ENERGY EFFICIENT LOANS
WE ARE HERE
FOR YOU
The Residential Energy Efficiency Loan (REEL) program was designed to help California homeowners and renters access affordable financing for energy efficiency projects.
Residential Energy Efficiency Loan (REEL)
Pasadena Service Federal Credit Union, in recognition of the deferred risk provided by the program, is offering the program with a greatly reduced fixed interest rate and extended terms in comparison to our existing unsecured loan program. As with our current Signature loan program, the credit union will not assess any loan fees other than the $5 membership deposit. The program details are listed below.
For Homeowners with Credit Scores over 640
| Proposed REEL Product (fixed rate) |
Minimum Loan Amount |
Max Loan Amount |
Tier 1 Rate= FICO 720+ |
Tier 2 Rate= FICO 680 – 719 |
Tier 3 Rate= FICO 640 – 679 |
| 5 Years | $2,500 | $30,000 | 4.99% | 5.99% | 6.99% |
| 10 Years | $2,500 | $30,000 | 5.99% | 6.99% | 7.99% |
| 15 Years | $2,500 | $20,000 | 6.99% | 7.99% | 8.10% |
For Homeowners with Credit Scores 639 - 600
| Proposed REEL Product (fixed rate) |
Minimum Loan Amount |
Max Loan Amount |
Tier 4 Rate= FICO 639 – 600 |
| 5 Years | $2,500 | $20,000 | 7.49% |
| 10 Years | $2,500 | $20,000 | 7.99% |
For Renters with Credit Scores over 640
| Proposed REEL Product (fixed rate) |
Minimum Loan Amount |
Max Loan Amount |
Tier 1 Rate= FICO 720+ |
Tier 2 Rate= FICO 680 – 719 |
Tier 3 Rate= FICO 640 – 679 |
| 5 Years | $2,500 | $20,000 | 5.99% | 6.99% | 7.49% |
| 10 Years | $2,500 | $20,000 | 6.99% | 7.99% | 8.10% |
For Renters with Credit Scores 639 - 600
| Proposed REEL Product (fixed rate) |
Minimum Loan Amount |
Max Loan Amount |
Tier 1 Rate= FICO 720+ |
| 5 Years | $2,500 | $10,000 | 7.99% |
| 10 Years | $2,500 | $10,000 | 8.10% |
Residential Energy Efficiency Loan (REEL)
Pasadena Service Federal Credit Union, in recognition of the deferred risk provided by the program, is offering the program with a greatly reduced fixed interest rate and extended terms in comparison to our existing unsecured loan program. As with our current Signature loan program, the credit union will not assess any loan fees other than the $5 membership deposit. The program details are listed below.
For Homeowners with Credit Scores over 640
| Proposed REEL Product (fixed rate) |
Minimum Loan Amount |
Max Loan Amount |
Tier 1 Rate= FICO 720+ |
Tier 2 Rate= FICO 680 – 719 |
Tier 3 Rate= FICO 640 – 679 |
| 5 Years | $2,500 | $30,000 | 4.99% | 5.99% | 6.99% |
| 10 Years | $2,500 | $30,000 | 5.99% | 6.99% | 7.99% |
| 15 Years | $2,500 | $20,000 | 6.99% | 7.99% | 8.10% |
For Homeowners with Credit Scores 639 - 600
| Proposed REEL Product (fixed rate) |
Minimum Loan Amount |
Max Loan Amount |
Tier 4 Rate= FICO 639 – 600 |
| 5 Years | $2,500 | $20,000 | 7.49% |
| 10 Years | $2,500 | $20,000 | 7.99% |
For Renters with Credit Scores over 640
| Proposed REEL Product (fixed rate) |
Minimum Loan Amount |
Max Loan Amount |
Tier 1 Rate= FICO 720+ |
Tier 2 Rate= FICO 680 – 719 |
Tier 3 Rate= FICO 640 – 679 |
| 5 Years | $2,500 | $20,000 | 5.99% | 6.99% | 7.49% |
| 10 Years | $2,500 | $20,000 | 6.99% | 7.99% | 8.10% |
For Renters with Credit Scores 639 - 600
| Proposed REEL Product (fixed rate) |
Minimum Loan Amount |
Max Loan Amount |
Tier 1 Rate= FICO 720+ |
| 5 Years | $2,500 | $10,000 | 7.99% |
| 10 Years | $2,500 | $10,000 | 8.10% |
Auto Loans
We offer competitive pricing and easy repayment options to qualified members. No time to shop for a car? Let us help you find the right car with a Personal Car Shopper, included with your PSFCU membership.
Learn More
Checking Accounts
PSFCU offers checking accounts for every situation. Whether you want great rewards from Kasasa, need a checking account for your small business, or just need a basic checking account to get started, PSFCU has you covered.
Learn More