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Saginaw Medical Federal Credit Union Go to main content

Loan Specials

Auto Loan Loyalty Program

We are always happy to see you and will always do what's best for you! Come see us for your next new or used auto loan purchase and in appreciation of your loyalty, we'll give your up too $200 Cash Back!!1

The More you Borrow the More you Earn


1Loan must be a minimum $15,000 auto loan purchase or refinance. All loans subject to credit approval. Rates, terms and conditions are subject to change and may vary based on credit worthiness, qualifications and collateral conditions. Existing SMFCU loans and third party loans financed on behalf of SMFCU, including dealer financed loans, are not eligible for cash back incentive. Cash back will be automatically deposited to member savings account after loan closes.

Beat the Heat

Temperatures are heating up, and the sun may not be the only thing making you sweat this summer. Are you worried about how you’ll pay for college this fall? Relax SMFCU can help you beat the heat when it comes to finding a student loan. Once you’ve exhausted options for scholarships, grants, and federal aid, a private student loan from your credit union could help fill the remaining gaps in funding your education.

Grab a refreshing drink and your favorite pool float, and check out these benefits:

  • Competitive interest rates - Check them out!
  • Loan limit up to $75,000
  • Flexible repayment terms to fit your needs
  • No origination fees or prepayment penalties
  • Easy online application and instant credit decision
  • A relationship with a local, not-for-profit lender you can trust

Don’t let the stress of paying for college burn you up – your credit union has a cool solution! Visit to learn more and apply.


Vacation Loan Special

Take the vacation of your dreams for only $45! Enjoy a vacation for less than $45 a paycheck!!  6.99%APR for up to 12 months! Our application process is quick and easy - you'll be ready for vacation by the end of the day!


APR = Annual Percentage Rate. Interest rate and term are based on creditworthiness and loan guidelines. 12 monthly payments of $86.52 per $1,000 borrowed based on best rate or 24 biweekly payments of $44.77 per $1,000 borrowed based on best rate.

Summer Skip-A-Pay

Members are able to skip their qualifying May, June or July loan payment. 

  • There is a $35 processing fee for each skipped loan
  • Qualifying loans to be skipped must be current to consider2


2First mortgages, second mortgages, home equity loans, credit cards, lines of credits, commercial or business loans, TDR/workout loans, or any loans that have not had at least three monthly payments applies are not eligible for this offer. Members can have one skip a pay plan in any six month period, but no more than two in a twelve month period. 

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