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Unsecured Loans


Tuition Loans

Let Shell New Orleans Federal Credit Union finance your child's tuition! Tuition loans are available at 7.75% APR*.

  • 12 month repayment term
  • Finance up to an additional $500 per child for uniforms and supplies
  • Payments can be automatically drafted from your paycheck each month
  • Simple interest loans with interest accrued daily beginning on the first day of the loan
  • Available for elementary/secondary education
  • Apply online now

*APR (Annual Percentage Rate). All loan approvals are based on standard loan underwritting and/or automated credit-scoring benchmarks.

Signature Loans

Don't have collateral? Need to pay college tuition, a new home computer, medical bills or anything else? No problem, you can borrow the money you need with just your signature using our Signature Loan.* With our Signature Loan:

  • Borrow any amount from $500 to $25,000, depending on qualifications.*
  • Terms from 1-60 months with fixed monthly payments.
  • Simple interest loans with interest accrued daily beginning on the first day of the loan.
  • Payment amount is based on loan amount, rate and term.
  • Click here to check our our low rates.
  • Click here to apply online now.
  • Click here for payment examples.

Line of Credit

  • If you are making a signature loan but don't need the money all at once or want convenient overdraft protection for your Shell New Orleans Federal Credit Union checking account, structuring it as a Line of Credit makes sense.
  • Loan amounts from $250 to $25,000, depending on qualifications.*
  • Draw on the funds when needed.
  • Interest is paid only on funds used.
  • Monthly payment is a low percentage of the balance due.
  • Fixed rate of interest. Finance charges are calculated at a monthly periodic rate.
  • Overdraft protection draws only the amount needed to cover unavailable funds in your Checking Account.
  • Excellent reserve for unexpected needs.
  • No monthly fee.
  • Click here to check our our low rates.
  • Click here to apply online now.

*Annual Percentage Rates. Actual rates vary based on credit approval, discounts and loan term. Terms of loan may vary based on amount financed. Please contact us at 504-728-4853 and we'll help you get the lowest rate possible. All loan approvals are based on standard loan underwriting guidelines and/or automated credit-scoring benchmarks. Loan rates are subject to change without notice.

Share Pledged Loans

Share Pledged Loans are designed to provide the funds needed when you don't want to close a CD early and incur an early withdrawal penalty. They're also popular to help repair credit history the only way possible, which is to make a loan and make regular payments on-time.

When the loan is made, the funds on deposit in your Shell New Orleans FCU accounts are frozen as collateral. As you repay the loan, the funds may be released by each principal payment amount. Only Regular Share and Term Share Certificates, excluding Individual Retirement & Flex Accounts, are available as collateral for a Share Pledged Loan.

  • Maximum loan amount up to 100% of balance in account
  • Rate is 2% over the dividend rate of the share account pledged
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