Student Loans

We have partnered with Sallie Mae® to offer you the Smart Option Student Loan®, so that students and families can choose from three repayment options designed to help you pay off your loan faster and save money compared to a conventional private loan. With competitive interest rates, flexible repayment options, and a choice of variable or fixed interest rates, the Smart Option Student Loan is a responsible choice.

Features and benefits of the Smart Option Student Loan include:

  • We offer a choice of competitive fixed and variable interest rates providing even more choice and flexibility
  • No origination fees and no prepayment penalty
  • Multiple in-school repayment options available
  • Borrower benefits available – like rewards and interest rate reductions
  • Rates that reward creditworthy borrowers
  • Applying with a creditworthy cosigner may help you qualify and/or receive a lower rate
  • 24/7 online account management

Investing in higher education continues to be one of the best decisions you can make-- and we want to help make it happen. Together, we can do this. Find resources for navigating the college application process, learn more about the Smart Option Student Loan, and apply online at Smart Option Gerber FCU.

Gerber Federal Credit Union is not the creditor for these loans and is compensated for the referral of Smart Option Student Loan customers. This information is for borrowers attending degree-granting institutions only. Credit criteria and eligibility requirements apply.

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Student Scholarships


2018 Topic To Be Determined. Check back in January!


  • Entries MUST INCLUDE a cover sheet with your name, address, phone number and email address.
  • Entries must address the ESSAY TOPIC listed above.
  • Scholarship essay must be 300-500 words.
  • Content must be original. Previously published or awarded material will not be accepted. Plagiarism or copyright infringement will result in disqualification of the entry.

Completed entries may be emailed to, hand delivered to one of our branches or mailed to:

ATTN: Scholarship Committee
Gerber Federal Credit Union
P.O. Box 116
Fremont, MI 49412

Entries must be received no later than February 16, 2018 at 5:00pm EST.  Winners will be notified by phone in March.


Be personal and be specific. Let the reader know who “you” are and what “you” stand for. Reference your experience as a Credit Union member.  Our scholarship selection committee is comprised of volunteers from local schools as well as the Newaygo County Regional Educational Service Agency. They may have hundreds of essays to review; it is your job to get their attention. Here are four tips to get you started:

  1. Think before you write.
  2. Brainstorm to generate some good ideas.
  3. Create an outline to help you get going.
  4. Address specific questions clearly.


Applicant must be a Gerber Federal Credit Union member and current high school senior planning to attend an accredited technical school, community college, trade school, four-year accredited college or university or an apprentice program.  If you are not a member, it’s easy to join!  Call 924-4880 and press 2 to speak with Member Service.


The Gerber Federal Credit Union Scholarship Committee will review essays submitted to determine the top three prize winners.

  • FIRST PLACE - $1,750 and publication in the Gerber FCU quarterly member newsletter Dollars & Sense.
  • SECOND PLACE - $750
  • THIRD PLACE - $250