The OPPFFCU structure is unique and enables it to keep loan interest rates low, compared to a traditional bank. The interest rate charged for loans depends on the loan applicant credit rating, the use of the loan, and is the minimum required to pay for the Credit Union expenses, member services, and required reserves. The remainder of the income is distributed to members in the form of dividends (interest) on their shares (savings).
OPPFFCU offers the following types of loans:

There are certain requirements that must be met in order for you to apply for a loan from our credit union. These include:

• A $20.00 loan application fee
• Your two most recent paystubs
• If you rent an apartment, your two most recent rent receipts
• Most importantly: Be a member of the Omega Psi Phi Fraternity Federal Credit Union

If you meet these requirements, you may fill out a loan application online or print out this form and send the application and fee to:

Omega Psi Phi Fraternity Federal Credit Union C/O CAMO
568 Liberty Hill Rd. | Toccoa, GA 30577-7996 | Phone: 800-426-6342

PLEASE NOTE: We will hold your application on file for 14 days while we wait to receive your application fee. Your application is only valid for up to 30 days after date of application. If we do not receive documentation requested or no response from you, the application will be considered void and/or withdrawn by the Credit Union.