Members First Credit Union Personal Loan

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 fees does Members First loans charge?

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.