Check our FAQs for answers to common questions
We've compiled some of the questions we hear most frequently from members when they visit a MECU Credit Union branch in and around Baltimore, MD, or when they contact us online. Chances are, the question you want to ask is here with the answer you need. And if it's not, feel free to contact us so we can help.
Loans
A secured loan is tied to collateral, such as a car or home, that the lender can claim if you don’t repay the debt. An unsecured loan is based on your creditworthiness alone and does not require any collateral.
Yes, you can refinance a personal loan. Simply complete a loan application and, if approved, use the funds to pay off your other loan with the current lender.
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