MembersFirst Credit Union Personal Loan Review

MembersFirst Credit Union Personal Loan is offered by MembersFirst Credit Union, a credit union founded in 1953 and based in Decatur, GA. MembersFirst Credit Union Personal Loan is available in 1 state across the USA.

• APRs starting at 9.9%. These are average starting rates for a personal loan. If you have good credit you may qualify for a loan with better rates.
• Hard credit pull required. You can't check your rates or see if you prequalify for MembersFirst 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 MembersFirst Credit Union Personal Loan early.

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.

What rates and terms does MembersFirst Credit Union Personal Loan offer?

What fees does MembersFirst Credit Union Personal Loan charge?

What do you need to qualify for MembersFirst Credit Union Personal Loan?

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

MembersFirst Credit Union Personal Loan does not have or does not disclose a minimum annual income eligibility requirement. MembersFirst 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 MembersFirst 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 MembersFirst Credit Union Personal Loan. 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
• Recent bank statements
• Driver's license
• Government issued photo ID
• Proof of identity

MembersFirst Credit Union Personal Loan Eligibility Criteria

Minimum Age	18
Bank Account Required?	No
Application Types Accepted	Individual Applications
Credit Score	600 - 850

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

Yes, MembersFirst 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.