Saving really does pay off, especially when you need a little wiggle room. At CU1 you can use your current Credit Union 1 savings or certificate account as collateral for a loan up to 90% of the balance in your account. Rates range from 3% to 4% over the dividend rate, and pledge of certificates are 2% over the dividend rate. Secured loans are a great credit-building and savings tool, since the money in your savings or certificate account will continue to earn dividends even though you have used that account as collateral for a loan.
Sometimes the unexpected happens and you find yourself stretched for cash. To further aid our members, Credit Union 1 offers Quick Cash loans. These fast and convenient Quick Cash loans provide you with a line of credit that is reusable for when you are in a pinch. They allow you to make affordable minimum payments and avoid hefty fees or surcharges. The loans can even be linked to your checking account for affordable overdraft protection.
There is nothing quite like the comfort of nestling into your own home and making it yours. If you have a home loan with Credit Union 1, you’re eligible to apply for a Personal Premium Loan and experience the comfort for yourself. This special homeowners loan can help finance new home furnishings, appliances or whatever you may need. Instead of paying sky-high interest rates on a credit card, the Personal Premium Loan comes with a flat APR of 6%. The loan amount may range from $5,000 to $20,000, with a minimum draw of $2,000.