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  Members First Credit Union Personal Loan
Members First Credit Union Personal Loan
in Personal Loans from Members First Credit Union of Utah
Unaffiliated

Members First Credit Union Personal Loan

Unaffiliated
in Personal Loans from Members First Credit Union of Utah
Net Recommendation Score +100  

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +100, equating to 5 on a 5 point rating scale.

+100

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

Rating not yet determined  

1 user recommends
0 users are unsure
0 users don't recommend
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Highlights
Community Rating

Rating not yet determined  

APR  (Fixed APR) Starting at 8.75%
Loan Amount N/A
Loan Term (Months) Up to 60 months

Members First Credit Union Personal Loan Review

Members First Credit Union Personal Loan is offered by Members First Credit Union of Utah, a credit union founded in 1958 and based in , . Members First Credit Union Personal Loan is available in 50 states (and Washington, DC).

Key Takeaways

  • APRs starting at 8.75%. These are average starting rates for a personal loan. If you have good credit you may qualify for a loan with 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 Members First Credit Union Personal Loan early.
  • Cosigner applications accepted. Applying for Members First Credit Union Personal Loan with a cosigner can improve your chances of approval and help you qualify for lower interest rates.

Members First loans Pros & Cons

Pros Cons
  • Considers applicants with fair credit.
  • Cosigners accepted.
  • Charges an origination fee.
  • Do not offer pre-approval with soft credit pull.
  • Charges prepayment fees.
  • Charges a late fee.

Members First loans FAQ

What interest rates and personal loan terms does Members First loans offer?

What interest rates does Members First loans offer?

Members First loans offers a fixed APR personal loan product that starts at 8.75% APR.

What is the maximum loan term you can get with Members First loans?

Members First loans offers loans with terms of up to 60 months.

Members First loans Interest Rates & Loan Terms
Personal Loan Amount N/A
Loan Term up to 60 months
APR Starting at 8.75%

What fees does Members First loans charge?

Does Members First loans charge an origination fee?

Members First loans may charge a personal loan origination fee.

Does Members First loans charge a late fee?

No, Members First loans will not charge you a late fee if you miss one of the monthly payments.

Does Members First loans charge prepayment fees?

No, Members First loans does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the personal loan off early.

Members First loans Fees
Origination Fee No
Prepayment Fee N/A
Late Payment Fee No

What do you need to qualify for Members First Credit Union Personal Loan?

Applicants with a credit score of at least 550 and up to 850 FICO may be eligible for Members First Credit Union Personal Loan. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

Members First Credit Union Personal Loan does not have or does not disclose a minimum annual income eligibility requirement. Members First Credit Union Personal Loan only considers borrowers who are employed. Note that borrowers can add a cosigner 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 Members First Credit Union Personal Loan. 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 Personal Loan. Permanent resident / green card holders are also eligible to apply.

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

  • Driver's license
  • Government issued photo ID
  • Proof of identity
Members First loans Eligibility Criteria
Minimum Age 18
Bank Account Required? No
Application Types Accepted
  • Cosigners
  • Individual Applications
  • Credit Score 550 - 850 FICO

    Does Members First Credit Union Personal Loan report your account activity to credit bureaus?

    Yes, Members First Credit Union Personal Loan 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.

    Is Members First Credit Union of Utah a legit company?

    Members First Credit Union of Utah was founded in 1958, it is a well-established company that has been in business for 64 years.

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

    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...
    Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

    Contact

    About Members First Credit Union Personal Loan

    Availability

      Available in 50 states and Washington, D.C.
    • Alaska
    • Alabama
    • Arkansas
    • Arizona
    • California
    • Colorado
    • Connecticut
    • Washington, DC
    • Delaware
    • Florida
    • Georgia
    • Hawaii
    • Iowa
    • Idaho
    • Illinois
    • Indiana
    • Kansas
    • Kentucky
    • Louisiana
    • Massachusetts
    • Maryland
    • Maine
    • Michigan
    • Minnesota
    • Missouri
    • Mississippi
    • Montana
    • North Carolina
    • North Dakota
    • Nebraska
    • New Hampshire
    • New Jersey
    • New Mexico
    • Nevada
    • New York
    • Ohio
    • Oklahoma
    • Oregon
    • Pennsylvania
    • Rhode Island
    • South Carolina
    • South Dakota
    • Tennessee
    • Texas
    • Utah
    • Virginia
    • Vermont
    • Washington
    • Wisconsin
    • West Virginia
    • Wyoming

    Feature Breakdown

    Employment Statuses Considered
    • Other
    • Employed Full-Time
    • Employed Part-Time
    • Self-Employed
    • Retired
    Immigration Status Considered
    • U.S. Citizen
    • U.S. Permanent Resident
    Joint Loan Applications Accepted
    • Cosigner
    • Individual Applications
    Military Status
    • Active Duty Military
    • Non-Military
    • Veterans
    • Military Dependent
    Minimum Age 18
    Supported Income Types
    • Direct Deposit (W2, SSA, SSDI)
    • Cash
    • Payroll Check or Prepaid Card
    • 1099 Misc. Income
    Verification Documents Required
    • Driver License (or other photo ID)
    • Proof of Identity
    • Government Issued Photo ID
    • Social Security Number
    Credit Score Range 550 - 850
    Credit Bureau Reporting
    • Experian
    • Equifax
    • TransUnion
    Payment Options Automatic Payments
    APR (Fixed APR) Starting at 8.75%
    Loan Term Up to 60 months

    Members First Credit Union Personal Loan Community Reviews

     

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    SUPERMONEY NET RECOMMENDATION SCORE

    This product is strongly recommended by SuperMoney users with a score of +100, equating to 5 on a 5 point rating scale.

    +100

    Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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