Credit Union offers ‘Santa Special’ loan Patricia Sirek November 6, 2009 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.