Low interest loans from credit unions.
There are national and regional several credit unions that are able to enroll residents from any state, and provide them with low-interest loans. The credit unions have very few if any restrictions. Once someone is a member, they can receive loans and other forms of financing at very competitive interest rates. Find credit unions that offer low cost, if not interest free loans.
The number of products offered to consumers is wide ranging as well and will vary by company. Most of the lenders will not have too many (if any) restrictions. In general, the credit union loans can be used to pay for buying or refinancing a car, basic needs such as rent, home purchase loans, or other personal expenses. However, if someone is using them to pay a short term expense, such as a car payment or utility bills, they need to make sure they can pay off the loan as soon as possible. This should be done ideally with their next paycheck, even it it is a 0% interest free loan which some credit unions offer.
Benefits of credit union loans
Receiving a personal loan from these organizations is much better to consumers than some of the alternatives. A credit union loan will also always have a lower interest rate, and they are less expensive and people can save a significant amount of money over time on interest costs.
For those that qualify, the funds are often available the same day. No collateral will be needed from a credit unions for a signature or unsecured loan. Also, as noted, the funds can be used for a number of needs, ranging from debt consolidation to helping with with a car payment or even vacations!
The companies listed operate nationwide, which is not common for a credit union. In order to enroll, there may be some type of condition that needs to be met, as specified. Most common will be a small donation (such as $5) to a certain charity or non-profit. In general, a loan from a credit union will also come with other support, such as financial literacy, budgeting programs, and counseling.
Non-profit credit unions that issue lower interest rate loans
Consumers have several options available to them. The leading national credit unions to contact are below. The exact enrollment terms can change, but the latest information is below. For more locations of local credit unions, try http://mapping.ncua.gov/.
Salary Advance Loans are also offered from a Credit Union near you are for members only. The funds are a lower cost alternative to receiving cash. The product was created an an alternative to the relatively high costs of payday or bank loans. Learn more on Credit union salary advance loans.
Alliant Credit Union operates in Chicago Illinois but they have branches in several states. People who live in other states or regions can enroll by donating to Foster Care to Success and opening a savings account with the lender. Low interest loans can be issued for a variety of needs, such as car payments, mortgages, or even a rental payment. The non-profit is offering a full array of products and services to meet all customer’s needs. Call 800-328-1935.
America’s Credit Union requires a membership fee of about $15. This will enroll them into the Association of the United States Army. Call (800) 356-9655
Boeing Employees Credit Union is for the aerospace giant. Most of their loans and programs are available in SC or WA, but any Boeing worker (or retiree) from the company can join. The non-profit provides loans, help with retirement planning and other financial products. Call 206-439-5700.
CommunityWide Credit Union is based on Indiana and covers the midwest US. Sign up by donating to the Michiana Goodwill Boosters or Marine Corps League. Other members are part of the Select Employer Groups. Call 574-239-2700.
Connexus Credit Union requires a small donation, usually of $5. They work with charities such as the United Way, American Cancer Society, and Red Cross. They offer a number of lending options, including loans, in WI and neighboring states. They offer three different accounts to consumers, issue auto loans and other products. Call 800-845-5025.
Consumers Credit Union - A small donation of usually $5 is required from this Illinois based credit union. The funds are used to pay for scholarships. In addition to personal loans, counselors offer budgeting workshops, information on credit repair, debt reduction, and other counseling services. There is also a discount program for members. Call 877-275-2228.
First Technology Federal Credit Union - Can issue qualified customers affordable signature loans and other products. They also operate in Puerto Rico along with several other states with a focus on workers in the tech industry. Call 855-855-8805.
Golden 1 Credit Union provides low-cost loans to California residents. They help people that work for the state get money and other support. Mortgage loans, money to pay for a car or education and more is offered. Dial (877) 465‑3361.
GTE Financial Credit Union serves hundreds of thousands of families and companies that are part of the network of GTE, with most members in Florida and the southeast. People in other parts of the country can contribute to CUSavers in order to join. Customers can get access to signature loans and other forms of financing. They also allow members to open saving accounts for children. Call 888-871-2690 .
Lake Michigan Credit Union is an option for state residents. Others can join by donating $5 to the ALS Association. Free checking, low interest rate credit cards and signature loans and other services are available. They also offer loans on new cars or to refinance an existing one. Call (800) 242-9790.
NASA Federal Credit Union the nation’s largest credit union with over 11 miillion members. The non-profit offers no fee checking accounts, credit cards with rebates, and consumer loans. Hundreds of thousands of families that work for NASA or the space industry are members. Many turn to this lender as an alternative to more expensive payday loans. . The company operates nationwide and issues several loan products that are affordable and effective. Call 1-888-627-2328.
- Navy Federal Credit Union allows active military members and veterans (regardless of which branch they served in) to enroll. The low cost loans for service members can help people avoid payday or title loans, which often target military members. They also allow all civilian Department of Defense employees (civilians as well as contractors) to enroll.
Many families turn to these non-profit for loan products to pay their everyday bills, housing or rent costs, and more. There are reward credit cards, personal and car loans issued, and more. Savings accounts are also competitively priced. Call the credit union at 1-888-627-2328.
NuVision Federal Credit Union - Individuals can join either by living in Arizona or signing up for the sponsored educational group known as American Consumer Council. Call (800) 444-6327.
Pentagon Federal Credit Union - To enroll, it is for military members or others can sign up by donating to Voices for America’s Troops or to the National Military Family Association. Their customers have access to thousands of ATMS, low cost mortgages, and also signature loans which can be used for paying any number of bills. Dial PenFed at (800) 247-5626.
San Diego County Credit Union - While the majority of its customers live in southern California, they can serve people in other states as well. More on San Diego credit union.
Schools First is a credit union that helps teachers, administrative staff, and employees of a public school district. Loans to buy a car, pay for college or other bills are offered, and call(800) 462-8328.
Self-Help Credit Union - The non-profit credit union only covers the SE, including Florida and North Carolina. They offer consumer products, including vehicle loans, to residents of the state. This non-profit requires a $20 donation. However qualified low income individuals may only need to contribute a few dollars. The loans issued from this lender are a great alternative to the higher priced payday lenders that operate in North Carolina. Call (800) 966-7353.
State Department Federal Credit Union - People can join by enrolling in the American Consumer Council. Of course, services are also offered for State Department employees and their families. Call 800-296-8882.
State Employees' Credit Union is the 2nd largest non-profit credit union. They help state government employees - no matter what state they live in. Low cost loans will help families and state workers with their bills and other services are offered too. Call 888-732-8562.
Related Content From Needhelppayingbills.com
|
