Finder may earn compensation from partners, but editorial opinions are our own. Advertiser Disclosure

FedEx Employee Credit Association loans

Membership to this shipping company credit union could deliver a loan at a great rate.

No reviews yet. Write a review

Loans are almost unavoidable in adult life, but can be the result of needing something exciting — like to finance a new car or pay for your next family vacation. FedEx is likely not the first name that comes to mind when you think about loans, but you may find what you need with the credit union borne of the shipping company.

The FedEx Employees Credit Association (FECA) has a variety of products that ranges from checking and savings accounts all the way to investing products. Amid those offerings is an exceptionally thorough selection of loans, including auto, home equity, personal loans and more.

These loans are only extended to FedEx employees, retirees, family members and household members, however.

What types of loans does FedEx Employees Credit Association offer?

A host of loans for different needs are available through FECA.

Personal loans

A personal loan can be used on any legitimate purchase through a line of credit, signature loan, 12-12-12 specialty loan and freedom loan.

  • APRs. Start at 7.99% for a signature loan and line of credit.
  • Terms. Up to 5 years for a signature loan.

FedEx Employee Credit Association personal loans review

Auto loans

Auto loans are secured loans that are used to purchase non-leisure vehicles such as cars, trucks, vans and SUVs.

  • APRs. Start at 1.49% for a loan term up to 36 months.
  • Terms. Up to7 years, depending on the loan amount.

FedEx Employee Credit Association auto loans review

Leisure vehicle loans

A leisure vehicle loan is also a secured loan, but it is instead intended for RVs, planes, boats and motorcycles.

  • APRs. Start at 7.29% for a loan term up to 60 months.
  • Terms. From two to five years.

Home equity lines of credit

A home equity line of credit is a type of financing that’s secured by the equity built up in your home. With a line of credit, you can draw on the amount as you need it once you’ve paid off part or all of what you originally borrowed.

  • APRs. From Prime + 0% to Prime + 1%.
  • Terms. Up to 15 years.

Home equity loans

Home equity loans are similar to home equity lines of credit in that they’re secured by the equity you’ve built up in your home. The difference is you get a one-time lump sum rather than a line of credit.

  • APRs. From 3.25% to 5.25%.
  • Terms. Up to 15 years.

Land loans

A land loan can be used to purchase land for any legitimate use.

  • APRs. 7.25%.
  • Terms. 10 years.

Lot loans

Lot loans are shorter term financing for purchasing a section of land to build a house. The underwriting criteria is different from that of a land loan.

  • APRs. From Prime to Prime + 3%, depending on the loan term.
  • Terms. 2 or 5 years.

Compare a selection of FedEx Employee Credit Association loans

FedEx Employees Credit Association Auto Loan



FedEx Employees Credit Association Signature Loans



Why should I consider taking out a loan with FedEx Employees Credit Association?

  • Several options available. Over half a dozen types of loans are available to fit your specialized needs. Personal loans even have four subtypes to choose from.
  • Check application status online. Your application status is available anytime online through the FECA website. A quick registration is required, but you can sign in directly once you’ve registered.
  • Online services available. Bill pay, your loan status and your remaining balance are all easily accessible online.
  • Full-service suite of other products. Checking, savings and investing products are also available to members.

Where does FedEx fall short?

  • Membership requirement. As with all credit unions, you must meet certain criteria to join. In the case of FECA, you’re required to be a FedEx employee, retiree, family member or qualified household member to join.
  • Not fully transparent about rates and fees. Potential fees aren’t readily available for borrowers before applying. Maximum APR limits are also not provided on the site.

How much will it cost me to borrow with FedEx Employees Credit Association?

APRs are subject to change, and approval doesn’t necessarily mean you’ll get the lowest rate. Underwriting criteria, how much you’re borrowing, your loan term and what you’re borrowing the funds for all affect how much you’ll end up paying for the total cost of the loan.

FedEx isn’t upfront about its additional costs, so look out for fees outlined in your loan contract.

Are FedEx Employees Credit Association loans safe?

Yes, loans from FECA are safe. It’s a reputable lender that’s been around since the 1970s. Any information you enter online is protected, and you can even request that certain details not be disclosed to third parties.

What does the Internet say about FedEx Employees Credit Association?

FECA has been accredited by the Better Business Bureau (BBB) since late 2011. It’s rated A+ by the organization, but currently only has one review. The review is negative and from June 2017, but it’s since been resolved. Due to the one negative review, the credit association has a BBB composite score of 3.68 out of 5.

