Personal Unsecured & Secured Loans
Our minimum unsecured loan is $500 and the most we might be able to lend you is tied to your credit score:
CREDIT SCORE |
MAXIMUM UNSECURED LOAN |
|
| A+ | 740 and Up | $25,000 |
| A | 680 - 739 | $25,000 |
| B | 640 - 679 | $15,000 |
| C | 600 - 639 | $10,000 |
| D | 550 - 599 | $5,000 |
| E | 549 and Less | $5,000 |
- Unsecured loans can be used for any legal purpose but the purpose must be stated at the time of application.
- We have provided many types of unsecured loans for: purchasing furniture or appliances, dental work, repair of credit, to assist with a family emergency or unexpected expense such as a funeral or travel to a funeral, "family aid" loans to assist people trying to help families that are oversees or living as refugees, security deposits, college expenses not covered by student loans or for establishing credit.
- Whenever possible, we try to lower the rate and our risk by asking for possible collateral, such as a car that is owned outright. This is known as a lien-secured loan; the loan rate matches the auto loan rate even though the loan is not to buy the car, but is for another purpose—for example, repairs to the vehicle.
- The maximum term for an unsecured loan is 60 months and the minimum term is 12 months.
- We offer monthly, semi-monthly, weekly and bi-weekly payment options on all consumer loans.
Our Members make the difference.
Member Since 2003
"I love doing business with the Credit Union. While I really like to keep my life simple and close to home, I've kept my accounts with the Credit Union even though I recently remarried and moved a little further away. I just feel welcome, established, and connected there. It feels good to support such a human-sized institution where accounts and lending are handled with compassion and common sense - not just by numbers or a computer program. I feel that by depositing my money at the Credit Union, I am helping it be possible for that money to be lent out to help good things happen for other people. I want my son, Dylan, to be positively influenced by that experience, too."