About Personal Loans

A personal, or "unsecured" loan is debt or obligations that do not have collateral.  These may also be referred to as "signature loans".

An unsecured loan means MVFCU relies on your promise to pay it back.  Due to the increased risk involved, interest rates for unsecured loans tend to be higher.

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Types of personal loans

Savings Secured Loans

Your deposits in the credit union may be used as security to borrow at our lowest interest rate. The savings account or certificate(s) of deposit used as collateral will continue to earn competitive dividends or interest during the term of your loan.

Fast Cash Loans

Fast Cash. When you need it most! Fast cash is a quick and convenient loan designed to help you between paychecks.

For more information, CLICK HERE

Checking Line of Credit

A checking line of credit is an unsecured loan attached to your checking account.  With a checking line of credit, money will advance into your checking account in the event you would not have sufficient funds.  This saves you from the embarrassment and expense of an overdraft.

Signature Loans

Your name is as good as money when you don’t have specific collateral to secure a loan. We offer signature loans based on your employment history, credit record, and ability to repay.

Personal LoansTermPayment Example AmountAPRPayment
Unsecured Signature Loans36 months$3,000 as low as 9.74%$96.44
Line of CreditFinancing up to 5 years12.90%
Credit Builder LoanEstablish or Rebuild Credit History. What you borrow will be deposited in your membership savings.6.00%
Primary Share, Money Market or CD SecuredFinancing up to 5 years on Certificates and 2 years on Share Accounts 2% above Deposit rate3.50% min
Payday Loan Alternative- Break the payday loan cycle for good. Loan amounts up to $1,000. Maximum term 12 months.4.99%$85.16