Family Savings CU Personal Loans

Family Savings CU Personal Loans Review

Family Savings CU Personal Loans is offered by family savings credit union, a credit union founded in 1951 and based in Gadsden, AL. Family Savings CU Personal Loans are available in 50 states (and Washington, DC).

Key Takeaways

• Uses a variable APR. This is uncommon for personal loans. If interest rates rise in the future it could make the monthly payments more challenging. These are average interest rates for a personal loan. If you have good credit or a cosigner, you could probably find better rates.
• Charges a prepayment fee. This is rare for personal loans. It means you will have to pay a fee if you pay off your Family Savings CU Personal Loans early.
• Cosigner and coborrower applications accepted. A cosigner or coborrower can help you qualify for better rates and terms when applying for Family Savings CU Personal Loans.

Family Savings CU Personal Loans Pros & Cons

Pros	Cons
Accepts cosigners and coborrowers.	Charges an origination fee. Does not offer pre-approval with soft credit pull. Charges prepayment fees. Charges a late fee

Family Savings CU Personal Loans FAQ

What interest rates and personal loan terms does Family Savings CU Personal Loans offer?

What fees does Family Savings CU Personal Loans charge?

What do you need to qualify for Family Savings CU Personal Loans?

Family Savings CU Personal Loans does not require or does not disclose a credit score minimum. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

Family Savings CU Personal Loans does not have or does not disclose a minimum annual income eligibility requirement. Family Savings CU Personal Loans only considers borrowers who are employed. Note that borrowers can add a cosigner or 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 Family Savings CU Personal 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 Family Savings CU Personal Loans.

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

• Proof of income
• Driver's license
• Proof of identity

Family Savings CU Personal Loans Eligibility Criteria

Minimum Age	18
Bank Account Required?	No
Application Types Accepted	Co-borrowers Cosigners Individual Applications
Credit Score	N/A

Does Family Savings CU Personal Loans report your account activity to credit bureaus?

Yes, Family Savings CU Personal Loans 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.

Are Family Savings CU Personal Loans legit?

Family Savings Credit Union was founded in 1951, it is a well-established company that has been in business for 72 years.

Unfortunately, we don't have sufficient community reviews to provide a reliable rating of their user experience and customer service.