Credit Union 1 Secured Loans
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| APR (Fixed APR) |
Starting at 6% (Verified 10/20/2022) |
| Loan Amount | $1,000 - $48,000 |
| Loan Term (Months) | Starting at 12 months |
Credit Union 1 Secured Loans Review
Credit Union 1 Secured Loans is offered by Credit Union 1, a credit union founded in 1958 and based in Henderson, NV. Credit Union 1 Secured Loans are available in 50 states (and Washington, DC).
Key Takeaways
- APRs starting at 6%. Personal loan interest rates typically range between 5% and 36%. The starting rates for Credit Union 1 Secured Loans are on the lower end of the spectrum.
- Large loan amounts. You can apply for loan amounts of up to $48,000 with Credit Union 1 Secured Loans.
- No origination fee. Credit Union 1 Secured Loans does not charge a loan origination fee.
- Coborrower applications accepted. Applying for Credit Union 1 Secured Loans with a coborrower who has better credit than you could improve your chances of approval and may help you qualify for lower interest rates.
Credit Union 1 Secured Loans Pros & Cons
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Credit Union 1 Secured Loans FAQ
What interest rates and personal loan terms does Credit Union 1 Secured Loans offer?
Credit Union 1 Secured Loans has lower than average interest rates for lenders reviewed on SuperMoney.
What interest rates does Credit Union 1 Secured Loans offer?
Credit Union 1 Secured Loans offers a fixed APR personal loan product that starts at 6% APR.
How much can you borrow via Credit Union 1 Secured Loans?
Personal loan amounts start at $1,000 and go up to $48,000.
| Personal Loan Amount | $1000 - $48000 |
| Loan Term | Starting at 12 months |
| APR | Starting at 6% |
What fees does Credit Union 1 Secured Loans charge?
Does Credit Union 1 Secured Loans charge an origination fee?
Credit Union 1 Secured Loans does not charge a personal loan origination fee.
A personal loan origination fee is what some lenders charge for processing, underwriting, and funding a personal loan. Typically origination fees range from 0.5% to 5% of the personal loan amount. Whenever possible, go with lenders that don’t charge origination fees.
Does Credit Union 1 Secured Loans charge a late fee?
No, Credit Union 1 Secured Loans will not charge you a late fee if you miss one of the monthly payments.
Does Credit Union 1 Secured Loans charge prepayment fees?
No, Credit Union 1 Secured 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 | No |
What do you need to qualify for Credit Union 1 Secured Loans?
Credit Union 1 Secured Loans does not require or does not disclose a credit score minimum.Credit Union 1 Secured Loans does not have or does not disclose a minimum annual income eligibility requirement. Credit Union 1 Secured Loans only considers borrowers who are employed. Note that borrowers can add a co-borrower to either meet eligibility requirements or qualify for lower interest rates.
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 Credit Union 1 Secured Loans. Their rates fall within the limits of The Military Lending Act.
U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by Credit Union 1 Secured Loans.
To qualify, applicants may need to provide the following documentation:
- Proof of income
- Proof of identity
- Proof of residence
| Minimum Age | N/A |
| Bank Account Required? | No |
| Application Types Accepted |
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| Credit Score | N/A |
Is Credit Union 1 a legit company?
Credit Union 1 was founded in 1958, it is a well-established company that has been in business for 65 years.
Unfortunately, we don't have sufficient community reviews to provide a reliable rating of their user experience and customer service.
Message From Credit Union 1 Secured Loans
Contact
- Headquarters
-
2651 Paseo Verde Pkwy
Henderson, NV 89074 - (800) 252-6950
- Visit Site
- Email Support
About Credit Union 1 Secured Loans
Availability
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- Washington, DC
- West Virginia
- Wisconsin
- Wyoming
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