Personal Loans

Flexible funds for whatever life brings your way

Unsecured Personal Loans

Borrow with no collateral required

Our unsecured loans are perfect when you need quick access to funds and don’t want to tie them to an asset.

Great for:

• Debt consolidation (simplify to one easy payment)

• Medical bills

• Uunexpected expenses

• Travel

• Weddings or other special events

What you’ll love:

• Fixed, competitive rates

• Flexible terms to fit your budget

• Fast approvals and simple online application

• No collateral required

Share-Secured Loans

Borrow against your own savings and keep earning interest

A share-secured loan is a smart, low-cost way to borrow while keeping your savings intact. Your 1st UCU savings account or certificate acts as collateral, helping you lock in our lowest rates.

Great for:

• Building or rebuilding credit

• Covering expenses without dipping into savings

• Taking advantage of a very low interest rate

What you’ll love:

• No credit check required

• Some of the lowest rates we offer

• Your savings continue to earn dividends

• Flexible repayment terms

• Builds or strengthens your credit history

Why Choose 1st University CU?

Because we make borrowing personal. You’ll get friendly, local service from people who know you and care about helping you reach your goals, plus rates and terms designed to fit real life.

FAQs

Still have questions?

Here are answers to some of the most common questions we hear from members.

What’s the difference between an unsecured loan and a share-secured loan?

An unsecured loan doesn’t require collateral, so approval is based mainly on your credit and ability to repay. A share-secured loan uses your savings account or certificate as collateral, which usually gives you a much lower interest rate and can help build or rebuild your credit.

How much can I borrow with a personal loan at 1st University CU?

We offer Personal Loans up to $20,000. The amount you may be able to borrow depends on factors such as your credit, income, and others. We’ll work with you to find the right amount for your needs.

What can I use a personal loan for?

Our personal loans are flexible. You can use them for debt consolidation, home repairs, medical expenses, a wedding, or almost any other personal expense.

How fast can I get the money?

Most members receive funding the same business day they are approved. Generally, approval is made one business day after the application and all required documents are received.

What’s the difference between a personal loan and a credit card?

A personal loan gives you a lump sum with a fixed interest rate and fixed monthly payments, which makes budgeting easier.

Can a share-secured loan help me build credit?

Yes! Because payments are reported to the credit bureaus, making on-time payments on a share-secured loan can help you establish or improve your credit history. Since a credit check or hard inquiry isn’t needed, it’s a stress-free way to build credit while keeping your savings intact.

Do I need to be a member to apply?

No, anyone can apply for a personal loan! If your loan is approved and funded, we’ll simply open a membership account for you at the same time. It’s quick, easy, and means you can start enjoying all the benefits of being a 1st University Credit Union member right away.

Personal Loan Rates