deduction.
     • Loan protection and disability insurance are available. (Disability insurance is offered through the Family Security Plan®, along with life insurance and cancer insurance. While D.C. Teachers Federal Credit Union has established a relationship with the Family Security Plan to provide services to DCTFCU members, we are not responsible for their services. If any problems arise with their services, you will need to address your concerns directly to them.)

Types of Loans Available
     • Personal (Signature) Loan
     • New and Used Car and Truck
     • Motorcycle, RV, Travel Trailer and Camper
     • Line of Credit (Secured or Unsecured)
     • Share Pledged Loan
     • Education
     • Home Improvement
     • Debt Consolidation
     • VISA Credit Card
     • Home Equity Line of Credit

Qualifying Criteria
To qualify for a loan, you must:
     • be a member in good standing
     • maintain a share balance of at least $100
     • maintain any other Credit Union loans current (no delinquency)
     • be legally qualified to enter into a binding agreement
     • demonstrate an ability to save
     • submit a complete application and current payroll statement
     • have a favorable employment and credit history

In some cases, there may be additional requirements depending upon the type and amount of loan requested. Membership alone is a not sufficient basis for granting a loan; there is no unqualified right to a DCTFCU loan.

If you've filed for bankruptcy in the past, we cannot grant you a loan unless you've had a good credit rating for the past two years. If our credit union suffered a loss as a result of your bankruptcy, you're no longer eligible for credit and no longer eligible to be a co-maker for other members' loans.

Our Skip-A-Payment program lets members choose one month to skip their monthly loan payment. Keep the cash for some other purpose! Apply now!

Extended Warranty
Extra Protection for Your Car. and Your Pocketbook!

Protect your budget and your vehicle with an Extended Warranty from DC Teachers FCU. Get peace of mind and protection against expensive, unexpected automotive repair costs when you purchase and Extended Warranty from DC Teachers FCU.

Buy and Extended Warranty for less that the cost at most dealerships and enjoy:

• Coverage of most major components in the event of a breakdown.
• No-hassle Direct Payment- no reimbursement forms
• A one-time premium that may be financed along with your vehicle

When financing your next new or used vehicle, be sure to consider purchasing an Extended Warranty through your Credit Union. If you’ve already purchased your vehicle you may still be eligible if you have at least one month or 1000 miles on your manufacturer’s warranty. To find out more, please call us at 202.547.4800 or stop by your nearest location.

Recommended Reading
Keeping Your Credit Record Clean
Identity Theft
Money Management Quiz
Recognizing a Good Loan

See our current service charges

Account Terms, Disclosures & Agreements