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Other Loans

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 personal loans, lines of credit, and more. At Nova CU you find low rates, fast approvals and terrific terms! Apply online today!

Promotional loans (Switch & Ditch, Holiday Loans, etc.) may not be combined with any other offer. To process your Online Lending Site, additional information will be needed, including your most recent pay stub and a completed (and signed) credit application. Your signature on our Loanliner application(s) and additional disclosures will also be required before funding the loan. You will hear back from us within 2 business days.

The Smart Option Student Loan® by Sallie Mae®

Now you can pay for college the smart way with three great repayment options and competitive interest rates! This loan is an ideal solution to help you pay for college expenses not covered by scholarships and federal loans for borrowers attending degree-granting institutions.

The Smart Option Student Loan features and benefits

  • Multiple in-school repayment options plus a choice of competitive fixed and variable interest rates, providing even more flexibility
  • No origination fee and no prepayment penalty
  • Rewards and interest rate reductions available
  • Rates that reward creditworthy borrowers
  • Applying with a creditworthy cosigner may help you qualify
  • 100% US-based Student Loan Specialists

To learn more, please get started.

Do 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.

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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.