Consumer Loans

Must be a credit union member to apply for a loan. To become a member call 508-994-9971 or apply online.

Personal Loans – Unsecured

Finance a variety of major items such as furniture, school supplies, vacation, debt consolidation and emergencies.

  • Loan Amounts up to $25,000
  • Term up to 60 months

Personal Loans – Savings Secured

A personal savings secured loan allows you to obtain financing at rates lower than a personal unsecured loan. Funds can be used for personal expenditures, special projects, and to establish or re-establish credit.

  • Minimum $1,000
  • Borrow up to 90% of your savings or Certificate of Deposit account
  • Term up to 60 months or the maturity date on a Certificate of Deposit, whichever is less

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Auto Loan – New and Used

Purchase a new or used car, truck, van or SUV and choose a financing option that's right for you. We offer competitive rates and a variety of terms to fit your budget.

  • New Auto (Model Year 2018-2019): Terms up to 72 months on new vehicles and up to 100% financing
  • Used Auto (Model Year 2015-2017): Terms up to 60 months and up to 95% financing
  • Used Auto (Model Year 2012-2014): Terms up to 36 months and up to 85% financing

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Guaranteed Asset Protection

Protect the purchase of your vehicle with our optional Guaranteed Asset Protection Insurance (GAP). There could be a big difference between what your insurance will pay and what you owe on your consumer loan. Most vehicles depreciate by thousands of dollars the instant you drive it off the dealer lot. Unfortunately, if your vehicle is stolen, accidentally damaged beyond repair, or otherwise declared as a total loss, you are still liable to pay the difference or the 'gap' between your insurer's settlement and your loan balance. GAP is low-cost coverage that pays the potentially high-cost difference between your insurance and loan balance. GAP can save you from making loan payments on a vehicle that is stolen or damaged beyond repair. GAP Plus also includes up to $1,000 toward your down payment of a replacement vehicle (where allowed by law) when financed with Southern Mass Credit Union.


Overdraft Line of Credit

Obtain an Overdraft Line of Credit from Southern Mass Credit Union in case your account is unexpectedly overdrawn. The Overdraft Line of Credit will cover transactions greater than your checking account balance up to your available credit limit.

  • Limits up to $3,000 available
  • No specified loan term

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Mass Save Heat Loan

The Mass Save® HEAT Loan Program offers you a 0% interest rate loan for the installation of qualified energy-efficient improvements.

  • Owner occupied and investment properties
  • Loan terms up to 84 months
  • Maximum loan amount of $25,000


Platinum Credit Card

Save money when making purchases, cash advances or transferring high interest rate card balances with our low rate Platinum Credit Card. Access your Platinum Card information anytime with our free Credit Card Online service. With Credit Card Online you know exactly how much you spent, available balance and make a payment.

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