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The ACCU Difference
For over 60 years ACCU has been a financial partner to thousands of churches, schools, and ministries nationwide, and over the years we’ve developed an efficient school loan process that is straightforward, easy to understand and designed to maximize and prepare your ministry for growth. Whether purchasing, renovating, or expanding, our staff will work hand-in-hand developing a solution that works best for your school.
Experienced Relationship Managers
Our relationship managers serve in multiple facets in their ministries – from volunteers to sitting on the board as an elder. We understand the unique factors that make schools a pivotal role in our communities.
Financial Partner
Your relationship manager will get to know your school, pray with you, and provide the best solutions for you.
Ways We Can Help
Construction & Renovation
Is your campus feeling a little cramped these days? Or maybe you have an aging facility that is struggling to keep up with your school’s mission. It might be time to consider some construction or renovation!
Purchase
Are you on the hunt for a new building to replace or expand your existing footprint? Let ACCU’s experienced commercial lending team guide you through the process of securing financing to make that new space yours.
Refinance
Not sure your current loan is giving you the best terms? Speak with a lending specialist to see if a refinance could improve your school’s financial condition and give you increased capacity to flourish.
Operate
Is a 10-month tuition payment plan or quarterly state voucher disbursements disrupting your cash flow? An operating line of credit could be the answer to finding stability and peace of mind.
The Process
Loan Payment Calculator
The loan amount, the interest rate, and the term of the loan can have a dramatic effect on the total amount you will eventually pay on a loan. Use our loan payment calculator to determine the payment and see the impact of these variables on a specified loan amount complete with an amortization schedule.
This information may help you analyze your financial needs. It is based on information and assumptions provided by you regarding your goals, expectations and financial situation. The calculations do not imply that the company assumes any fiduciary duties. The calculations provided should not be construed as financial, legal or tax advice. In addition, such information should not be relied upon as the only source of information. This information is supplied from sources we believe to be reliable but we cannot guarantee its accuracy. Hypothetical illustrations may provide historical or current performance information. Past performance does not guarantee nor indicate future results. This calculator is not an offer of credit nor a guarantee of approval.
Key Terms To Familiarize Yourself With
Amortization: The process of paying off debt overtime in consistent payments consisting of the interest and principal that is sufficient to pay off by its maturity or due date.- Balloon payment: A large payment due at the end of a loan’s term that is larger than the consistent payments made during the loan’s term.
- Reprice: A change in the interest rate at certain points during the loan’s terms.
- Fixed rate: An agreed upon interest rate that won’t change for the term of the loan.
- Down payment: It is the initial payment made, sometimes required of a loan deal, that represents a percentage of the full loan amount.
APR = Annual Percentage Rate. Loan approval subject to credit, income, property appraisal and qualifications. Not all applicants will qualify, or qualify for the lowest rate. Costs may be associated with this loan. Offer not valid on current ACCU loans. Rates, terms and conditions subject to change or discontinue at any time and without notice.