Share Loans FAQs

Why choose SCU?

Sacramento Credit Union offers convenience and superior service that you won't find at any other institution. At Sacramento Credit Union, you'll have a team dedicated to working with you to expedite funding of your loan.

Sacramento Credit Union provides convenience, better pricing on loan programs, and exclusive promotions for TPMG physicians throughout the year. More TPMG physicians choose Sacramento Credit Union that any other Northern California financial institution. And based on our surveys 100% of TPMG physicians are very satisfied at SCU, you can view testimonials here.


Do I need to come to your office to sign any documents?

No, we make it easy by providing a simplified online application and we will send your loan documents via DocuSign for your electronic signature.


How long will it take my loan to fund?

Once we receive your signed loan documents and the TPMG Guaranty we will wire funds to TPMG Oakland. The process of opening your account and wiring the funds to TPMG will be completed between two and four business days after all of your documents have been received.


I don't need the full share loan, can I only do a partial loan?

Yes, we can finance any amount up to the total amount of the shares. However if you are considering delaying the purchase the "C" shares, please consider that by financing the entire share amount now you will avoid any potential change in share price and you will save time by completing the entire process at once.

Can I purchase the "C" shares at a later date?

Yes, by financing the entire share amount now you will save time and avoid any potential change in share price.


I already own the "A" and "B" shares, can I get a loan for the "C" shares now?

Yes, if you have been notified that you are eligible to purchase "C" shares we can provide financing up to 100% of the purchase amount.


How will my SCU Share Loan impact my credit score?

SCU reports your loan to all major credit bureaus. Opening new accounts responsibly and paying them on time will maintain or enhance your FICO Score over the long term.


Do I need to join the credit union to obtain this loan?

Yes, we will include a membership application along with your loan documents for your electronic signature and will request account information to fund your $5 membership fee and a $25 minimum deposit into your savings account. As a member-owner of Sacramento Credit Union you can take advantage and enjoy the benefits of SCU membership!


What information will I be required to provide?

We will need your driver's license number along with issue and expiration date.


How do I make my payments?

We offer the convenience of automatic payroll deduction.

Can I payoff my loan early?

Yes, we do not have prepayment penalties.

How do I make additional payments?

Mail a check to PO Box 2351 Sacramento, CA 95812. Please write your member number and "principal payment only" on the memo line.


Who can I contact if I have questions?

You may contact Mary Ledesma at mledesma@sactocu.org, (916) 444-8599 ext. 3002, or click here.