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Loans > Teacher Loans 

Teacher Loans

In 1950, a Montgomery County teacher needed a loan to cover medical expenses and could not obtain one through her bank or education union. As a result, a group of teachers came together and formed MCT Federal Credit Union—a cooperative financial institution.  As a credit union founded by teachers for teachers, we are dedicated to creating custom loan products to meet your needs. 


Preferred Teacher Loan1

Whether you are new to the area and need money to cover relocation expenses or you are getting ready for classes and need money for supplies or a new wardrobe, this is a great loan to cover the gap between now and your first paycheck.

  • Attractive low rates2
  • Loan amounts available up to $2,500
  • Terms up to 12 months

Apply now!

Preferred Teacher First Time Vehicle Loan1

Ready for a new set of wheels? Let us help you get the car of your dreams.
  • Attractive low rates2
  • Terms up to 72 months
  • 100% Financing on new cars
  • 120% Financing NADA Value on used cars (2003 models or newer)

Apply now!

1 Direct deposit and Direct Pay is required to qualify for a Preferred Teacher First Time Vehicle Loan.
2 Annual Percentage Rate (APR) is based on an evaluation of applicant’s credit. Your actual rate may vary. Rate is subject to change without notice. Other rates and terms are available. Rate includes a .50% Level 5 Scholar Series discount.


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