Whatever Loans | Lutheran Federal Credit Union
Serving the Lutheran Church-Missouri Synod Community
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Do you have a purchase in mind or an upcoming project and need some extra money?

Whatever Loans and Whatever Line of Credit

Do you have a purchase in mind or an upcoming project and need some extra money? Whether you would like to consolidate existing debt, pay tuition, finance a wedding or even plan a family vacation, LutheranFCU offers convenient personal loans at very competitive rates! Think of this as your “whatever you need” financing option.


Whatever Loans

  • A flexible way to borrow funds for almost any lending need
  • Lump Sum loan with fixed monthly payments
  • Competitive interest rates starting at 7.9% (APRs starting at 8.04%)*
  • Terms up to 5 years


Whatever Line of Credit

  • Borrow only what you need, when you need it.
  • Access your available credit at any time by transferring funds from your Whatever Line of Credit loan directly to your LFCU Checking account for immediate use!
  • Competitive variable rate APRs starting at 7.9%**


What will I need?

Proof of Income

  • Recent pay statements showing year-to-date pay and all deductions
  • Self-employed applicants, please submit the two most recent year tax returns including all schedules.
  • Social security income and other retirement income, please submit two recent months of direct deposit records or most recent annual income benefit “award” letter with your most recent retirement 1099 tax form

How Will I Receive My Monthly Billing Statements?

Each month, an EMAIL notice will be sent to the primary borrower’s email address reminding you that your monthly E-statement is ready for viewing and\or printing. To access your monthly E-statements, just login to your Online Home Banking account, choose “Online Services” and then “E-statements”.

How Can I Make My Loan Payments?

The easiest way to set up loan payments is to log into your Lutheran Federal Credit Union Online Banking account and choose the “Schedule a Recurring Transfer or Loan Payment” option under the “Transfers” tab to set up the payment from one of your LutheranFCU checking or savings accounts. Other payment set-up options include using an online bill pay service or you can authorize LutheranFCU to automatically set up your monthly payments by ACH. To set up your payment by ACH, please complete the Automated Electronic Loan Payment form. Once signed and completed, please email the form to operations@lutheranfcu.org or fax it to 314-394-2799. If you don’t have a scanner or a fax machine, you may take a picture of your completed form using your smartphone camera and send it to us that way.

* APR is the Annual Percentage Rate. Rate referenced above is the lowest rate possible for qualified borrowers and is based on underwriting criteria. There is a one-time $50 loan processing fee. Loan example: $15,000 at 7.9% for 60 monthly payments of approximately $303.43 each with a corresponding APR of 8.04%. All loans are subject to approval. Additional terms and conditions may apply.

** APR is the Annual Percentage Rate. Rate referenced above is the lowest rate possible for qualified borrowers and is based on underwriting criteria. Rate will adjust monthly based on Prime Rate published in The Wall Street Journal plus a margin based on underwriting criteria with a maximum APR limit of 18.0%. $50 set up charged at origination. $50 annual renewal fee for ongoing access to the Lind of Credit. Line of Credit payment example: With an outstanding balance of $10,000, the minimum payment would be $250.00. As a variable rate loan product, rate and payment is subject to increase after consummation. All loans are subject to approval. Additional terms and conditions may apply.