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Personal Loans

If you thought loans were just for cars and homes, think again. Nova CU offers a selection of loans for any purpose, including Holiday D├ęcor Loans, Holiday Party & Gift loans, Vacation Loans, Home Improvement Loans, Veterinary Loans, Wedding Loans, personal loans, lines of credit, and more. At Nova CU you find low rates, fast approvals and terrific terms! Apply online today!

Whether you're an undergraduate, graduate student or parent, get money for school from Sallie Mae®

Sallie Mae® Higher Education Loans are designed for the needs of undergraduates, graduate students, and parents.

  • Competitive interest rates
  • Multiple repayment options
  • No origination fees; no prepayment penalty

Choose the best loan for you!

  • Smart Option Student Loan® for Undergraduate Students
  • Parent LoanSM
  • Plus, a suite of graduate loans to pay for expenses included in your school's cost of attendance and designed for your specific degree

Find out which loan is right for you.

How do you decide if you need a Student Loan?

  1. Use FREE money. Fill out the Free Application for Federal Student Aid (FAFSA) to access need-based grants, and research and apply for scholarships.
  2. Explore federal loans. Some Federal Loans are available regardless of need and offer students and parents low, fixed interest rates and flexible payment options.
  3. Fill any gaps with private student loans.

These loans are made by Sallie Mae Bank or a lender partner. Nova Credit Union is not the creditor for these loans and is compensated by Sallie Mae for the referral of loan customers. This information is for borrowers attending degree-granting institutions only. You must be attending or have attended a participating school located in the U.S. during an eligible prior enrollment period. You must be a U.S. citizen or a permanent resident or a Non-U.S. citizen borrower with a creditworthy cosigner (who must be a U.S. citizen or permanent resident) and required U.S. Citizenship and Immigration Service (USCIS) documentation. U.S. citizens and permanent residents enrolled in eligible study abroad programs or who are attending or have attended schools located outside the U.S. are also eligible. For the Dental School Loan, Law School Loan, MBA Loan, and Medical School Loan, students must be enrolling in a graduate-level degree program in a field of study that is eligible for the loan and Graduate Certificate/Continuing Education coursework is not eligible. Applications are subject to a requested minimum loan amount of $1,000. Current credit and other eligibility criteria apply. Parent Loan: This information is for borrowers with students attending degree-granting institutions only. The student is not eligible to be a borrower or cosigner and must be attending or have attended a participating school during an eligible prior enrollment period, or be enrolled in an eligible study abroad program. The borrower, cosigner and student must be U.S. citizens or permanent residents. The school may refund loan funds directly to the student, and if that occurs, borrower and cosigner (if applicable) would still be responsible for repaying that amount to Sallie Mae. Applications are subject to a requested minimum loan amount of $1,000. Current credit and other eligibility criteria apply. SALLIE MAE RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS, SERVICES, AND BENEFITS AT ANY TIME WITHOUT NOTICE. © 2018 Sallie Mae Bank. All rights reserved. Sallie Mae, the Sallie Mae logo, and other Sallie Mae names and logos are service marks or registered service marks of Sallie Mae Bank or its subsidiaries. All other names and logos used are the trademarks or service marks of their respective owners. SLM Corporation and its subsidiaries, including Sallie Mae Bank, are not sponsored by or agencies of the United States of America. MKT13472

Co-Maker Loans

The USPS Co-Maker Loan from Nova CU is a great loan for active Postal members who need a little extra cash, who are just beginning their credit history, or who are trying to fix any credit problems that they may have had in the past.

The Co-Maker loan is signed by up to 20 active USPS employees who are also members of Nova CU and who are "co-makers" for $1000 each.1 With a maximum amount of $20,000 and a maximum term of 60 months, the co-maker loan is an excellent way to consolidate high interest credit cards or pay-off old school loans. The loan term can vary according to the amount borrowed. Easy bi-weekly payments through payroll allotments offer a hassle-free secure payment plan.

Co-Maker Loans
Amount Requested# of co-workers
$1,001 co-worker
$2,0002 co-workers
$20,00020 co-workers

All co-makers on the loan must be Nova CU members in good standing, active USPS employees, and must meet certain criteria including being both an active USPS employee and Nova CU. All information remains private and confidential.

Some restrictions apply. Contact an Account Manager for additional information.

1All co-signers/makers must qualify for the loan by being both an USPS active employee and a Nova CU member in good standing. It is possible that a co-maker signee could be held liable for more than $500, up to the maximum loan amount, if the loan goes into default. Co-maker loans are unique to credit unions who serve one member group.

Payment Protection

Nova CU has several options for Payment Protection for your loan.

  • Credit Disability
    Should you become disabled due to injury or sickness, Credit Disability will cover your loan payment until you're no longer disabled, your loan is paid, or you reach the maximum benefit on your policy.1
  • Mechanical Repair Coverage
    Eliminates financial burden for unexpected auto mechanical breakdowns.
  • Guaranteed Asset Protection (GAP)
    A total vehicle loss will not create a financial burden.

1Be sure to read the Credit Insurance Application and Certificate of Insurance which will explain the exact terms, conditions and exclusions of the policy. Eligibility requirements including age maximums, working requirements and health questions may apply. Also, benefits may be subject to a waiting period. The policy may include maximum coverage or benefit amounts and/or durations. Exclusions for pre-existing conditions, normal pregnancy, intentional injury, air travel and/or atomic explosions may apply.