Last Updated: 04/18/2025
Greater New Orleans FCU Safety Net Advance
Unaffiliated
Last Updated: 04/18/2025
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Highlights
APR (Fixed APR)
14%(Verified 06/21/2024)
Amount Range
Up to $500
Loan Term (Months)
2
Greater New Orleans FCU Safety Net Advance Review
Greater New Orleans FCU Safety Net Advance is offered by Greater New Orleans Federal Credit Union, a credit union founded in 1935 and based in Metairie, LA. Greater New Orleans FCU Safety Net Advance are available in 50 states and Washington, DC.
Key Takeaways
- APRs starting at 14%. Personal loan interest rates typically range between 9% and 36%. The starting rates for Greater New Orleans FCU Safety Net Advance are on the higher end of the spectrum.
- Origination fees starting at $35.Origination fees are deducted from the loan amount, so take it into account when deciding how much you need to borrow.
- Short loan terms. Greater New Orleans FCU Safety Net Advance have loan terms as short as 2 months.
Greater New Orleans FCU Safety Net Advance Pros & Cons
| Pros | Cons |
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Greater New Orleans FCU Safety Net Advance FAQ
What interest rates and personal loan terms does Greater New Orleans FCU Safety Net Advance offer?
Greater New Orleans FCU Safety Net Advance has higher than average interest rates for lenders reviewed on SuperMoney.
What interest rates does Greater New Orleans FCU Safety Net Advance offer?
Greater New Orleans FCU Safety Net Advance offers a fixed APR personal loan product of 14%.
What is the maximum loan term you can get with Greater New Orleans FCU Safety Net Advance?
Greater New Orleans FCU Safety Net Advance offers loans with terms of 2 months.
| Personal Loan Amount | up to $500 |
| Loan Term | 2 months |
| APR | 14% |
What fees does Greater New Orleans FCU Safety Net Advance charge?
Does Greater New Orleans FCU Safety Net Advance charge an origination fee?
Greater New Orleans FCU Safety Net Advance may charge a personal loan origination fee of $35
Does Greater New Orleans FCU Safety Net Advance charge a late fee?
Greater New Orleans FCU Safety Net Advance does not disclose whether it charges late payment fees.
Does Greater New Orleans FCU Safety Net Advance charge prepayment fees?
Yes, Greater New Orleans FCU Safety Net Advance may charge additional fees to borrowers who pay off their loans sooner than anticipated. Take this into consideration when choosing a lender because prepayment penalties can reduce or even cancel the interest savings of repaying a personal loan early.
| Origination Fee | No |
| Prepayment Fee | Yes |
| Late Payment Fee | Starting at $35 |
What do you need to qualify for Greater New Orleans FCU Safety Net Advance?
Greater New Orleans FCU Safety Net Advance 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. Greater New Orleans FCU Safety Net Advance 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 Greater New Orleans FCU Safety Net Advance.
To qualify, applicants may need to provide the following documentation:
- Driver's license or other government photo ID
- Government issued photo ID
- Proof of identity
- Proof of citizenship or residence permit
| Minimum Age | 18 |
| Bank Account Required? | No |
| Credit Score | N/A |
Does Greater New Orleans FCU Safety Net Advance report your account activity to credit bureaus?
Yes, Greater New Orleans FCU Safety Net Advance 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 Greater New Orleans Federal Credit Union perform a hard credit pull?
Yes, Greater New Orleans FCU Safety Net Advance 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 Greater New Orleans FCU Safety Net Advance legit?
Greater New Orleans Federal Credit Union was founded in 1935, it is a well-established company that has been in business for 91 years.
Unfortunately, we don't have sufficient community reviews to provide a reliable rating of their user experience and customer service.
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Hours of Operation
Sunday
Closed
Monday
9:00AM - 4:00PM
Tuesday
9:00AM - 4:00PM
Wednesday
10:00AM - 4:00PM
Thursday
9:00AM - 4:00PM
Friday
9:00AM - 4:00PM
Saturday
9:00AM - 1:00PM