Last Updated: 04/18/2025
Consumers Credit Union Personal Loan
Claimed
in Personal Loans from Consumers Credit Union
Last Updated: 04/18/2025
SuperMoney User Recommendation Score +50
Strongly recommended14 total votes
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Highlights
Community Rating
Strongly recommended
APR (Fixed APR)
Starting at 8.99%(Verified 06/21/2024)
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Amount Range
$500 - $40,000
Loan Term (Months)
Up to 72
Number of Reviews
Consumers Credit Union Personal Loan Review
Consumers Credit Union Personal Loan is offered by Consumers Credit Union, a credit union founded in 1930 and based in Lake Forest, IL. Consumers Credit loans are available in 50 states and Washington, DC.
Key Takeaways
- APRs starting at 8.99%. Rate is quoted with autopay discount*. Personal loan interest rates typically range between 9% and 36%. The starting rates for Consumers Credit Union Personal Loan are on the lower end of the spectrum.
- Super long loan terms. Consumers Credit Union Personal Loan offers loan terms of up to 72 months. Most personal loans have a maximum term of 60 months.
Consumers Credit loans Pros & Cons
| Pros | Cons |
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Consumers Credit loans FAQ
What interest rates and personal loan terms does Consumers Credit loans offer?
What interest rates does Consumers Credit loans offer?
Consumers Credit loans offers a fixed APR personal loan product that starts at 8.99% APR. Rate is quoted with autopay discount*.
How much can you borrow via Consumers Credit loans?
Personal loan amounts start at $500 and go up to $40,000
What is the maximum loan term you can get with Consumers Credit loans?
Consumers Credit loans offers loans with terms of up to 72 months.
| Personal Loan Amount | $500 - $40000 |
| Loan Term | up to 72 months |
| APR | Starting at 8.99% Rate is quoted with autopay discount* |
What fees does Consumers Credit loans charge?
Does Consumers Credit loans charge an origination fee?
Consumers Credit loans may charge a personal loan origination fee .
Does Consumers Credit loans charge a late fee?
Yes, Consumers Credit loans may charge a late payment fee if you miss one of the regularly scheduled payments of up to $29.
Does Consumers Credit loans charge prepayment fees?
No, Consumers Credit loans does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the personal loan off early.
| Origination Fee | No |
| Prepayment Fee | No |
| Late Payment Fee | $29 |
What do you need to qualify for Consumers Credit Union Personal Loan?
Applicants with a credit score of at least 700 and up to 840 may be eligible for Consumers Credit Union Personal Loan. The minimum age to be eligible is 18 or the state minimum, whichever is higher. Consumers Credit Union Personal Loan does not have or does not disclose a minimum annual income eligibility requirement.
U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by Consumers Credit Union Personal Loan.
To qualify, applicants may need to provide the following documentation:
- Recent pay stubs
- Proof of income
- Driver's license or other government photo ID
- Government issued photo ID
- Proof of identity
| Minimum Age | 18 |
| Bank Account Required? | No |
| Credit Score | 700 - 840 |
Does Consumers Credit Union Personal Loan report your account activity to credit bureaus?
Yes, Consumers Credit Union Personal Loan reports to the following credit bureaus:
- 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 build your credit.
Does Consumers Credit Union perform a hard credit pull?
Yes, Consumers Credit loans performs a hard credit pull when you apply for a loan. Additionally, it doesn't provide the option to check your rates using a soft credit pull, a feature that many lenders offer.
Click here to get prequalified rates from multiple leading lenders without a hard credit pull. However, if you accept a loan offer, a hard credit pull will likely be performed.
Are Consumers Credit Union Personal Loan legit?
Consumers Credit Union was founded in 1930, it is a well-established company that has been in business for 96 years. Based on their "mostly recommended" SuperMoney community rating, they seem to be a reputable company.
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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.
Hours of Operation
Sunday
Closed
Monday
9:00AM - 5:00PM
Tuesday
9:00AM - 5:00PM
Wednesday
9:00AM - 5:00PM
Thursday
9:00AM - 5:00PM
Friday
9:00AM - 6:00PM
Saturday
9:00AM - 1:00PM