Personal Loans

Personal Loans

Personal Loans from your credit union are perfect for:

• Car repairs

• Small home improvement projects

• School expenses

• Medical expenses

• Debt consolidation

Your Personal Loan Options:

• Loan amount: $1,000 to $50,000

• Terms: Up to 84 months

• Prepayment Penalties: None

• Please refer to our Rate Sheet for current rates.

Secured Loans

Needing some extra cash or trying to build your credit? A Secured Loan may be your perfect answer.

These types of loans require collateral, such as money you already have saved in a CD, and have a lower interest rate than your regular unsecured loans. Check out the types of Secured Loans your credit union offers below:

Types of Secured Loans

• Certificate Secured Loan: A Certificate Secured Loan uses the funds from a Term Share Certificate (CD) that you have at the credit union as collateral for your loan. This is a great way for young adults to build credit for the first time, without being charged a high interest rate.

• Share Secured Loan: Share Secured Loans work similarly to Certificate Secured Loans, except they use funds in your Savings Account as collateral.

• Title Loan: If you have paid off your vehicle and have the title, you can use it as collateral for a Title Loan. This is a great option for those needing cash at a lower interest rate. If you are interested in a Title Loan, please call the credit union at (281) 487-9333.

Credit Builder Loan

With a Credit Builder Loan, a 12, 18 or 24 month Term Share Account (CD) is opened and used to secure the loan in the amounts shown below. By making timely monthly payments, positive repayment information is reported the credit bureaus. In doing so, this may help boost your credit score. Once the loan is paid off, the funds of the Term Share Account are deposited to your primary savings account.

• 12 months: $1,000

• 18 months: $1,500

• 24 months: $2,000

Your Debt Consolidation Options

If you are paying too high of interest rates, let us help you find the best option for consolidating your debt and lowering your average interest rate. See a few of our options for debt consolidation below.

• Personal Loans

• Credit Card Balance Transfer

• Title Loan please call the credit union at (281) 487-9333.

• Home Equity Loan