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).

• 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.

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 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 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.

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.