If you weren’t one of the 89 St. Thomas Employee Federal Credit Union members who just received an average of $934.38 in a Christmas Club check, you may be interested in the “Santa Special” loan that is being offered to any credit union member in good standing who has a Beacon (credit) score of 600 or more.

These loans will be available until Dec. 22, 2009, and can be had in addition to the credit union’s regular signature loan. The $40,000 cumulative loan limit to any one member is still in force.

The Santa Special loan can be written for a maximum of $1,000, at 10 percent interest, with a term of one year. Loan payments can be made by automatic payroll deduction at either UST or St. Thomas Academy, or by monthly over-the-counter check payments. Depending on how many days there are between loan distribution and the first payment, payments for $1,000 will be approximately: $40.50 for 26 UST payroll payments, $43.87 for 24 STA payroll payments, or $87.91 for 12 monthly payments. There are no prepayment penalties.

Loan applications are located in a rack across the hallway from the credit union office at Room 209, Loras Hall, or one can be sent. To request an application, call (651) 962-6660 or e-mail the Credit Union.