Let your credit worthiness be your collateral with a signature loan. Terms up to 48 months give you options for a payment structure to fit your needs. Get the money you need to consolidate debt, pay for school or home improvement expenses, or finance that dream vacation.
At MCU you have control of your loan, you can pay monthly, bi-weekly or even weekly and there is no penalty for early pay off. Plus, you’re getting one of the lowest interest rates in town!
Examples of possible monthly payments:
A $10,000 loan at 5.99% APR is:
$234.80/month for 48 months
A $7,500 loan at 5.99% APR is:
$176.10/month for 48 months
A $5,000 loan at 5.99% APR is:
$117.40/month for 48 months
Kwik Cash
Kwik Cash is a pre-approved revolving line of credit. There is no annual fee and no per transaction fee. Kwik Cash is easier than a credit card. Credit lines up to $10,000 are available based on your credit score. The minimum disbursement is $50.00.
P.A.L. Overdraft Protection
PAL (Protection And Loan) Overdraft Protection is designed to help you avoid NSF (non-sufficient funds) charges. Once you’re approved, funds will automatically be deposited to your checking account to cover checks when funds aren’t available, up to your designated limit. You only pay interest on the amount overdraft for as long as it is overdraft.
There is no annual or per transaction fee. Funds may be transferred at will or automatically when checks are clearing your account.
Savings Secure Loan
This loan is ideal for the member attempting to build a credit history. Loans are granted based upon funds already in your MCU savings account or certificate. Loan rates are 3% above the savings rate you are currently receiving. On time payback allows you to build a good credit rating.
| Other Loan Types | Terms | Limits | Rates as low as (Vary on credit score) |
|---|---|---|---|
| Savings Secured | Up to 60 months | 1 | 3.00% + Savings Rate |
| Certificate Secured | Up to length of CD | 1 | 3.00% + CD Rate |
| Signature Loan* | Up to 48 Months | 10000 | 5.99% |
| Lines of Credit (Kwik Cash)^ | Revolving | 2500 | 13.9% No Annual Fee |
| Overdraft Credit (PAL)^ | Revolving | 2500 | 15.9% No Annual Fee |
| VISA Card | Revolving | Open | 0% Introductory Rate |
1APR is annual percentage rate. Rates, terms, and conditions are subject to change and may vary based on creditworthiness, qualifications, and collateral conditions.
2 APR is annual percentage rate. Rates, terms, and conditions are subject to change and may vary based on creditworthiness, qualifications, and collateral conditions. Finance charges begin to accrue from the date of posting. Existing lines of credit can be disbursed without delay.
4 $5,000 maximum loan amount. Refinancing a current MCU loan requires $1,000 of new money. Other rates and terms available. Offer good 1/1/2022 – 2/28/2022.
