SuperMoney
  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

Not enough votes for recommendation

Not enough votes for recommendation

Cast your vote

Would you recommend Members First Credit Union Personal Loan to your friends?

Thanks for your vote!

You voted: May or may not recommend

Highlights
APR  (Fixed APR) Starting at 1.5%
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 1.5%. Personal loan interest rates typically range between 5% and 36%. The starting rates for Members First Credit Union Personal Loan 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 Personal Loan 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 Personal Loan early.
Members First loans Pros & Cons
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.
Members First loans FAQ

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

Members First loans has lower interest rates than the average for lenders reviewed on SuperMoney.

What interest rates does Members First loans offer?

Members First loans offers a fixed APR personal loan product that starts at 1.5% APR.

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

Members First loans offers loans with

Members First loans Interest Rates & Loan Terms
Personal Loan Amount N/A
Loan Term up to 60 months
APR Starting at 1.5%

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?

Yes, Members First loans may charge borrowers a late payment fee if you miss one of the monthly payments.

Does Members First loans charge prepayment fees?

Yes, Members First loans 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.

Members First loans Fees
Origination Fee N/A
Prepayment Fee? Yes
Late Payment Fee N/A

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.

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
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.

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

Feature Breakdown

Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Other
  • Retired
  • Self-Employed
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
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
  • Proof of Identity
  • Government Issued Photo ID
  • Social Security Number
  • Driver License (or other photo ID)
Credit Score Range 550 - 850
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Payment Options Automatic Payments
APR (Fixed APR) Starting at 1.5%
Loan Term Up to 60 months

Be the first to rate

 

Would you recommend Members First Credit Union Personal Loan to your friends?

Before we publish your vote:

Please explain your vote by sharing your experience.

Writing a review increases the credibility of your vote and helps your fellow users make a better-informed decision.

Please write a review to submit your vote
(will require moderator approval)

Other Personal Loans