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Cool Payments:

Buy Big and Pay Small with the More4Less Vehicle Loan

Buying a new vehicle is a big purchase that often leads to big monthly payments. More4Less is an exciting new program that allows you to dramatically reduce your monthly obligation. And, unlike a lease, it lets you build equity in your purchase.

Compare More4Less to a traditional loan for any make or model using our More4Less calculator.

Here’s how it works: Borrow up to the full amount of the vehicle. Your loan payment is calculated on only a portion of the debt and the remaining balance is kept separate as a balloon. When you get to the end of the term, you can pay off the balloon or refinance the remaining debt, OR turn in the vehicle and walk away from the final payment. Should you choose to walk, any remaining equity can be applied to your next vehicle purchase.

So…What are you shopping for? Give us a call and we’ll show you how to get More for Less.

Cool Rewards:

Get more out of THFCU Visa with uChoose Rewards

THFCU VISA is a low-cost and convenient way to make cool purchases this summer. It’s also more rewarding than ever before. With our new uChoose Rewards® program, you earn points whenever you make a purchase. Earn a point for every dollar you spend or give yourself a boost – by as much as 10 times your purchase amount – when choosing special offers from select merchants.

Use your points for merchandise, travel, gift cards, and much more. If you already have a THFCU Visa Credit Card, it’s easy to start earning. Visit and click the Register link. Follow the prompts to create your User ID and Password. Once registered, you’ll begin earning points! Revisit the rewards site often to check your point balance, redeem for rewards, or to receive exclusive offers.

Cool Cash:

PreApprove your Boat or RV Loan, earn cash back

Whether its land or water, your summertime cool place starts with a trip to your credit union. Visit THFCU before you shop to get pre-approved for a boat or RV loan. Then visit the dealership to shop (and negotiate) with confidence. Write a check for your purchase, then return to THFCU to finish the loan. Once you do, we’ll rebate you 1% of the loan amount back in cash.

THFCU Pre-approval is easy, takes the stress away from the dealership visit, and puts cash in your pocket. How cool is that?

Loan rates may change dependent on credit history, collateral, or term. Cash-back offer must be approved by THFCU prior to purchase and is subject to verification of security interest. More4Less loan amount/payment includes $295 program fee. uChoose Rewards is a registered trademark of Fiserv, Inc.

Fix-Up Loan


You have ideas, tools and desire. The only thing preventing that home improvement project are the funds to get it started. Look to your credit union for the boost you need to get your project off the ground. The Minnesota Housing & Finance Agency Fix-Up Loan is a special program for members of THFCU with competitive rates and no collateral requirements.

A basic unsecured Fix Up Loan requires a household income of $125,900 or less. Note this income limit was recently raised by the MHFA – you may now be eligible to borrow as much as $15,000 for up to 10 years. Use the funds for dozens of eligible improvement projects listed here.

Or consider the Energy Incentive Loan, which provides loans for energy-friendly projects like central air replacement or programmable thermostats. The complete list of eligible improvements can be found here. The Energy Incentive Loan has no income restriction.

THFCU is the only lender in our area participating in the MHFA’s Fix Up program. We’ve been routinely recognized as one of Minnesota’s top MHFA lenders. Call or visit and tell us about your home improvement ideas, and we’ll provide the boost to make it happen.


Sallie Mae Student Loan Option

Graduation seems like a dim memory. The parties are wrapping up, and the college tours and orientations are well underway. It’s time to think about what’s next.

It’s also time to think Smart. THFCU has partnered with Sallie Mae to bring you the Smart Option Student Loan, an ideal solution for students who still need financing after maximizing grants, scholarships, and federal student loans. Fixed or variable rates, three different repayment options (including deferred repayment), no origination fees, and Study Starter free tutoring minutes are just a few reasons this is an option worth investigating.

The Smart Option Student Loan is only the beginning. Learn about our student (and parent) loan programs at our Sallie Mae site.

The Smart Option is fully originated, disbursed and serviced by Sallie Mae®, our partner in offering better student loan options to members.


Auto Loans

That empty parking spot has got you thinking of ways to fill it. Before you shop for that new car or truck visit your friends at THFCU. We’ll pre-approve your loan and put you in the negotiation driver’s seat before you even get to the dealership.

Once you decide on your vehicle, simply write a check, take possession, and return to THFCU with the purchase agreement. We’ll fund the loan and give you 1% of the loan amount back in cash.

Great rates, the convenience of pre-approval and cash in your pocket. Now that hits the spot!

Loan rates presented are the lowest available, may include relationship discounts (up to 0.5% APR) and may change dependent on credit history, collateral, or term. Cash-back offer must be approved by THFCU prior to purchase and is subject to verification of security interest.

