Official Credit Union of UMass Athletics

Official Credit Union of UMass Athletics

Specialty Loans

We understand there are a lot of different situations that require credit that are unique to certain individuals. We have partnered with our sponsor groups and select organizations in order to bring you these specialized loan options.

0% Mass Save® Heat Loan

UMassFive is able to offer an array of interest free loans in partnership with Mass Save to assist with the installation of qualified energy efficient improvements in your home. Please call or visit a branch for more information and to apply, visit

0% Farm Share Loan

A special no interest fixed term loan that offers our members the ability to finance an individual share at any local CSA (Community Supported Agriculture) farm and spread their payments over six months. If you need assistance finding a CSA farm, please visit CISA's (Community Involved in Sustaining Agriculture) website - for a list of farms in the Pioneer Valley. Please call or visit a branch for more information and to apply.

CES Continuing Education Loans

UMassFive and Collaborative for Educational Services (CES) have partnered to provide loans to students enrolled in CES Educator Licensure Programs throughout the Commonwealth. Financing is also available for those pursuing Masters Degrees and Certificates of Advanced Graduate Study through CES’s higher education partner, Fitchburg State University. Please call for more information and to apply.

UMass Medical School Residency and Relocation Loan

Our Residency and Relocation Loan is available to graduate students at the UMass Medical School in Worcester, MA. These loans finance the costs associated with seeking residency opportunities, including travel for interviews, temporary housing, exam preparation courses, and general relocation costs. Please contact Kathy Dube or Kathi Bates at our UMass Worcester Branch for more information and to apply.

Credit Union's UMass Memorial Resident Mortgage

A program aimed at assisting current UMass Memorial residents and fellows (and any who have graduated within the last five years from UMass Medical School) to purchase a home. Special financing terms make this a very affordable home financing option. Please contact Tom Keville for more information and to apply.

Specialty Loan Rates

Product Annual Percentage Rate Max Term Limits
Micro HEAT Loan 0.00% 24 months $500 - $2,000
Standard HEAT Loan 0.00% 84 Months $2,001 - $15,000
Enhanced HEAT Loan 0.00% 84 Months $15,001 - $25,000
Non - Owner Occupied Standard HEAT Loan 0.00% 84 Months $5,000 - $25,000
Farm Share Loan 0.00% 6 Months $200 - $800

Payment example: 0.00% for 66 months equals $15.15 per $1,000 borrowed.

For questions or assistance, contact a friendly UMassFive representative today!