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Unsecured Loans

  1. Line of Credit
    • Limits are based on length of credit union membership, credit score, debt ratio, and salary. Maximum unsecured limit for any member is $10,000.00
    • Interest rate and credit limit is evaluated every 3 years.
    • Members with credit scores below 600 do not qualify for Lines of Credit until a 5 year borrowing relationship has been established at the credit union.
    • Repayment terms are 3% of the credit limit per month, ($3.00 per 100 borrowed) with a minimum of $25.00
  2. Closed End Personal Loan
    • Limits are based on length of credit union membership, credit score, debt ratio, and salary. Maximum unsecured limit for any member is $10,000.00
    • This type of loan is used for members that do not qualify for a Line of Credit
    • Repayment term is 1 year per $1000 borrowed
  3. Co-signer Loan
    • Maximum loan amount is $5,000.00
    • Repayment term is 1 year per $1000 borrowed
    • Both primary borrower and co-signer must meet approval criteria.
    • Interest rate will be based on combined average of primary borrower and co-signer's credit score.
  4. VISA Credit Cards
    • Maximum limit is $10,000.00
    • Repayment term is 3% of outstanding balance with a minimum of $25.00 per month.
    • Interest rate is based on credit score and ranges from 9% to 18%

***The combined total of all unsecured loans including a VISA Credit Card, cannot exceed $10,000.00 for any member. Cosigner loans are excluded from this limit.