Archives

In most cases, First US will send the loan funds directly to your lender(s) to pay off the loan(s) included in your consolidation.

Your loan funds will either be deposited into your First US account or sent directly to another financial institution to pay off or consolidate an existing loan.

Yes. There are no early payoff penalties associated with First US Community Credit Union personal loans. 

Yes, we need to make sure the payment is affordable and within guidelines before granting an approval.

A Share Secured Loan is a good option for building or repairing credit, or to access funds while maintaining the savings balance. Credit history is not a qualification for getting the loan and the payment history is reported to major credit reporting agencies.

Funds already on deposit are held, dollar-to-dollar, as collateral against the loan. As the loan is paid down, shares are released accordingly.

Personal loan terms range from 12 to 60 months.

No. There are no application or processing fees.

First U.S. offers Personal Loans up to $50,000. The maximum loan amount will be determined by a variety of factors, including monthly income, credit score and credit experience. Loan amounts over $25,000 will have additional income requirements, including a secondary source of repayment. 

Personal loans cannot be used for post-secondary educational expenses.