Sallie Mae Smart Option Student Loan®

The Smart Option Student Loan® by Sallie Mae® is an ideal solution to help bridge that gap between federal loans and the cost of your education expenses.

Smart Option Student Loan® Features & Benefits

  • Competitive interest rates
  • Borrow up to 100% of school certified education costs (minimum $1,000)
  • Multiple in-school repayment options available
  • Borrower benefits available - like rewards and interest rate reductions
  • Rates that reward credit worthy borrowers
  • Applying with a creditworthy co-signer may help you qualify and/or receive a lower rate
  • Fast Online Application. Our easy-to-complete application takes about 20 minutes.
  • 24/7 online account management
  • No prepayment penalties

Applying is quick and easy. Complete the secure online application today.

Federal Financial Aid

Haven’t applied for Federal Financial Aid yet? That’s the first step in the college funding process. Below are steps to follow when applying:

1. Complete the Free Application for Federal Student Aid (FAFSA). This can be obtained by calling
1-800-4FEDAID or online at Applications are accepted and processed after January 1 of the year in which you plan to attend school.
2. You will receive your Student Aid Report (SAR) 6-8 weeks after filing a FAFSA.
3. If you qualify for financial aid, you will also receive an Award Letter from the school you will be attending.

Visa Home Equity New Site:

Put your home’s equity to good use

Consolidate debt, make home improvements, pay for an education, or prepare for the unexpected with a Home Equity option from Ideal Credit Union.

A Home Equity Loan makes a great option because:

  • Home equity loans offer potential tax savings with interest paid being tax deductible
  • Home equity loans typically have lower rates than credit cards or other unsecured loans
  • Home equity loans are a great way to access your hard earned equity to fund other life expenses

Ideal CU Home Equity Options

 Visa Platinum Home Equity Line of CreditHome Equity Installment LoanHome Equity Line of Credit
Check RatesApplyApplyApply
DescriptionLine of credit that you draw on with a credit card when the need arisesInstallment loan with a fixed termLine of credit you draw on as the need arises
Maximum Loan to Value1Up to 80%Up to 80%Up to 80%
Maximum Loan Amount$150,000$150,000$75,000
Maximum TermUp to 20 years - 5 year draw and a 15 year repayment periodUp to 15 yearsUp to 20 years - 5 year draw and a 15 year repayment period
Annual Percentage Rate6Variable Rate2Fixed RateVariable Rate3
Minimum Monthly PaymentInterest only4Fixed amount, based on initial disbursement$1.50 per $100 of the balance outstanding or $150, whichever is greater
Access/Cash Advance OptionsVisa Platinum Card and cash advances at ATM machinesFunds are disbursed in one lump sumPhone transfers and in-lobby advances

1. Some housing exceptions apply. 2. Minimum Annual Percentage Rate (APR) Floor of 5%. APR calculation is subject to change monthly and is based on the fol - lowing: balances of $25,000 and greater will be calculated at Prime Rate (as published in the Wall Street Journal) minus 0.25%/ balances $24,999.99 and lower will be calculated at WSJ Prime Rate. 3. Rates subject to change in August of each year, minimum APR of 6%. 4. Interest only payments can be made for the first five years during draw period. After the draw period ends, required payments are calculated at $1.25 per $100 of the outstanding balance or $150, whichever is greater. 5. Consult your tax advisor. 6. For current rates, visit

Certificates of Deposit

CDs are popular because they deliver insured safety, attractive rates, and terms ranging from 91 days to 5 years. Minimum deposits start at $100. Rates for new CDs are set every week and interest is compounded monthly for all terms.