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Personal Loans

Our goal is to help members to secure credit at the lowest possible cost and most reasonable terms, including members with credit challenges. Our personal loans are designed to meet the needs of members and help make their financial goals a reality. The Credit Union also offers affordable loan protection products and there is never a penalty to pay off a loan early. The maximum unsecured loan amount is $10,000.

Signature Loans and Signature Lines of Credit (LOC)
Signatures Loan and Signature LOC are fixed-rate, fixed-term loans that can be used for any purpose including debt consolidation, purchases, and more. The LOC is designed for the member looking to manage the amount and timing of the drawdown of loan proceeds.

Share Secured Loan
The Shared Secured Loan is especially suitable for members looking to
borrow at one of our lowest rates available and still maintain and earn
interest on their deposit account balances. The loan interest charged is

6.00% and no credit report is pulled. Shared Secured loans are approved
based on the amount pledged from your Savings account or Non-IRA
Certificate of Deposit (CD). The maximum loan amount is $25,000. Loans can
have a term up to 5 years but cannot exceed the term of the CD.
Credit Builder Loan
The Credit Builder Loan program is designed to help members with no credit
history or low credit score. It can help build a credit history for members
that have never borrowed money from a lender that reports payments to a
credit bureau and help raise credit scores by establishing a record of paying
debt as agreed. Loans are available in amounts up to $2,400 for terms of up
to 24 months.
The loan interest rate is set at 6.00%. The loan proceeds are placed in a
restricted interest-bearing deposit account paying the then prevailing
interest rate for such accounts. No loan application fee is charged, and no
credit report is pulled.
Holiday Loans
Borrow up to $2,500 for 12 months at rates based on your credit score
rating. Holiday Loan applications are accepted from October 1st to
December 24th.
Flex Pay Day Loans
Flex Pay Day Loans are a Line of Credit and may be helpful in addressing
everyday financial emergencies. Members must enroll in a Direct Deposit or
Payroll Deduction program with the Credit Union, may qualify for up to
$600. The loans have a 30-day repayment term, which is renewable at the
sole discretion of the Credit Union. The rate is fixed at 17.99%.

Overdraft Line of Credit Loans
The loans are used to cover overdrafts in Credit Union accounts and must be
repaid in no more than 30 days. The loan is designed to prevent account
overdraft fees and returned checks. The total overdraft loan amount
outstanding cannot exceed $100. To qualify for the loan, a member must
enroll in Direct Deposit or Payroll Deduction.

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