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RCW Debt Support & Refinance Options

Debt solutions for rostered church workers

Serving those called to ministry, LutheranFCU offers specialized financial tools to help rostered church workers manage and reduce debt while staying focused on their mission. Whether you’re looking to consolidate existing balances into one monthly payment or refinance student loan debt for easier repayment, explore the options below to find the solution that works best for you.

RCW Consolidation Loan

Serving those called to ministry, LutheranFCU offers specialized financial tools to help rostered church workers manage and reduce debt while staying focused on their mission. Whether you’re looking to consolidate existing balances into one monthly payment or refinance student loan debt for easier repayment, explore the options below to find the solution that works best for you.

RCW Consolidation Loan


We understand the unique calling you have answered and your desire to stay focused on your ministry. We strive to help you meet your personal financial needs effortlessly, and with a staff that knows the unique qualities of your profession. This program is available to LCMS Ordained and Commissioned workers, and is designed to lend financial assistance by consolidating outstanding debt into one monthly payment.

 

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Details

  • Loans up to $25,000.00 are available.

  • Ability to consolidate existing credit balances (credit cards, loans, medical expenses, taxes, auto repair bills, etc.).

  • Loan funds disbursed directly to creditors.

  • Fixed monthly payments and no penalty for early payoffInterest rates starting at 7.625% (7.794% APR*).

  • Payback terms up to 7 years for lower monthly payments.

RCW Education Loan Repayment Program


Student loan debt is a troublesome obligation faced by many church workers. A crushing debt may cause ministers to concentrate more on their financial needs and less on their call for serving their communities. The Education Loan Repayment Program provides a refinance opportunity for both private and federal student loans. It is important to note that unlike federal/government student loan programs, once federal student loans are consolidated through this loan program, they are no longer eligible for certain repayment options that are made available only for federally backed student loans.

 

Apply Now

Details

  • Loans up to $50,000 available to Ordained or Commissioned workers.
  • Up to 10 year repayment terms.
  • Fixed interest rates starting at 6.875% (6.946% APR**).
  • The online application takes less than 10 minutes to complete.

Disclaimer

RCW Consolidation Loan:


*APR is the Annual Percentage Rate. Rate referenced above is the lowest rate possible for qualified borrowers and is based on underwriting criteria. There is a one-time $100 loan origination fee. Loan example: $25,000 at 7.625% for 60 monthly payments of approximately $502.44 each with a corresponding APR of 7.920%. All loans are subject to approval. Additional terms and conditions may apply. Rates are subject to change. 

RCW Education Loan Repayment Program:

**APR is the Annual Percentage Rate. Rate referenced above is the lowest rate possible for qualified borrowers and is based on underwriting criteria. There is a one-time $100 loan origination fee. Loan example: $50,000 at 6.875% for 72 monthly payments of approximately $849.45 each with a corresponding APR of 6.946%. All loans are subject to approval. Additional terms and conditions may apply. Rates subject to change.