A loan to fit your needs
Whether you’re consolidating debt to save on interest, funding a major purchase, or need access to funds in case of an emergency, our Personal Lending products are designed to give you access to the money you need.
Holiday Loan:
Halloween is in the rear-view mirror and it’s full steam ahead for holiday shopping. If you don’t feel quite ready for this year’s holiday shopping season, you’re not alone and you’re in luck!
MMFCU’s Holiday Loan will help you check every name off your holiday gift list. At 4.99% APR* for 12 months, this loan will help you whether you want to be a holiday hero or just get you through the season. Apply for the Holiday Loan by December 31, 2024 to take advantage of this great rate!
***APR = Annual Percentage Rate. Maximum borrowed amount is $2,500. Offer may be withdrawn at any time. Credit and income requirements apply. Promotion is for a 12-month term only. Other rates and terms may be available.
Personal Loans: receive a lump sum of money, unsecured (not backed by collateral), paid back in fixed monthly payments
Personal Line of Credit: borrow what you need and only pay interest on what you use, variable rates, best for ongoing needs. Learn more
Share Secured Loans: backed by collateral, good option for those with lower credit scores. Learn more
Overdraft Line of Credit: helps you avoid fees, ensures checks don’t bounce and debit cards won’t be denied. Learn more
Rates
Personal Loans
| Term | APR as low as* | Payment per $1000 borrowed |
|---|---|---|
| Up to 5 years* | 9.75% | $21.14 ($5,000 loan for five years.) |
*Rate displayed is our best rate and assumes automatic payment from your MMFCU account. If you elect to manually pay your personal loan, please add 0.25% to the displayed rate. Your rate may be different based upon your personal credit history.
Share Secured Loans
| 2.5 % above pledged share rate |
Personal Line of Credit
| Term | Current APR | Payment per $1000 borrowed |
|---|---|---|
| No fixed term | as low as 9.00% | Variable - Payment is 3% of your balance |
*Rate displayed is our best rate and assumes automatic payment from your MMFCU account. If you elect to manually pay your PLOC, please add 1% to the displayed rate. Your rate may be different based upon your personal credit history. There are no fees to use your PLOC. Late fees may be imposed if you do not make at least one payment each calendar month. Rate displayed assumes automatic payment from your MMFCU account.
*APY = Annual Percentage Yield. $5 minimum deposit to open. $25 minimum deposit to earn stated dividend rate/yield for savings. $100 minimum deposit to open, $2,000 to earn stated dividend rate/yield for Money Market. Rates are subject to change at any time and may change after account opening. Offer rate may be withdrawn at any time. Fees or penalties (if any) could reduce earnings.
* Rate is fixed once set.
**APR = Annual Percentage Rate. Holiday loan application must be received by 12/31/2024 and signed for by 1/31/2025. Promotion listed is for a 12-month term only. Maximum borrowed amount is $2,500. This promotion can not be combined with any other discounts or promotions. Other rates and terms are available. Offer may be withdrawn at any time. Credit and income requirements apply.