Compare more loan providers

Name Product Filter Values APR Min. Credit Score Loan Amount
BHG personal loans
$20,000 – $200,000
A highly-rated lender with quick turnaround and reliable customer service.
Credible personal loans
2.49% to 35.99%
Fair to excellent credit
$600 – $100,000
Get personalized rates in minutes and then choose an offer from a selection of top online lenders.
Best Egg personal loans
5.99% to 29.99%
$2,000 – $50,000
A prime online lending platform with multiple repayment methods.
PenFed Credit Union personal loans
5.99% to 17.99%
$600 – $50,000
With over 80 years of lending experience, this credit union offers personal loans for a variety of expenses.
SoFi personal loans
4.99% to 19.63%
$5,000 – $100,000
A highly-rated lender with competitive rates, high loan amounts and no fees.
Monevo personal loans
1.99% to 35.99%
$500 – $100,000
Quickly compare multiple online lenders with competitive rates depending on your credit.
Tally+ Express
7.9% to 29.99%
$2,000 – $30,000

Only available for Line of Credit and Debt consolidation

Upgrade personal loans
5.94% to 35.97%
$1,000 – $50,000
Affordable loans with two simple repayment terms and no prepayment penalties.
Upstart personal loans
5.55% to 35.99%
580 or 600 depending on state of residence
$1,000 – $50,000
This service looks beyond your credit score to get you a competitive-rate personal loan.

Compare up to 4 providers

Name Product Filter Values Minimum credit score APR Loan term Requirements
PenFed Auto Loans
Starting at 1.79%
3 to 7 years
Active membership with PenFed
Low APR car loans from a well-known credit union.
No minimum credit score
3.9% to 27.9%
18+ years old, annual income of $4,000+, no active bankruptcies
Get pre-qualified for used car financing and receive competitive, personalized rates. Car Loans
Varies by network lender
Varies by lender
Must be a US citizen with a current US address and employed full-time or have guaranteed fixed income.
Apply with a simple online application to get paired with a local auto lender. No credit and bad credit accepted.
CarsDirect auto loans
No minimum credit score
Varies by network lender
Varies by network lender
Must provide proof of income, proof of residence, and proof of insurance.
Save time and effort with this lending service specializing in beginner-friendly or subprime car loan.
Auto Credit Express Car Loans
Must be employed full-time or have guaranteed fixed income of at least $1,500/month and be a current resident of the US or Canada.
Get connected with an auto lender near you, even if you have bad credit.
Monevo Auto Loans
3.99% to 35.99%
3 months to 12 years
Credit score of 500+, legal US resident and ages 18+.
Quickly compare multiple online lenders with competitive rates depending on your credit.
Good to excellent credit
Starting at 0.99%
Varies by lender
18+ years old, good to excellent credit, US citizen
Compare multiple financing options for auto refinance, new car purchase, used car purchase and lease buy out. Car Loans
Starting at 1.89%
550+ credit score, no open bankruptcies, $24,000+ annual income, US citizen or permanent resident, 18+ years old
Get up to four offers in minutes through one simple application. Multiple financing types available including new cars, used cars and refinancing.

Compare up to 4 providers

How to apply for a loan with FedEx Employees Credit Association

To apply for a loan with FECA, you’ll first need to become a member, open to only FedEx employees, retirees, family members and household members. You can apply for membership online or download an application and submit it by mail or at a local branch. You’ll need a few pieces of information with your application:

  • Your Social Security number.
  • Two forms of ID — one must be government-issued, such as a driver’s license or passport.
  • $25 to open a savings account.

Once your application for membership is accepted, you can go on to apply for a loan. To do so, go to the FECA website, hover over Loans and click the type of loan you want. Then scroll to the bottom of the page and click Apply Online.

You’ll be directed to sign in to your FECA account, and from there you can fill out your loan request information, review your application and submit it.

Bottom line

FECA offers a range of loans for different needs. Membership requirements can be a big obstacle though, as only FedEx employees, retirees, family members and household members are permitted to apply. Regardless of your eligibility, compare your options with our guide to personal loans to get an idea of what loans are available and which could best fit your financial circumstances.

Frequently asked questions

More guides on Finder

Ask an Expert

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and Terms of Use.

Questions and responses on are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site