Both the Personal Line of Credit and Debt Consolidation Loan require no collateral other than your signature and a good faith promise to repay. You must make monthly payments equal to 3% of the amount borrowed, with a minimum payment of $30 a month. For a small cost, members may purchase credit disability insurance.
| Personal Loan | Max Loan Amount | Max Term Length | Details |
|---|---|---|---|
| Personal Line of Credit | $15,000 | N/A | Request a VISA Credit Card for access to your line of credit at merchants and ATMs that accept Visa worldwide. |
| Debt Consolidation | $15,000 – $30,000 | 72-month term | Finance non-MCU loan balances into an affordable, fixed rate Members Credit Union loan with one monthly payment. |