Attention Members: In honor of MLK Jr. Day, our credit union will be closed on Monday, January 19. We will resume regular business hours on Tuesday, January 20.

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Last Mile Loan

A special-purpose loan for your needs.

Sometimes financial aid, scholarships, and family support still don’t quite cover everything. If you’re enrolled at NewU University and feeling that last little gap, you’re not alone.

That’s why Labor Credit Union is offering a special-purpose loan for your needs, designed just for NewU students. This loan helps you:

  • Cover remaining expenses
  • Pay for textbooks and course materials
  • Help you get across the last mile of your education
Apply for the Last Mile Loan

Loan Options

Choose the option that fits your needs and budget, based on your documented enrollment and expenses:

Loan tier: $1,200

  • Term: 24 months
  • Estimated payment: about $54 per month at 7.00% APR*

Loan tier: $2,500

  • Term: 36 months
  • Estimated payment: about $77 per month at 7.00% APR*

Program features

  • Fixed-rate loan at Prime (currently 7.00% APR* for example shown)
  • No payment required for the first 60 days
  • Funds deposited directly into your Labor Credit Union account
  • Credit qualifications apply
Apply for the Last Mile Loan

Ready to Go the Extra Mile?

Call us at (202) 789-2901 or click below to get started.

Apply for the Last Mile Loan

 

Talk to an Engagement Officer
*Prime Rate as published in the Wall Street Journal the first business day of each month. As of January1, 2026, the Prime Rate is 6.75%. Not all applicants will qualify for this rate. Annual Percentage Rates are based on the applicant’s credit and our underwriting standards, which may include discounts for additional credit union services. Membership in Labor Credit Union and NewU University enrollment or admission are required. Additional restrictions may apply. Federally insured by NCUA.