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  MEMBERS1st Community Credit Union Signature Loans

MEMBERS1st Community Credit Union Signature Loans

in Personal Loans from MEMBERS1st Community Credit Union

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MEMBERS1st Community Credit Union Signature Loans

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in Personal Loans from MEMBERS1st Community Credit Union

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Highlights
APR  (Fixed APR) Starting at 11%
Loan Amount $500 - $25,000
Loan Term (Months) Up to 60 months

MEMBERS1st Community Credit Union Signature Loans Review

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

Key Takeaways
  • APRs starting at 11%. Personal loan interest rates typically range between 5% and 36%. The starting rates for MEMBERS1st Community Credit Union Signature Loans are on the higher end of the spectrum.
  • Hard credit pull required. You can't check your rates or see if you prequalify for MEMBERS1st Community Credit Union Signature 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 Signature Loans early.
MEMBERS1st Community Credit Union Signature Loans Pros & Cons
Pros Cons
  • 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 Signature Loans FAQ

What interest rates and personal loan terms does MEMBERS1st Community Credit Union Signature Loans offer?

MEMBERS1st Community Credit Union Signature Loans has higher than average interest rates for lenders reviewed on SuperMoney.

What interest rates does MEMBERS1st Community Credit Union Signature Loans offer?

MEMBERS1st Community Credit Union Signature Loans offers a fixed APR personal loan product that starts at 11% APR.

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

Loan amounts start at $500 and go up to $25,000

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

MEMBERS1st Community Credit Union Signature Loans offers loans with terms of up to 60 months.

MEMBERS1st Community Credit Union Signature Loans Interest Rates & Loan Terms
Personal Loan Amount $500 - $25000
Loan Term up to 60 months
APR Starting at 11%

What fees does MEMBERS1st Community Credit Union Signature Loans charge?

Does MEMBERS1st Community Credit Union Signature Loans charge an origination fee?

MEMBERS1st Community Credit Union Signature Loans may charge a personal loan origination fee.

Does MEMBERS1st Community Credit Union Signature Loans charge a late fee?

Yes, MEMBERS1st Community Credit Union Signature Loans may charge borrowers a late payment fee if you miss one of the monthly payments.

Does MEMBERS1st Community Credit Union Signature Loans charge prepayment fees?

Yes, MEMBERS1st Community Credit Union Signature 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.

MEMBERS1st Community Credit Union Signature Loans Fees
Origination Fee No
Prepayment Fee Yes
Late Payment Fee No

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

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

MEMBERS1st Community Credit Union Signature Loans does not have or does not disclose a minimum annual income eligibility requirement. MEMBERS1st Community Credit Union Signature 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 Signature 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 Signature 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 Signature Loans Eligibility Criteria
Minimum Age 18
Bank Account Required? No
Application Types Accepted
  • Individual Applications
  • Credit Score 600 - 850

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

    Yes, MEMBERS1st Community Credit Union Signature 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.

    Contact

    Hours of Operation

    • Sunday Closed
    • Monday 9:00am - 5:00pm
    • Tuesday 9:00am - 5:00pm
    • Wednesday 9:30am - 5:00pm
    • Thursday 9:00am - 5:00pm
    • Friday 9:00am - 5:00pm
    • Saturday Closed

    Other Services by MEMBERS1st Community Credit Union

    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
    • 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 $500 - $25,000
    APR (Fixed APR) Starting at 11%
    Loan Term Up to 60 months

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