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Student Products

The Smart Option Student Loan® for Emerald Credit Union by Sallie Mae®

For borrowers attending degree-granting institutions.

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

The 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:

  • Multiple in-school repayment options plus a choice of competitive fixed and variable interest rates, providing even more flexibility
  • No origination fees and no prepayment penalty
  • Benefits and an interest rate reduction available
  • Rates that reward creditworthy borrowers
  • Applying with a creditworthy cosigner may help you qualify
  • 100% US-based Student Loan Specialists

To learn more, please get started here.

The underwriting and funds for the Smart Option Student Loan® by Sallie Mae are not granted by Emerald Credit Union.  This product is offered in partnership with Sallie Mae on a referral basis.

Student Banking:

Student Banking is provided in many of the schools within our six affiliated local school districts. This program allows young members to make deposits into their Youth Savings Accounts right at school.  It provides a means for understanding the importance of saving at a basic level, and it’s fun for your students too.  Youth Savings Accounts begin earning dividends with a minimum average daily balance of just $50.00.


Each year, Emerald Credit Union selects up to two area high school graduates to be awarded with scholarships intended to aid with college expenses.  We also proudly participate in the Greater Cleveland CU Outreach Alliance Scholarship Program, presented by the Ohio Credit Union League.

2018 Greater Cleveland CU Outreach Alliance Scholarship:
This year, the Greater Cleveland CU Outreach Alliance will be awarding five (5) scholarships in the amount of $1,000 each.  Entrants will be judged on their ability to answer the essay question included in the application in a compelling and logical manner, as well as their use of grammar.

Please complete and return your Scholarship Application by Thursday, May 31, 2018 to: Regina Kelley, c/o Cleveland Police Credit Union, Inc., 2301 Payne Avenue, Cleveland, OH 44114.

Each entrant (or immediate family member) must be a member in good standing at one of the participating Greater Cleveland CU Outreach Alliance credit unions (Emerald CU is a participating credit union).  Only one scholarship submission will be accepted per entrant.  Subsequent entries will be disqualified.  Notification of the awards will take place the week of June 25, 2018.