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  Members First Credit Union Prime Line of Credit

Members First Credit Union Prime Line of Credit

in Personal Lines of Credit from Members First Credit Union

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Members First Credit Union Prime Line of Credit

Unaffiliated

in Personal Lines of Credit from Members First Credit Union

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Highlights
Loan Amount Up to $25,000
APR  (Fixed APR) Starting at 8.25%

Members First Credit Union Prime Line of Credit Review

Members First Credit Union Prime Line of Credit is offered by Members First Credit Union, a credit union founded in 1936 and based in Midland, MI. Members First Credit Union Prime Line of Credit is available in 1 state across the USA.

Members First Credit Union Prime Line of Credit FAQ

What APRs does Members First Credit Union Prime Line of Credit offer?

Members First Credit Union Prime Line of Credit offers a fixed APR product that ranges from 8.25% APR.

Does the Members First Credit Union Prime Line of Credit charge an origination fee?

Yes, Members First Credit Union Prime Line of Credit charges a line of credit origination fee.

Does the Members First Credit Union Prime Line of Credit charge a cash advance fee?

Yes, Members First Credit Union Prime Line of Credit may charge a fee.

Does the Members First Credit Union Prime Line of Credit charge a statement balance fee?

Does Members First Credit Union Prime Line of Credit charge a late fee?

Yes, Members First Credit Union Prime Line of Credit may charge borrowers a late payment fee.

Members First Credit Union Prime Line of Credit Fees
Cash Advance Fee N/A
Origination Fee No
Prepayment Fee? Yes
Late Payment Fee No
Statement Balance Fee No

What do you need to qualify for Members First Credit Union Prime Line of Credit?

Applicants with a credit score of at least 600 and up to 850 may be eligible for Members First Credit Union Prime Line of Credit. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

Members First Credit Union Prime Line of Credit does not have or does not disclose a minimum annual income eligibility requirement. Members First Credit Union Prime Line of Credit only considers borrowers who are employed.

The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. Active duty service members and their covered dependents are eligible to apply for a loan via Members First Credit Union Prime Line of Credit. Their rates fall within the limits of The Military Lending Act.

U.S. citizens are, of course, eligible for the services offered by Members First Credit Union Prime Line of Credit. Permanent resident / green card holders are also eligible to apply.

To qualify, applicants may need to provide the following documentation:

  • Driver's license
  • Government issued photo ID
  • Proof of identity

Does Members First Credit Union Prime Line of Credit report your account activity to credit bureaus?

Yes, Members First Credit Union Prime Line of Credit reports your account activity to the following credit reporting agencies:

  • Equifax
  • Experian
  • Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.

How to apply for Members First Credit Union Prime Line of Credit

  • Visit the Members First Credit Union Prime Line of Credit website.
  • Fill in the application form. You will typically need to provide general information such as your name, address, email address, Social Security Number, source of income and employment, and checking account information.
  • Check the information is accurate and submit your application.
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Availability

  Available in 1 state
Michigan
Availabile in all of Michigan

Feature Breakdown

Credit Score Range 600 - 850
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Other
  • Retired
  • Self-Employed
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Joint Loan Applications Accepted
  • Individual Applications
Military Status
  • Active Duty Military
  • Non-Military
  • Veterans
  • Military Dependent
Minimum Age 18
Supported Income Types
  • Direct Deposit (W2, SSA, SSDI)
  • Cash
  • Payroll Check or Prepaid Card
  • 1099 Misc. Income
Verification Documents Required
  • Proof of Identity
  • Government Issued Photo ID
  • Social Security Number
  • Driver License (or other photo ID)
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Payment Options Automatic Payments
APR (Fixed APR) Starting at 8.25%
Loan Amount Up to $25,000

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