Loans


Auto Loans

Save time and money with an auto loan from Monroe Telco FCU. Our competitive rates, flexible terms and dedicated loan staff are sure to make financing your auto easier.  Whether purchasing a new auto, used auto or refinancing your existing auto loan, let Monroe Telco help you get the rate and payments you deserve.

  • Up to 84 month financing¹
  • Competitive rates
  • Up to 100% financing
  • Flexible payments made through payroll deduction, ACH, account transfer, etc.

¹ Rates are as low as 3.00% APR*. At a rate of 3.00% APR*, 72 monthly payments of $15.20 per $1000 borrowed. At a rate of 3.75% APR*, 84 monthly payments of $13.56 per $1000 borrowed.

Loan Protection

Here at Monroe Telco FCU, we understand the importance of protecting you and your family from financial stress due to disability or death. You can avoid such stress by choosing to protect your loan with Member's Choice® Credit Disability or Credit Life Insurance. Be sure to check with one of our loan officers for more details.       

Extended Warranty

A vehicle warranty is designed to be added to the vehicle at the time of purchase and can be used at any time. It protects the member against costly repairs incurred due to mechanical breakdown. A Route 66 Warranty is available for new or used vehicles. With this warranty, you can have peace of mind knowing your vehicle will perform at peak condition.

  • Protection against major mechanical expenses
  • No deductible on covered parts and labor
  • 24/7/365 roadside emergency service
  • Nationwide coverage
  • 30 day money-back guarantee
  • Transferrable
  • Total loss refund
  • Rental car allowance           

Gap Protection

Guaranteed Asset Protection is designed to protect your financial security in the event of an accident or theft. If your car is totaled or stolen and determined a total loss, GAP will cover the difference of your insurance settlement and your loan payoff. This will allow you to concentrate on purchasing a replacement vehicle instead of worrying about any deficient balance owed.     

  • Low cost protection for high cost losses
  • Fee can be rolled into your monthly loan payment
  • Fully refundable if you cancel the coverage within the first 90 days                                              

²All auto loans must carry insurance coverage for collision and comprehensive and also list Monroe Telco Federal Credit Union as loss payee.


²The above products offered:

  • Are not federally insured
  • Are not obligations of the credit union
  • Are not guaranteed by the credit union
  • Involve investment risk
  • If applicable, are being offered by a dual employee who accepts deposits on behalf of the credit union and also sells non-deposit investment products on behalf of a third-party broker

Personal Loans


Back to School Loans

We know that school supplies can add up quickly, but it doesn't have to be a headache. We are here to help! Let us assist you with our back to school loan. Call one of our friendly loan officers today at 318-397-4243 for more details.

Vacation Loans

Count on us...for your next adventure! If you're planning a trip and need extra money, make the credit union your first stop. Take out a loan before the trip and you'll know how much you have to spend and how you're going to pay for it when you get home. Call one of our friendly loan officers at 318-397-4243 for more details or simply click below to apply online.

Personal Loans

A personal loan is a loan for a member's needs or wants without having any collateral.  

  • Credit limit is up to $12,000.00 based on credit score and income
  • Payment terms are up to 48 months (4 years)²
  • Low competitive rate
  • Credit Life and Credit Disibility Insurance can be added to protect from financial stress due to disability or death

Sometimes, you just need a little extra cash.  Whatever the purpose, one of our personal loans can help.

²Rates are as low as 9.95% APR*. At a rate of 9.95% APR*, 48 monthly payments of $25.34 per $1000 borrowed.

Money Layaway Loans

A money lawaway loan is a short term loan to establish or re-establish your credit. We are committed to helping you with your financial needs.

  • No credit check
  • Must have a checking account with direct deposit to qualify
  • Helps build credit
  • Affordable payment plan
  • We automatically withdraw the payment from your checking account on each due date for your convenience
  • Promotes saving
  • Competitive rate to payday lenders

Recreational Loans

With financing from Monroe Telco FCU, you are sure to enjoy the great outdoors like never before. Whether you choose a boat, ATV or jet ski, our dedicated loan staff will work to provide you with competitive rates and manageable payment terms.


Boat, Motor and Trailer Loans

  • Competitive rates
  • Flexible payment terms
  • No pre-payment penalty
  • Up to 100% financing

Motor Home/Travel Trailer Loans

  • Up to 95% financing
  • Flexible payment terms
  • No pre-payment penalty
  • Competitive rates

ATV, Jet Ski and Motorcycle Loans

  • Up to 100% financing
  • Flexible payment terms
  • No pre-payment penalty
  • Competitive rates
  • Route 66 Warranty available on ATVs and motorcycles

Tractor Loans

  • Up to 95% financing
  • Terms up to 72 months³
  • No pre-payment penalty
  • Competitive rates

³Rates are as low as 7.50% APR*. At a rate of 7.50% APR*, 72 monthly payments of $17.30 per $1000 borrowed.


Real Estate Loans

Are you in the market for a new home or refinancing your current home? Monroe Telco FCU can help you find the mortgage loan that is right for you. We'll answer your questions and explain your options. We offer the following mortgages:

  • First and second conventional mortgage
  • FHA mortgage
  • USDA guaranteed rural housing
  • Unimproved property

Click this link to get our pre-qualification request. Complete the request and fax, email or bring in to the credit union to begin your pre-qualification process.

To speak with a mortgage loan officer for more information, please call the credit union at 318-397-4243.


Other Loan Products


Share Secured Loans

A Share Secured Loan is a great way to establish or repair your credit. With this type of loan, you can use the funds in your savings or certificate accounts as security against the loan. Terms of this loan are flexible and you will enjoy great low rates while you continue to earn dividends on your savings account.

Mobile Home Loans

The credit union will finance the purchase of a mobile home that can be moved from one site to another. The mobile home is personal property and not permanently affixed to and owned together with the land. Borrowers must maintain full coverage insurance on the mobile home until the loan is paid in full.