Personal Loans

A personal loan is there to help you pay for things you may not have the cash for, such as a vacation, educational expenses, or home repairs. In addition, a personal loan can also be a great solution for consolidating high interest debt and paying it down with a lower interest loan.

What to expect:

• Rates as low as 12.40% APR
• Fixed payments that never change
• Terms up to 48 months
• No prepayment penalties – pay off when you’re ready
• No collateral required (with approved credit)

918 Loan

A “918 Loan” is a “seasonal” unsecured personal loan that allows you to borrow up to $2,500 at 9.18% APR for up to 11 months. Note: the 918 loan is available only in November and December each year. Everyone approved can take advantage of this super-low interest rate! You can use a 918 loan to pay for a variety of expenses, including:

• Vacations
• Holidays
• Home Repairs
• Debt Consolidation
• School Tuition
• Medical Expenses

To apply, simply choose ‘Personal Loan’ under Type of Loan Requested, and choose the purpose of the loan in the drop-down menu. If 11 months doesn’t work for you, other terms may also be available with approved credit.

Personal Line of Credit (PLC)

A personal line of credit is an unsecured, pre-approved revolving loan that gives you easy access to funds. Advances can be used for anything from taxes to car repairs to home improvements.

A PLC can also provide free overdraft protection for your checking account by automatically transferring money to your account if your balance falls below $0.

Best of all, there are no access fees or annual fees!

Share or Certificate Secured Loan

If you have poor credit or no credit, a share or certificate secured loan is a great way to rebuild your credit, maintain your savings, and borrow what you need. This is a secured (collateral) loan, because the funds you borrow are backed by your savings account.

What to expect:

• The principal amount of the loan (the amount borrowed) must be held in your share (savings) account or a certificate. As you make payments on the principal, funds are released accordingly.
• You can finance up to 100% of your available balance in savings.
• Your share account or certificate will continue to earn dividends!
• No credit history is required.

• Secured by your regular (share) savings account.
• Terms up to 60 months.
• The rate is the current share rate (click here for rates) + 3% APR.*

• Secured by your certificate.
• Terms up to 1 year.
• The rate is the current certificate rate (click here for rates) + 2% APR.*

*APR = Annual Percentage Rate.