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Personal Loan Comparison

Compare our personal loan options to find out which one is best for you and your borrowing needs.

Personal Line of Credit (PLOC) Personal Loans VISA® Credit Card
Description A Personal Line of Credit is an open ended loan, which means you can continuously access funds and you pay interest only on the funds you use. With a personal loan, you will receive a specified amount of money to be paid back in installments. You have a set monthly payment which includes principal and interest. Our VISA® Credit Cards offer three great options, Travel & Gift Rewards, CashBack Rewards and Rate Card. You must pay a minimum amount each month which includes interest.
Usage A personal line of credit is a good option if you need to borrow money incrementally for things like home improvement projects, holiday shopping, big ticket items and emergencies. You can use a personal loan to consolidate credit card debt, take a vacation or purchase an older model vehicle. A credit card is used for everyday purchases as needed, such as gas, groceries and dining out.
Rate Prime + 3%, Prime + 5%, Prime + 9%* Prime is based on Wall Street Journal and creditworthiness
Example: A 750 credit score would receive a rate of prime+3%, If the prime rate is 4.75%, then the rate would be 7.75%
9.00% – 18.00%* Based on term and creditworthiness 7.99% – 15.99% Based on program and creditworthiness
Fixed/Variable Variable Rate Can change monthly based on Wall Street Prime Rate Fixed Rate Non-Variable Rate Non-Variable rate, subject to change at the discretion of the Credit Union pricing committee. Could also change each year based on annual credit review.
Loan Amounts Up to $10,000 Up to $15,000 Up to $25,000
Automatic Payments Required for 0.50% rate discount Required for MoneyStrong and for 0.50% Rate Discount Not Required
How to access funds Transfer from PLOC to Checking or Savings Account or withdraw funds at a branch Funds will be deposited to Checking or Savings Account or a check will be generated Use credit card to access available funds

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Stated rates are .50% higher without automatic payment.