Members First Credit Union of Florida Certificate Secured Review

Members First Credit Union of Florida Certificate Secured is offered by Members First Credit Union of Florida, a credit union founded in 1954 and based in Pensacola, FL. Members First Credit Union of Florida Certificate Secured is available in 1 state across the USA.

• APRs starting at 2.20%. Personal loan interest rates typically range between 5% and 36%. The starting rates for Members First Credit Union of Florida Certificate Secured are on the lower end of the spectrum.
• Hard credit pull required. You can't check your rates or see if you prequalify for Members First Credit Union of Florida Certificate Secured without a hard pull on your credit report. Most lenders give you the option of a soft pull on you credit report.
• Charges a prepayment fee. This is rare for personal loans. It means you will have to pay a fee if you pay off your Members First Credit Union of Florida Certificate Secured early.
• Short loan terms. Members First Credit Union of Florida Certificate Secured offers loan terms as short as 1 month. Most personal loans have a minimum term of 12 to 36 months.
• Super long loan terms. Members First Credit Union of Florida Certificate Secured offers loan terms of up to 120 months. Most personal loans have a maximum term of 60 months.

Pros	Cons
Low APRs available to qualified borrowers. Considers applicants with fair credit.	Charges an origination fee. Do not offer pre-approval with soft credit pull. Charges prepayment fees. Charges a late fee.

What rates and terms does Members First Credit Union of Florida Certificate Secured offer?

Members First Credit Union of Florida Certificate Secured has lower interest rates than the average for lenders reviewed on SuperMoney.

What fees does Members First Credit Union of Florida Certificate Secured charge?

What do you need to qualify for Members First Credit Union of Florida Certificate Secured?

Applicants with a credit score of at least 600 and up to 850 may be eligible for Members First Credit Union of Florida Certificate Secured. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

Members First Credit Union of Florida Certificate Secured does not have or does not disclose a minimum annual income eligibility requirement. Members First Credit Union of Florida Certificate Secured only considers borrowers who are employed.

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 First Credit Union of Florida Certificate Secured. Their rates fall within the limits of The Military Lending Act.

U.S. citizens are, of course, eligible for the services offered by Members First Credit Union of Florida Certificate Secured. Permanent resident / green card holders are also eligible to apply.

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

• Recent pay stubs
• Proof of income
• Driver's license
• Government issued photo ID
• Proof of identity

Members First Credit Union of Florida Certificate Secured Eligibility Criteria

Minimum Age	18
Bank Account Required?	No
Application Types Accepted	Individual Applications
Credit Score	600 - 850

Does Members First Credit Union of Florida Certificate Secured report your account activity to credit bureaus?

Yes, Members First Credit Union of Florida Certificate Secured 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.