Educator Loans

Classroom Supplies Loan

Educator Loans to Purchase Classroom Supplies

Keeping the classroom supply cabinet fully stocked can be expensive, especially with today’s extensive budget cutbacks. Because of this, teachers tend to spend their own money to purchase these supplies and teaching materials for their classroom. We pick up where the school district leaves off. We offer one-year educator loans up to $1,000 that we hope will help teachers afford the task of creating a teaching environment that meets their exceptional standards.

APR RATE RANGE: 8.99% – 16.99%*
TERM: 12 months
AMOUNT: up to $1,000

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TERMS AND CONDITIONS: *APR = Annual Percentage Rate. Certain credit qualifications may apply for educator loans. In addition, member must present valid work contract, paycheck stub, or other proof of school district employment at time of loan origination. Only one classroom supplies loan may be originated at a time. No loan discounts. Members are required to have Direct Deposit and set up automatic payment or scheduled transfer (Online Banking). Payment Example: 12 monthly payments of $87.87 per $1,000 borrowed at 9.99%.

Professional Development Loan

Educator Loans to Further Your Career

This is a five-year loan up to $10,000. We understand that pursuing an advanced degree or professional certificate is an expensive endeavor for school employees striving to further their educational career, so we want to help. We want to assist in your efforts to reach your educational goals and offer this loan product to help pay for tuition, books and other expenses associated with continued education.

APR RATE RANGE: 8.99% – 16.99%*
TERM: 60 months
AMOUNT: up to $10,000

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TERMS AND CONDITIONS: *APR = Annual Percentage Rate. Actual rates may vary based upon credit qualifications and are subject to change without prior notice. Loan only available to current school district employees. Member must present valid work contract, paycheck stub, or other proof of school district employment at time of loan origination. In addition, a copy of current tuition expenses must be presented prior to loan. The credit union will refinance original loan on a semester-by-semester basis, based on current tuition expenses, up to $10,000. No loan discounts. Members are required to have Direct Deposit and set up automatic payment or scheduled transfer (Online Banking). Payment Example: 24 monthly payments of $46.16 per $1,000 borrowed at 9.99%. Terms and conditions subject to change without notification.

Alternative Teaching Certification Loan

Alternative Teaching Certification Loan

We understand that pursuing an alternative teaching certification is an expensive endeavor for those wanting to become a teacher, so we want to help. This low rate loan provides an easy financing option to help pay for your alternative teaching certification.

APR RATE RANGE: 8.99% – 16.99%*
TERM: up to 60 months
AMOUNT: up to $5,000

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TERMS AND CONDITIONS: *APR = Annual Percentage Rate. Actual rates may vary based upon credit qualifications and are subject to change without prior notice. Loan only available to current school district employees. Member must present valid work contract, paycheck stub, or other proof of school district employment at time of loan origination. In addition, a copy of current tuition expenses must be presented prior to loan. No loan discounts. Members are required to have Direct Deposit and set up automatic payment or scheduled transfer (Online Banking). Payment Example: 24 monthly payments of $46.16 per $1,000 borrowed at 9.99%. Terms and conditions subject to change without notification.

Educator Mortgage

Educator Mortgage

If you are a teacher or school employee looking to buy a home, you are in luck. With a Gulf Coast Educators FCU Educator Mortgage, you can finance your new home up to 103%, with no down payment or PMI required. In addition, you can also refinance your current mortgage with the same perks. To see if this is the right fit for you, check out all of the qualifications by clicking the button below.

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Disclaimer: As a reminder, do not send confidential information, such as member number, social security number, etc. in an e-mail message. To apply for an Educator Mortgage Loan at least one applicant must be a current teacher or school employee for at least 2 consecutive years in a Texas school district. All applicants must have a credit score of 680 or higher and a 45% debt-to-income limit. Applicants may finance up to 103% LTV. Additional 3% is to be utilized for closing costs only – No cash back and no “coverage” for a lower appraised home permitted. This program is intended for primary residences within the state of Texas only, not vacation homes or investment properties. Other conditions may apply.