Last Updated: 04/18/2025
Consumers Credit Union Personal Loan
Claimed
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)
Disclaimer popup with additional information
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.
- Cosigner required. Applicants must have a cosigner to complete an application.
- 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. Note that borrowers can add a cosigner to either meet eligibility requirements or qualify for lower interest rates.
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 |
| Application Types Accepted |
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| 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.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
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
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Learn MoreSuperMoney Net Recommendation Score
SuperMoney users strongly recommend this product, giving it a user recommendation score of +50, or 4 on a 5-point rating scale.
+50
-1000+100
No one recommends
Everyone recommends
Consumers Credit Union Personal Loan Community Reviews
Would you recommend Consumers Credit Union Personal Loan to your friends?
DC
Dylan C.
Oct 31, 2023
May or may not recommend
My loan is my best investment I have made this year! I am so proud to call myself a user of this loan! I am able to use the money to provide for my family, and am still able to have personal goals accomplished. This loan has been an amazing decision in my life, and I am so excited that it is easy to pay off!
MC
Mazhar C.
Nov 25, 2022
May or may not recommend
Consumer Credit Union offers many different types of loans to help with your particular need. Their rates were very competitive and the customer service I received was excellent. I would gladly recommend them to anyone needing a little extra to help with whatever your needs may be
A P.
Jul 22, 2021
May or may not recommend
Consumer Credit Union offers many different types of loans to help with your particular need. Their rates were very competitive and the customer service I received was excellent. I would gladly recommend them to anyone needing a little extra to help with whatever your needs may be.
MB
Michael B.
Jul 15, 2021
May or may not recommend
While I'm positive there are certainly worse credit unions in the 50 states, Consumers Credit Union - Personal Loans just does not offer enough incentives for me to confidently recommend to any person who is attempting to gain more control of their finances.
SZ
Sophia Z.
Jun 16, 2021
May or may not recommend
It is a good loan service if you have a credit score of 500 and up. Although they do charge an origination fee and its $29 fee for late payments so that’s a bit of a con.
PN
P N.
Jun 11, 2021
May or may not recommend
The best personal loans services company I found in my area. They provide a very low interest rate, and the process is super easy. I was able to get the loan I needed to consolidate some debts, and now have more time and less interest rates to pay it off. I am very impressed with their policies and customer services too.
AH
Anzhell H.
Jun 4, 2021
May or may not recommend
Its a good loan service it u have a credit score of 500 & up there are a lot of cons for this service like they charge an origination fee and its $29 fee for late payments
AS
Agnes S.
Apr 18, 2021
May or may not recommend
wish I liked this bank more because of the $0 prepayment fee they offer but their loan criteria and customer services are horrible, I’m going to switch to another credit union.
Every time I’ve ever had to call I wait on hold for a minimum of 20 minutes. Half the time the call then gets disconnected and I have to start all over again. Either the people answering the phone ...Show More
KR
Kristina R.
Apr 12, 2021
May or may not recommend
I took out a personal loan a few years back when I needed some home repairs done. I had a positive experience and will likely use them again if I ever need another personal loan.
EF
Eugene F.
Mar 15, 2021
May or may not recommend
Consumers Credit Union has been a great company to use, if you have good credit. It's a decent place to get a loan and the fees are not bad at all
U
Anonymous
Feb 25, 2021
May or may not recommend
I am very pleased with the customer service that Consumer Credit Union provides. They offer low APR fees. You can apply for a loan as low as 500 and up to 40,000. I will definitely use this credit union again. They do offer autopay discounts which is great, but they do charge an origination fee and you need good credit to be considered. All in all they are a ...Show More
SA
Samuel A.
Dec 23, 2020
May or may not recommend
I have been using Consumers Credit Union for many years now, and I do everything online. They have a great website that is also very easy to use, which is good for my age. Their rates are very competitive, although it can be better. Finally, they also have special rewards checking accounts with over 3 percent interest monthly in my checking account. Overall, they have good services, and with the ...Show More
Kristina H.
Oct 28, 2020
May or may not recommend
I have received a personal loan through Consumers to purchase an investment property and honestly have nothing but good things to say about the experience. They were very fair on their rates, did not push for excessive information during the application process, made payments super easy despite not being in a convenient range to a local branch, and always returned my calls or emails within the next business day. I ...Show More
HK
Hira K.
Oct 20, 2020
May or may not recommend
I used Credit Union to take out a personal loan for my PRK surgery. I had no complication and I was happy with the service. They are a good option for individuals who are looking to take out a personal loan. They also had good customer service.
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