Visions Federal Credit Union Personal Loans Review

Visions Federal Credit Union Personal Loans is offered by Visions Federal Credit Union, a credit union founded in 1966 and based in Endicott, NY. Visions Federal Credit Union Personal Loans is available in 3 states across the USA.

• 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 Visions Federal Credit Union Personal Loans are on the lower end of the spectrum.
• Prequalifed rate. You can check your prequalified rate at Visions Federal Credit Union with a soft pull that will not affect your credit score.
• Charges a prepayment fee. This is rare for personal loans. It means you will have to pay a fee if you pay off your Visions Federal Credit Union Personal Loans early.
• Cosigner and coborrower applications accepted. A cosigner or coborrower can help you qualify for better rates and terms when applying for Visions Federal Credit Union Personal Loans.
• Super long loan terms. Visions Federal Credit Union Personal Loans offers loan terms of up to 180 months. Most personal loans have a maximum term of 60 months.

Pros	Cons
Low APRs available to qualified borrowers. Considers applicants with fair credit. Accepts cosigners and coborrowers.	Charges an origination fee. Charges prepayment fees. Charges a late fee.

What rates and terms does Visions Federal Credit Union Personal Loans offer?

Visions Federal Credit Union Personal Loans has lower interest rates than the average for lenders reviewed on SuperMoney.

What fees does Visions Federal Credit Union Personal Loans charge?

What do you need to qualify for Visions Federal Credit Union Personal Loans?

Applicants with a credit score of at least 590 and up to 840 may be eligible for Visions Federal Credit Union Personal Loans. The minimum age to be eligible is 14 or the state minimum, whichever is higher.

Visions Federal Credit Union Personal Loans does not have or does not disclose a minimum annual income eligibility requirement. Visions Federal Credit Union Personal Loans will consider borrowers regardless of their employment status if they can prove their ability to repay their obligations. Note that borrowers can add a cosigner or a co-borrower to either meet eligibility requirements or qualify for lower interest rates.

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 Visions Federal Credit Union Personal Loans. Their rates fall within the limits of The Military Lending Act.

U.S. citizens are, of course, eligible for the services offered by Visions Federal Credit Union Personal Loans. Permanent resident / green card holders are also eligible to apply.

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

• Government issued photo ID
• Proof of identity
• Proof of residence

Visions Federal Credit Union Personal Loans Eligibility Criteria

Minimum Age	14
Bank Account Required?	No
Application Types Accepted	Co-borrowers Cosigners Individual Applications
Credit Score	590 - 840

Does Visions Federal Credit Union Personal Loans report your account activity to credit bureaus?

Visions Federal Credit Union 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 can help improve your credit.