Educator Loans
Classroom Supply Loan
Cover the cost of classroom expenses during the school year. Use the funds for classroom supply replenishment, a new laptop or other equipment needs, classroom furniture, etc.
- APR is 0.00%1
- Loan amount is $500
- 10-month maximum term
Pre-Graduation Student Loan
Rates as low as 6.60% APR2
While student teaching, many students are required to observe or teach full-time and may need additional financial assistance. Helps with day-to-day expenses.
- Loan amounts up to $3,500
- 48-month maximum term
- No Payment for 45 Days
Teacher Certification Loan
Rates as low as 5.00% APR2
If your looking to receive your teaching certificate, this loan helps with cost of alternative certification programs
- Loan amounts up to $5,000
- 60-month maximum term
- No Payment for 45 Days
Post-Graduation Bridge Loan
Rates as low as 9.60% APR2
Graduating teachers often need a financial supplement prior to beginning their first teaching assignment. This loan “bridges” the gap between graduation and drawing a regular teaching salary. Helps with day to day expenses
- Loan amounts up to $3,500
- 36-month maximum term
- No Payment for 45 Days
Teacher Retirement Buy-Back Loan
Rates as low as 8.35% APR2
This loan is designed for teachers who have taken a leave of absence, moved to a district that does not provide a retirement plan, or did not contribute for a period of time.
- Loan amounts up to $25,000
- 60-month maximum term
- No Payment for 45 Days
To apply for any of these loans, visit us at any Financial Center or call 210.442.0199.
Skip-A-Payment
Need some extra cash? You can skip-a-payment on your loans up to twice a year. Firstmark Credit Union gives you a little extra cash when you need it by skipping your monthly loan payment for a fee of each.
Features:
- One skip every six month period on all eligible loans3
- $5 off the skip-payment-fee
Calculate Your Payment
Use this calculator to compute the payment amount4 by adjusting the amount, rate and terms.
APR is Annual Percentage Rate. Accurate as of 04/18/2024. Membership with Firstmark Credit Union required. Must be an active and certified K-12 teacher in a public or a private school to qualify. Rates and terms are subject to change without prior notice. Loan amount is $500. Maximum term is 10 months. Payment example: On a 10 month loan for $500 at 0.00% APR, you would make 10 payments of $50. All loans are subject to credit approval.
APR is Annual Percentage Rate. Rates accurate as of 04/18/2024. Rates and terms are subject to change without prior notice. Other restrictions may apply.
Delinquent loans are not eligible. Loans excluded from this offer include: home improvement, home equity, home equity line-of-credit, mortgage loans, real estate, single payment share or CD secured loans, business loans and all leases. Interest will accrue on all affected loans and may cause the maturity date on each to be extended. Eligibility based on six consecutive payments. Skip-A-Payments must pass an internal review to be eligible. Share account must have a minimum balance of $5.
The information provided by these calculators is for illustrative purposes only. The default figures shown are hypothetical and may not be applicable to your individual situation. Be sure to consult a financial professional prior to relying on the results. The calculated results are intended for illustrative purposes only and accuracy is not guaranteed.
Reach Out
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- Login or Enroll into Online Banking
- In the App, click “More” in the menu bar
- On desktop, click the three dots in the upper right hand corner
- Click “Skip-A-Pay” to start your skip
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- Credit Limit
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- Requested Loan Amount
- Estimated Property Value
- Estimated Property Tax and Insurance Amount
- Existing Mortgage Information
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- Social Security Number
- Date of Birth
- Current Address
- Phone Number
- Email Address
- Valid ID
- Requested Loan Amount
- Estimated Property Value
- Estimated Property Tax and Insurance Amount
- Existing Mortgage Information
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