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

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 score.