Banks vs. Credit Unions for Personal Loans
Personal loans are generally used for a variety of things like education, starting a business, going on a vacation or medical expenses. When looking for a personal loan, banks are usually the first stop people make. However, credit unions offer personal loans as well, often at lower rates and longer terms.
You can request a Member Choice Loan, which is a personal installment loan that you pay back in equal monthly installments. Or a Ready Access Line of Credit that gives you the flexibility of borrowing what you need, when you need it. In the summer, Vacation Loans provide cash for travel, summer camp or activities, while Holiday Loans can help with increased seasonal expenses.
For more information about our personal loans, contact us.