When you need cash, but don’t want to use a credit card, a personal loan may be the way to go.
Personal loans are “unsecured” meaning no collateral is required, as would be the case with a car loan or a home loan. They offer a low fixed rate with a variety of terms depending on the amount borrowed and purpose of the loan.
Personal loans (except the Credit Builder Loan) also qualify for Smart Money Rewards.**
- Amounts between $500 - $25,000
- No processing or service fees and no pre-payment penalty
Poor Credit or No Credit? A Share Secured Personal Loan Can Help!
Share Secured Loans allow you to borrow against your own money. You pledge1 funds in your savings account or share certificate account as collateral. You’ll still earn dividends on your full balance as allowed by the account..
- Borrow between $500 and total balance of funds given as collateral.
- Payments are made monthly
- Funds held as collateral are released to you when the loan is paid.
1Pledging funds means you may not withdraw the pre-specified amount until your loan is repaid in full. In some cases, the Credit Union may agree to release all or part of the pledged amount before it is fully repaid.
Don't Qualify for a Loan on Your Own?
Co-Applicant/Co-Guarantor Loans are your answer. Whether you have bad credit, low credit, or no credit, getting another person to sign on the loan with you can help. Loan decisions are made based on their creditworthiness.
- Borrow between $500 and $25,000
- No processing fees, service fees or pre-payment penalty
- Payments are made monthly
Looking to Start Building Your Own Credit or Improving Your Score?
A Credit Builder Loan can you get started on the road to building or improving your credit.
- Borrow between $500 and $1,000
- Funds borrowed are placed into a savings account to earn dividends
- Make regular, on-time payments towards the loan
- When it's paid in full, the funds are released to you
It’s a structured savings plan that teaches good savings habits while also helping you build/improve your credit. Credit Builder Loans do not qualify for Smart Money Rewards.* Borrowed funds are placed in a Savings account to earn interest. You may not withdraw the pre-specified amount until your loan is paid in full. You'll repay the loan balance plus interest. A Credit Builder Loan must be paid in full before another loan is extended
*Rates may vary based on credit worthiness
**The Smart Money Rewards rate on loans reflects a 0.25% discount on published loan rates and requires Smart Money Rewards membership with the automatic payment method of repayment. If you discontinue Smart Money Rewards during the term of the loan, your discounted rate will no longer be valid, and it will revert to the prevailing rate at the time of the loan open date. To qualify for Smart Money Rewards, we must receive your net pay, pension, or Social Security via direct deposit in excess of $100. If at any time your Checking Account is closed or becomes inactive (zero transaction[s] within the past 90 days or direct deposit is cancelled), the rate will be increased by 0.25%. Direct deposit must be set up within 90 days of loan closing date. One or more direct deposits must post and clear to the checking account within each monthly statement cycle.Go to main navigation