Consumer Loans

Imagine that new car, or feel the excitement of hitting a hill on your new snowmachine. We have loans for any occasion and terms that will make it easy on your wallet. Apply for a loan today!

Looking for Auto Loans?

Consumer Loans
Custom Image

Contact Consumer Loans: 907-459-5970

Consumer Loans Fax: 907-459-5986

  • Competitive rates
  • Easy to apply - Apply online or call us at the number above.
  • Flexible terms
  • Various financing options
  • Local approval and servicing
  • Signature loans and credit cards available
  • Quick decisions both online and in-branch
  • Personal service and friendly loan officers!

3.00% on all new and used snowmachine's and ATV's

  • Must be A grade to qualify
  • Financing over 105% of MSRP or retail value may result in higher APR.

Out here in Alaska, if you're just staying on the roads, then you're not getting your money's worth. We offer affordable financing on all sorts of recreational vehicles including:

  • Motorhomes, campers, and travel trailers
  • Snowmachines, motorcycles, and ATVs
  • Boats, outboard motors, and personal watercraft
  • Trucks, cars

Skip A Payment

Get some financial breathing room and additional flexibility when you need it with this special offer. Just let us know which loan payment you would like to skip. Once you are approved, simply skip one month's payment and keep the cash instead!

NOTE: Skip-A-Payment does not apply to credit cards or some home loans. Loans must be up to date. Normal interest charges will continue to accrue, and your skipped payment will be added to the end of your loan term.

Close at a Dealership

Choose your new toy or vehicle, apply online for preapproval with us, and then sign loan documents right at the dealership. Never come into the credit union! Now that's one-stop shopping. We work with the majority of local dealerships in Fairbanks. Check with us for a list of our current dealers. Call our consumer loan department at 459-5970 if you have any questions!

NADA Guides

Be prepared before you walk onto the car lot! Find out what your ideal car should cost, the value of your trade-in, and more at Spirit of Alaska FCU determines the loan value of a vehicle by Nada Guide estimates.

Looking for loan coupons?

*Lowest rate available with discounts is a 3.25% Annual Percentage Rate. On approved credit.

Insurance Info

Insurance Protection Plans

Guaranteed Asset Protection (GAP)

Due to market conditions, the actual cash value of your collateral may decrease faster than your balance. Available on most of our consumer loans, GAP provides added protection for you in the case of theft or a loss of your collateral during the finance period when your loan balance exceeds the insurance settlement amount. As an additional bonus, if you have a qualifying GAP claim and finance a replacement vehicle within 90 days from the date of loss with Spirit of Alaska, you may be eligible to receive a $1000 credit towards your new loan

Insurance Information

Insurance inquiries and policy changes

For inquiries and to change your insurance information, visit, or call 866-201-0921. You can also fax your policy to 866-895-2553.

Proof of Insurance Requirements

Make sure that Spirit of Alaska FCU is listed as the leinholder on your insurance policy statement, with an address of:

Spirit of Alaska FCU

P.O. Box 791647

San Antonio, TX 78279-1647

Deductibles for comprehensive and collision should not exceed $500. We do not accept insurance cards as proof of insurance.

Signature Loans

Signature Loans

Sign on the dotted line and the loan is yours! With approved credit, you can receive financing to help you pay for whatever you need. For unsecured loans under $2000, members are encouraged to apply for our great Visa Credit Card.

Share Secured

Share Secured Loan

Looking for an inexpensive way to establish credit or rebuild your damaged credit? Do you have the funds for that long desired purchase but dread seeing your savings account dwindle? A Share Secured loan may be the solution for you. Spirit of Alaska can make your hard earned money work for you!


Share secured loans are simply funds pledged from a savings account to "secure" a loan. The credit union keeps the funds in the savings account on hold, then lends out that same amount to you. As the loan balance decreases with payments made, the "hold" adjusts with the loan balance, so that the credit union only holds what is owed on the loan. We also continue to pay you interest on the savings account while it is on hold.


The loan rate is 4% above the dividend rate on the share. The rate is variable, because savings account dividend rates often change. For example, if the savings account rate goes down, the rate on the share secured loan goes down too, but always remains only 4% above the savings account rate. Besides the rate, loan terms are fairly flexible.

Certificate Secured Loans


A loan can also be secured against a Certificate. The concept is similar to a Share Secured loan, but the length of the loan is determined by the maturity date of the Certificate.


The loan rate is 4% above the Certificate rate and is not variable because the Certificate rate is fixed; therefore the loan rate is fixed.

Please call our Consumer Loans department at 907-459-5970 with any questions you have, come into any branch to apply, or Apply Online.

Smart Option Student Loans

The Spirit of Alaska Federal Credit Union Smart Option Student LoanĀ® by Sallie MaeĀ®

For borrowers attending degree-granting institutions

Apply Now

Now you can pay for college the smart way with three great repayment options and competitive rates!

The Smart Option Student Loan is an ideal solution to help you pay for college expenses not covered by scholarships and federal loans. To learn more or to apply, please get started here.

The Smart Option Student Loan features and benefits:

We offer a choice of competitive fixed and variable interest rates providing even more choice and flexibility

  • No origination fees and no prepayment penalty
  • Multiple in-school repayment options available
  • borrower benefits available - like rewards and interest rate reductions
  • Rates that reward creditworthy borrowers
  • Applying with a creditworthy cosigner may help you qualify and/or receive a lower rate
  • 24/7 online account management

To learn more or to apply, please get started here.