What is the Innovation Federal Credit Union Member Rewards program?

The Member Rewards program pays cash dividends to credit union members for doing more of their banking with Innovation. By taking out a personal loan or line of credit with Innovation Federal Credit Union, you'll be able to earn cash dividends.

Will I need to undergo a credit check to apply for an Innovation Credit Union loan?

Yes. You will need to complete a credit check as part of the application process for a personal loan or line of credit.

Should I choose a secured or an unsecured line of credit?

There are pros and cons to each option. Offering an asset such as your home or investments as collateral can help you qualify for a higher credit limit and a lower interest rate, while the benefit of an unsecured line of credit is that you don't have to risk losing your assets if you fail to make on-time payments. Consider your personal financial situation carefully before deciding which option is right for you.