Verity CU Personal Loans

Verity CU Personal Loans Review

Verity CU Personal Loans is offered by Verity Credit Union, a credit union founded in 1933 and based in Seattle, WA. Verity CU Personal Loans are available in 50 states (and Washington, DC).

Key Takeaways

• Uses a variable APR. This is uncommon for personal loans. If interest rates rise in the future it could make the monthly payments more challenging. Personal loan interest rates typically range between 5% and 36%. The starting rates for Verity CU Personal Loans are on the lower end of the spectrum.
• Charges a prepayment fee. This is rare for personal loans. It means you will have to pay a fee if you pay off your Verity CU Personal Loans early.

Verity CU Personal Loans Pros & Cons

Verity CU Personal Loans FAQ

What interest rates and personal loan terms does Verity CU Personal Loans offer?

Verity CU Personal Loans has lower than average interest rates for lenders reviewed on SuperMoney.

What fees does Verity CU Personal Loans charge?

What do you need to qualify for Verity CU Personal Loans?

Verity CU Personal Loans does not have or does not disclose a minimum annual income eligibility requirement. Verity CU Personal 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 Verity CU Personal Loans. Their rates fall within the limits of The Military Lending Act.

U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by Verity CU Personal Loans.

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

• Proof of income
• Driver's license
• Proof of identity
• Proof of citizenship or residence permit

Does Verity CU Personal Loans report your account activity to credit bureaus?

Yes, Verity CU Personal 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.

Are Verity CU Personal Loans legit?

Verity Credit Union was founded in 1933, it is a well-established company with approximately 51 employees that has been in business for 90 years.

Unfortunately, we don't have sufficient community reviews to provide a reliable rating of their user experience and customer service.