Personal Loans

For those unexpected times in life when you could use some extra cash, MCCCU offers personal loans to our members! Loans of this nature can be set up as credit lines and closed end, term loans.

Installment Loans

  • Terms up to 60 months
  • No fees
  • No early repayment penalties
  • Amount of loan and rates are based on the credit score(s) of the applicant(s)
  • Access revolving loans and transfer funds through Online Banking
  • Life and disability credit insurance options available 

Cash on Demand

Our solution for any short-term cash needs you may have. This revolving line of credit provides flexibility to borrow money as you need it.

  • Access funds easily through Online Banking or by contacting us
  • Designed to help with your current and future needs
  • Monthly payments based on what you borrow
  • Life and disability credit insurance options available 

Overdraft Protection Line of Credit

Did you know MCCCU checking accounts offer a safety net for when funds are a little low?

  • Makes sure transactions are covered
  • Affordable monthly payments
  • Hassle free access—funds are automatically transferred when available
  • Prevents nonsufficient fund (NSF) and additional merchant fees
  • Life and disability credit insurance options available 

 

Loan Payment Calculator

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FAQ

What is a personal loan?

A personal loan is a loan without material collateral such as a car or home. Also known as a signature loan, the maximum personal loan amount at MCCCU is $25,000. These loans can be used for many purposes. For example: a wedding, home renovation, educational needs, a dream vacation, or to tackle any curveballs life might throw at you.

Do you have to be a member to apply for a loan?

You do not have to be a member to apply for a loan with MCCCU. However, you will need to join the credit union during the loan closing process. Please click here to see if you are eligible for membership.

By what methods can I pay on my loan at Monroe County Community Credit Union?

We like to make it as convenient as possible for our members to make their loan payments! You can pay through our online banking platform, by transferring funds from another institution online, over the phone, or in person at any one of our locations. Make sure to ask about special loan rate benefits for automatically scheduled payments on vehicle loans!

How do I get pre-approved for a loan?

To get pre-approved for a loan with MCCCU, you can click here to apply online, stop in at any one of our locations, or give us a call at 800-541-2222. Please note that in order to complete the loan application, you will need to authorize MCCCU to pull your credit.

Rates

Personal Loans
Effective Date: Sunday April 21, 2019
NameRates as low asTerms up to
Personal Loan 7.99% APR* 60 Months
Cash on Demand 9.00% APR* Revolving LOC
Variable rate based on prime rate plus margin
Overdraft Protection Line of Credit 9.50% APR' Revolving LOC
Variable rate based on prime rate plus margin
*APR = Annual Percentage Rate

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