Auto Loans as low as 2.74%


More 4 Less Top

The average price of a new car is now more than $34,000. If you’re like most Americans you’re financing your vehicle purchase. And as prices go up, so does your monthly obligation. Are you prepared to spend $750 each month on loan payments?

You’re not alone, but your options aren’t very appealing. One possibility might be to extend the term of your loan. Instead of borrowing for four or five years, stretch the loan out to seven or eight years. While that may lower your payment, it extends your obligation and may cost considerably more in interest over time. A lease is another way buyers keep payments low, but leases can come with their own issues. For one, you never actually own the vehicle and won’t have equity to use for a future trade-in.

THFCU introduces a better way to make a big purchase with a low monthly payment. Introducing the MORE4LESS vehicle loan, which makes an expensive vehicle purchase far more affordable than it might initially appear.

Here’s how it works: Borrow up to the full amount of the vehicle. Your loan payment is calculated on only a portion of the debt and the remaining balance is kept separate as a balloon. When you get to the end of the loan term, you have options:

  • Pay off the balloon in full or refinance the debt
  • Turn in the vehicle and walk away from the final payment
Should you walk away, any positive equity can be applied toward the purchase of your next vehicle.

If this sounds like a lease, that’s because it is a similar concept. We’ve taken the best parts of a standard lease but throughout the term you own the vehicle, and you have the ability to build equity in your purchase. Best of all you get a vehicle with payments you can afford.

Compare our MORE4LESS loan to traditional borrowing in the table to the right, or check out the savings on hundreds of different makes and models by visiting our MORE4LESS calculator.

More4Less loan amount/payment includes $295 program fee. Rates dependent on credit history, collateral, and term.

More 4 Less Side

Save Money, Win Cash with a WINcentive™ Savings Account

If you’re looking for more excitement in your THFCU savings, consider WINcentive, a new savings account that offers members the chance to win cash prizes from a state-wide, credit union exclusive drawing.

Every time you increase your savings balance by $25 month-over-month, you’ll receive one entry into the drawing (up to four per month). Prize drawings occur monthly, quarterly and annually, giving you hundreds of chances to win every year.

Your THFCU WINcentive savings account earns dividends, too. Increasing your balance not only increases your chances of winning, it also gets you closer to your savings goal.

Ask about WINcentive and start saving – and winning – today!

2018 Statewide Prize Drawing Schedule
Prize Drawings Number of Winners Prize Amounts Drawing Dates
Monthly 45 $100 10th of each month
Quarterly 4 $1,000 10th of each month
Annually 1 $5,000 January 10, 2019
Total in 2018 557 $75,000
Winning one prize category (monthly, quarterly, or annual) does not disqualify a participant from winning a different prize category within the same year. Drawings will occur on or about the 10th of each month, or the next business day, for the previous month and/or quarter end. Prize Amounts are estimates and subject to change.
Win Cash for Savings Account
April is Youth Month

Introducing Remote Deposit! Now you can deposit checks to your THFCU accounts any time using your smart phone or tablet.

Enrolling is free and easy. Simply call our office or complete and return the user’s agreement found here.

Once enrolled, we’ll give you access to our remote deposit app. Snap a photo of the front and back of your endorsed check, confirm the check amount, and upload it to us. In most cases, we’ll post the funds on the next business day.

Remote Deposit is another free service of Two Harbors Federal Credit Union.

April is Youth Month
Home Equity Loans

Imagine More: Improve your home for less

Low payments, no collateral required: A THFCU exclusive!

Two Harbors Federal Credit Union is the only lender in the area participating in the Minnesota Housing & Finance Authority's Fix Up program, which allows our members to borrow for improvement projects at incredible terms.

No equity or mortgage lien is required to borrow as much as $15,000 for up to 10 years. Extended repayment periods keeps your monthly obligation affordable. A basic unsecured loan requires a household income of $99,500 or less and can be used for dozens of projects including siding, septic, furnace, landscaping, countertops, decks, foundation, garage expansion and more. Get the full list of eligible improvements here.

The Energy Incentive Loan also provides unsecured credit for up to $15,000 and terms to 10 years with no income restriction. Use these dollars for such improvements as heating and air replacement, light fixtures, insulation, windows and more. Get the complete list of eligible improvements here.

Learn more about the Minnesota Fix-Up Program at Then visit with a member of our lending team. We'll answer your questions and secure the financing that makes the most sense for your project.

We're proud to exclusively offer this program in the Two Harbors area, and look forward to helping you imagine more.

Home Equity Loans

Hours & Location

Mon - Fri 7am to 6pm

Lobby Hours:
Mon & Fri 8am to 6pm
Tues, Wed, Thur 8am to 5pm

Located at:
801 11th Street
Two Harbors, MN 55616

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