Products

Savings:

Shared Savings Account

A savings account is the first account you’ll open when you join Coventry Teachers Federal Credit Union. A minimum deposit of $26 (Twenty five dollars is refunded at account closure) opens your savings account. Following this initial deposit, you can take advantage of any and all other services provided by Coventry Teachers Federal Credit Union. Dividends are paid quarterly on all savings products. $100.

 

Christmas Club

Christmas Club Accounts allow you to deposit money throughout the year to prepare for holiday shopping. Make deposits by payroll deduction or deposit funds occasionally. The Christmas Club Checks are released in late October

 

Vacation Club

Vacation Club Accounts allow you to deposit money throughout the year to prepare for vacation. Make deposits either by payroll deduction or deposit funds occasionally. The Vacation Club Checks are released in June

 

 Loans:

Savings Secured Loans

Personal Loans secured by your shared savings account. Up to account balance not to exceed 40,000.00 for a term not longer than 5 years.

 

Personal Loans

Unsecured signature loan up to $5,000.00 and a term maximum of 5 years.  Our maximum unsecured loan is $10,000.00 which requires a co-maker and not to exceed 5 years.

 

New and Used Auto Loans 

New Autos: Model Years 2017 - 2018

Term   0-60  Months  

Full Value of Auto up to $40,000.00.

 

Used Autos: Model Years 2011 - 2016

Term   0-60 Months   10% Down required and up to 60 month terms       

Note: Any vehicle with over 12,000 miles is considered used regardless of year.