Is Members First Credit Union Personal Loan the right fit for you?

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Last Updated: 04/18/2025

Members First Credit Union Personal Loan

from Members First Credit Union of Utah

Last Updated: 04/18/2025

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Strongly recommended5 total votes

4 users recommend

1 users don't recommend

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Highlights

Community Rating

Strongly recommended

APR (Fixed APR)

Starting at 8.75%(Verified 06/21/2024)

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Amount Range

N/A

Loan Term (Months)

Up to 60

Number of Reviews

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 loans are available in 50 states and Washington, DC.

Key Takeaways

APRs starting at 8.75%. Personal loan interest rates typically range between 9% and 36%. The starting rates for Members First Credit Union Personal Loan are on the lower end of the spectrum.
Cosigner required. Applicants must have a cosigner to complete an application.

Members First loans Pros & Cons

Pros

Cons

Considers applicants with poor credit.
Cosigners accepted.

Charges an origination fee.
Does not offer pre-approval with soft credit pull.
Charges prepayment fees.

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?

Members First loans does not disclose whether it charges late payment fees.

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

Prepayment Fee

N/A

Late Payment Fee

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 VantageScore 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. Note that borrowers can add a cosigner to either meet eligibility requirements or qualify for lower interest rates.

U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by Members First Credit Union Personal Loan.

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

Driver's license or other government photo ID
Government issued photo ID
Proof of identity

Members First loans Eligibility Criteria

Minimum Age

Bank Account Required?

Application Types Accepted

Cosigners
Individual Applications

Credit Score

550 - 850 VantageScore

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

Yes, Members First Credit Union Personal Loan reports to the following credit bureaus:

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 build your credit.

Does Members First Credit Union of Utah perform a hard credit pull?

Yes, Members First loans performs a hard credit pull when you apply for a loan. Additionally, it doesn't provide the option to check your rates using a soft credit pull, a feature that many lenders offer.

Click here to get prequalified rates from multiple leading lenders without a hard credit pull. However, if you accept a loan offer, a hard credit pull will likely be performed.

Are Members First Credit Union Personal Loan legit?

Members First Credit Union of Utah was founded in 1958, it is a well-established company that has been in business for 68 years. Based on their "strongly recommended" SuperMoney community rating, they appear to be a very reputable company.

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.

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SuperMoney Net Recommendation Score

SuperMoney users strongly recommend this product, giving it a user recommendation score of +60, or 4.2 on a 5-point rating scale.

+60

-1000+100

No one recommends

Everyone recommends

The recommendation score reflects customer satisfaction with a provider. A score of +100 means every customer recommends the provider, while -100 means none of them do. These scores are based entirely on community member votes and are not influenced by partner compensation. SuperMoney removes fake reviews when detected.

Members First Credit Union Personal Loan Community Reviews

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

Peter A.

Nov 2, 2023

May or may not recommend

Honest, informative, and reasonable just a few words to describe Members First Credit Union Personal Loan. I was impressed with the work and outcome provided by their team. They work professionally and efficiently. They were so helpful and with everything. No hidden cost, no lies, just good people doing a great job. If I got a problem, I could call the minute I faced it and they would answer any ...Show More

Connor K.

Jan 25, 2023

May or may not recommend

I have been a member of Members First Credit Union for a little over a year and have had a positive experience with the credit union. Recently, I used their services to finance my first car and was impressed with the level of service and support I received. One of the things I appreciate about Members First is the low-interest rates they offer on loans. The interest rate on my car ...Show More

Chizobam O.

Dec 6, 2022

May or may not recommend

Enough information is not provided by this bank for me to get a loan from them. One of my family members got one from them, the worst idea ever. Their account was locked down for some time then they were told there was a limit to how much money they could pay which would not make any sense if they were in an emergency. To me, it all looks shady. ...Show More

Mazhar C.

Nov 25, 2022

May or may not recommend

Either way you qualify for a loan but you have to have a good bank history

Robelys F.

May 23, 2022

May or may not recommend

Either way you qualify for a loan but you have to have a good bank history

Showing 5 of 5 reviews