MECU Personal Loans
Need extra cash? You'll also want great rates and quick turnaround.
SHARE SAVINGS / CD COLLATERAL LOANS
A Share/CD Secured Loan from MECU is a good idea if you're looking to build your credit or you need to make a necessary purchase but don't want to tap into your savings. With a Share/CD Secured Loan you borrow against your MECU savings and receive an incredibly low-rate loan, while still earning interest on your share or CD savings account!
- Borrow up to 100% of the balance in your Share/CD Savings Account
- Receive an incredibly low interest rate (just 2% over the rate on your share/CD account)
- Pay NO fees or penalties
- Earn interest on your share or CD savings account
- Build your credit
- Protect your family, credit rating, collateral and yourself with Payment Protection
UNSECURED PERSONAL LOANS
MECU members in good standing are eligible for unsecured loans from $500 to $20,000 based on credit worthiness and ability to repay. Apply through our Lending Center, available 24 hours a day, 7 days a week. For optimum convenience, ask us about automatic payments or payroll deduction, available with certain employers.
PREFERRED CREDIT PLAN
Preferred Credit is a personal line of credit that can be used to write your own loans and act as overdraft protection for your checking account. It works similarly to a credit card in that you apply once, and a maximum credit limit is established. There is no need to reapply unless you want to request an increase in your credit limit.
when you apply for a MECU loan.
