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Personal Loans

Take charge of your spending, saving, and budgeting

LIMITED TIME OFFER: Get up to 2.00% in Loyalty Rate Discounts1


Whether you're paying off your old student loans, consolidating your debts, paying for appliance or vehicle repair, or planning a dream vacation, a Members Choice personal loan can be a great option when you don't have — or don't want to tie up — the cash you have on hand.



With our HomePlus, Signature Loan and CD Secured Loan options, you’ll get fixed-rate payments and no prepayment penalties. Check our current competitive rates for personal loans. View Loan Rates

Unsecured HomePlus Personal Loan – for Homeowners**

If you need a quick loan solution for debt consolidation, home repairs or other personal funds, a HomePlus Personal Loan rewards you for home ownership without adding a lien on your current home. You can get from $10,000 to $30,000 of cash without the fees and expense of home equity closing costs.
  • Loyalty Rate Discount Options – Get up to 1.50% in rate discounts: .75% for 15-year homeownership (.25% for every 5 years), .25% for a mortgage with MCCU, .25% for an auto loan with MCCU, .25% for an automatic loan payment transfer from a MCCU checking account.

Unsecured Personal Loan – Signature Loan

Our Signature Loans offer the stability of fixed monthly payments and a set low rate over a specific time frame. You'll get the cash you need upfront and all at once.
  • LIMITED TIME Loyalty Rate Discount Options1 Get up to 2.00% in rate discounts:  .50% for an automatic loan payment transfer from an MCCU checking account, 1.00% for checking account direct deposit at the time of funding, .50% for a new or increased Credit Card.  

CD Secured or Share Secured Loan

Already have a Members Choice CD or Share Account? You could borrow against your already-established account with a CD Secured or Share Secured Loan. Get the same options as a Signature Loan but with a lower rate. It’s an easy approval process, plus, it’s a great option to build or repair credit.


Personal Line of Credit

Prepare for planned and unexpected expenses with a line of credit. Borrow against your line of credit and then repay the funds plus the variable rate interest over a specified term. Withdrawals in branch or at an ATM means you'll have flexible access to funds when you need them.


Compare Personal Loan Options


 
HomePlus Personal Loan** Unsecured Signature Loan Share Secured Signature Loan
CD Secured Loan Line of Credit
Payments Fixed Fixed Variable
Fixed Variable
Terms 37 to 72 months Up to 72 months
Up to 120 months;
Up to 60 months or the remaining CD term
No term limit
Minimum/maximum loan amount $10,000 to $30,000
($20,000 minimum on 61-72 month term
Up to 100% of the share balance
Up to 100% of the CD balance
$25,000 maximum
Interest rate Fixed interest rate Fixed interest rate Variable interest rate: Share rate + 3.00% Fixed interest rate: CD Rate + 2.50% Variable rate
Secured vs. Unsecured Unsecured Unsecured
Secured with a Members Choice Share Account Secured with a Members Choice CD Unsecured

*APR = Annual Percentage Rate
**For homeowners. Certain tax benefits may not apply. You should consult your tax advisor for information regarding the deductibility of interest and charges.

Start off with an estimated rate quote – No credit pull required

Fill out the short form below to hear from a Loan Officer within the next business day.

Ready to get your personal loan started?

Our local team of loan officers can work with you to find the best options for your personal loan.

Apply Online

Call us at 281.754.1470 to ask questions or start a loan application by phone.

Apply in a Branch

To apply in branch, visit a branch near you.

LIMITED TIME OFFER: Get up to 2.00% in Loyalty Rate Discounts on Unsecured Signature Personal Loans1

A quick loan solution with no application or origination fees.

Loan Type Approximate Term Rates as low as*
Line of Credit (Variable) N/A 10.50%
Unsecured / Signature Personal 0 - 12 months 8.99%
Unsecured / Signature Personal 13 - 24 months 8.99%
Unsecured / Signature Personal 25 - 36 months 8.99%
Unsecured / Signature Personal
37 - 60 months 9.99%
Unsecured / Signature Personal
61 - 72 months 
(minimum loan amount is $20,000)
10.99%
 
Check our current competitive rates for personal loans. View Loan Rates











Disclosures

*APR = Annual Percentage Rate. Rates are subject to change without notice. Rates shown reflect available rate discounts. Each application is evaluated on an individual basis. Loan advances are granted based upon the applicant(s) credit history, ability to repay, purpose, stability and collateral.  Loan advances are not granted based upon method of repayment.  On variable rate loans, the Annual Percentage Rate (APR) for new advances and existing balances is based on an index which is the highest Prime Rate as published in the Money Rates section of The Wall Street Journal on the 15th day of the month for the preceding three months and is subject to change monthly. The index figure is posted in the lobby of each credit union office. 
1  Review current loan rates and terms. Rates are subject to change without notice. Rates shown reflect available rate discounts. Members Choice members can get up to 2.00% in rate discounts: .50% for an automatic loan payment transfer from an MCCU checking account, 1.00% for checking account direct deposit at the time of funding, .50% for a new or increased Credit Card. Limited time offer. No other discounts will apply. Other rates and terms are available.

If not currently a Members Choice member, a $5 deposit is needed to establish membership. All memberships are subject to approval including credit approval.