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  MEMBERS1st Community Credit Union Certificate Secured Loans

MEMBERS1st Community Credit Union Certificate Secured Loans

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MEMBERS1st Community Credit Union Certificate Secured Loans

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in Personal Loans from MEMBERS1st Community Credit Union

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Highlights
APR  (Fixed APR) Starting at 2.25%
Loan Amount Starting at $500
Loan Term (Months) Up to 60 months

MEMBERS1st Community Credit Union Certificate Secured Loans Review

MEMBERS1st Community Credit Union Certificate Secured Loans is offered by MEMBERS1st Community Credit Union, a credit union founded in 1964 and based in Marshalltown, IA. MEMBERS1st Community Credit Union Certificate Secured Loans is available in 1 state across the USA.

Key Takeaways
  • Hard credit pull required. You can't check your rates or see if you prequalify for MEMBERS1st Community Credit Union Certificate Secured Loans 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 MEMBERS1st Community Credit Union Certificate Secured Loans early.
MEMBERS1st Community Credit Union Certificate Secured 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.
MEMBERS1st Community Credit Union Certificate Secured Loans FAQ

What rates and terms does MEMBERS1st Community Credit Union Certificate Secured Loans offer?

MEMBERS1st Community Credit Union Certificate Secured Loans has lower interest rates than the average for lenders reviewed on SuperMoney.

What APR rate does MEMBERS1st Community Credit Union Certificate Secured Loans offer?

MEMBERS1st Community Credit Union Certificate Secured Loans offers a personal loan product that starts at 2.25% APR.

Your APR can vary depending on several factors, such as your credit score. Find out what your credit score is and whether there is any false or inaccurate information in your credit history with these credit monitoring tools.

How much can you borrow via MEMBERS1st Community Credit Union Certificate Secured Loans?

Loan amounts start at $500

What can a personal loan from MEMBERS1st Community Credit Union Certificate Secured Loans be used for?

Personal loans from MEMBERS1st Community Credit Union Certificate Secured Loans are typically used for special purchases or similar purposes.

What is the maximum loan term you can get with MEMBERS1st Community Credit Union Certificate Secured Loans?

MEMBERS1st Community Credit Union Certificate Secured Loans offers personal loans with a maximum term of 60 months. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.

MEMBERS1st Community Credit Union Certificate Secured Loans Rates & Terms
Loan Amount Starting at $500
Loan Term up to 60 months
APR Starting at 2.25%

What fees does MEMBERS1st Community Credit Union Certificate Secured Loans charge?

Does MEMBERS1st Community Credit Union Certificate Secured Loans charge an origination fee?

MEMBERS1st Community Credit Union Certificate Secured Loans may charge a loan origination fee.

Does MEMBERS1st Community Credit Union Certificate Secured Loans charge a late fee?

Yes, MEMBERS1st Community Credit Union Certificate Secured Loans may charge borrowers a late payment fee.

Does MEMBERS1st Community Credit Union Certificate Secured Loans charge prepayment fees?

Yes, MEMBERS1st Community Credit Union Certificate Secured 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 loan early.

MEMBERS1st Community Credit Union Certificate Secured Loans Fees
Origination Fee N/A
Prepayment Fee? Yes
Late Payment Fee N/A

What do you need to qualify for MEMBERS1st Community Credit Union Certificate Secured Loans?

Applicants with a credit score of at least 600 and up to 850 may be eligible for MEMBERS1st Community Credit Union Certificate Secured Loans. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

MEMBERS1st Community Credit Union Certificate Secured Loans does not have or does not disclose a minimum annual income eligibility requirement. MEMBERS1st Community Credit Union Certificate Secured Loans 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 MEMBERS1st Community Credit Union Certificate Secured Loans. Their rates fall within the limits of The Military Lending Act.

U.S. citizens are, of course, eligible for the services offered by MEMBERS1st Community Credit Union Certificate Secured Loans. Permanent resident / green card holders are also eligible to apply.

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

  • Recent pay stubs
  • Proof of income
  • Driver's license
  • Government issued photo ID
  • Proof of identity
MEMBERS1st Community Credit Union Certificate Secured Loans Eligibility Criteria
Minimum Age 18
Bank Account Required? No
Application Types Accepted
  • Individual Applications
  • Credit Score 600 - 850

    Does MEMBERS1st Community Credit Union Certificate Secured Loans report your account activity to credit bureaus?

    Yes, MEMBERS1st Community Credit Union Certificate Secured Loans 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.

    Availability

      Available in 1 state
    Iowa
    Availabile in all of Iowa

    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
    Joint Loan Applications Accepted 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
    • Recent Pay Stubs
    • Proof of Income
    • Proof of Identity
    • Government Issued Photo ID
    • Recent Bank Statements
    • Social Security Number
    • Driver License (or other photo ID)
    Credit Score Range 600 - 850
    Credit Bureau Reporting
    • Experian
    • Equifax
    • TransUnion
    Payment Options Automatic Payments
    Loan Amount Starting at $500
    APR (Fixed APR) Starting at 2.25%
    Loan Term Up to 60 months

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