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  Members 1st Federal Credit Union Personal Loans

Members 1st Federal Credit Union Personal Loans

in Personal Loans from Members 1st Federal Credit Union

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Members 1st Federal Credit Union Personal Loans

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Highlights
Highlights
APR  (Fixed APR) Starting at 7.49%
Loan Amount N/A
Loan Term (Months) 12 - 180 months

Members 1st Federal Credit Union Personal Loans Review

Members 1st Federal Credit Union Personal Loans is offered by Members 1st Federal Credit Union, a credit union founded in 1972 and based in Mechanicsburg, PA. Members 1st Federal Credit Union Personal Loans is available in 1 state across the USA.

Key takeaways

  • Fair credit accepted. The credit score needed for Members 1st Federal Credit Union Personal Loans is relatively low. Borrowers with a credit score as low as 600 may qualify for Members 1st Federal Credit Union Personal Loans.
  • Super long loan terms. Members 1st Federal Credit Union Personal Loans offers loan terms of up to 180 months. Most personal loans have a maximum term of 60 months.

Members 1st Federal Credit Union Personal Loans Pros and Cons:

Pros Cons
  • $0 prepayment fee.
  • Considers applicants with poor credit.
  • Charges an origination fee.
  • Charges a late fee.
  • No co-sign option.

What rates and terms does Members 1st Federal Credit Union Personal Loans offer?

Members 1st Federal Credit Union Personal Loans has lower interest rates than the average for lenders reviewed on SuperMoney.

What APR rate does Members 1st Federal Credit Union Personal Loans offer?

Members 1st Federal Credit Union Personal Loans offers a fixed APR personal loan product that starts at 7.49% APR.

Your APR can vary depending on several factors, such as your credit score. Find out what your credit score is and whether there is any false or inaccurate information in your credit history with these credit monitoring tools.

What can a personal loan from Members 1st Federal Credit Union Personal Loans be used for?

Personal loans from Members 1st Federal Credit Union Personal Loans are typically used for special purchases or similar purposes.

What is the maximum loan term you can get with Members 1st Federal Credit Union Personal Loans?

Members 1st Federal Credit Union Personal Loans offers personal loans with terms ranging from 12 to 180 months. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.

Members 1st Federal Credit Union Personal Loans Rates & Terms
Loan Amount N/A
Loan Term 12 - 180 months
APR Starting at 7.49%

What fees does Members 1st Federal Credit Union Personal Loans charge?

Does Members 1st Federal Credit Union Personal Loans charge an origination fee?

Members 1st Federal Credit Union Personal Loans may charge a loan origination fee.

Does Members 1st Federal Credit Union Personal Loans charge a late fee?

Yes, Members 1st Federal Credit Union Personal Loans may charge borrowers a late payment fee.

Does Members 1st Federal Credit Union Personal Loans charge prepayment fees?

No, Members 1st Federal Credit Union Personal Loans does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the loan off early.

Members 1st Federal Credit Union Personal Loans Fees
Origination Fee N/A
Prepayment Fee? No
Late Payment Fee N/A

What do you need to qualify for Members 1st Federal Credit Union Personal Loans?

Applicants with a credit score of at least 600 and up to 840 are eligible for Members 1st Federal Credit Union Personal Loans. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

Members 1st Federal Credit Union Personal Loans does not have or does not disclose a minimum annual income eligibility requirement. Members 1st Federal Credit Union Personal Loans will consider borrowers regardless of their employment status if they can prove their ability to repay their obligations.

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 Members 1st Federal Credit Union Personal Loans. Their rates fall within the limits of The Military Lending Act.

U.S. citizens are, of course, eligible for the services offered by Members 1st Federal Credit Union Personal Loans. Permanent resident / green card holders are also eligible to apply.

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

  • Government issued photo ID
  • Proof of identity
  • Proof of residence
Members 1st Federal Credit Union Personal Loans Eligibility Criteria
Minimum Age 18
Bank Account Required? No
Credit Score 600 - 840

Does Members 1st Federal Credit Union Personal Loans report your account activity to credit bureaus?

Members 1st Federal Credit Union 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 can help improve your credit.

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...

Contact

  • Headquarters
  •   5000 Louise Dr
    Mechanicsburg, PA 17055
  •   Visit Site

Hours of Operation

  • Sunday Closed
  • Monday 8:00am - 5:00pm
  • Tuesday 8:00am - 5:00pm
  • Wednesday 8:00am - 5:00pm
  • Thursday 8:00am - 5:30pm
  • Friday 7:30am - 6:00pm
  • Saturday 8:30am - 2:00pm

About Members 1st Federal Credit Union Personal Loans

Availability

  Available in 1 state
Pennsylvania
Availabile in all of Pennsylvania

Feature Breakdown

No Prepayment Fee  
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Other
  • Retired
  • Self-Employed
  • Unemployed
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Military Status
  • Active Duty Military
  • Military Dependent
  • Non-Military
  • Veterans
Minimum Age 18
Supported Income Types
  • 1099 Misc. Income
  • Cash
  • Direct Deposit (W2, SSA, SSDI)
  • Payroll Check or Prepaid Card
  • Tax Returns
Verification Documents Required
  • Government Issued Photo ID
  • Proof of Identity
  • Proof of Residence
  • Social Security Number
Credit Score Range 600 - 840
Credit Bureau Reporting
  • Equifax
  • Experian
  • TransUnion
Payment Options
  • Automatic Payments
  • Bank Transfer
  • Cash
  • Check by mail
  • Storefront
Pre-Approved Soft Credit Inquiry  
APR (Fixed APR) Starting at 7.49%
Loan Term 12 - 180 months

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