finder.com's rating: 3.8 / 5.0
- Best for borrowers looking for a small-dollar loan from a federal credit union.
- Pick something else if you have excellent credit — you can likely get lower rates elsewhere.
Consumers Credit Union's personal loans might be a good option if you need to borrow small amounts or want to apply with a cosigner. It's one of the few credit unions to offer membership to residents of all 50 states by paying a small $5 membership fee. And you don't need to be a member before applying.
However, its rates start a lot higher than the competition — even if it does offer a 0.5% autopay discount. And it requires five personal references — among several other documents — after submitting your application.
Not sold on Consumers Credit Union? Compare other options .
finder.com's rating: 3.8 / 5.0
|Min. Loan Amount||$500|
|APR||Starting at 11.99%|
|Interest Rate Type||Fixed|
|Min. credit score||700|
|Loan term||Up to 6 years|
|Customer service hours||9 a.m. – 5 p.m. CT, Monday through Thursday
9 a.m. – 6 p.m. CT, Fridays
9 a.m. – 1 p.m. CT, Saturdays
To qualify for a Signature Loan from Consumers Credit Union, you must meet a few basic requirements:
Consumers Credit Union might also consider other factors like your income and monthly debt obligations when you apply. For any personal loan, you’ll also need to show that you can afford repayments.
To become a member of Consumer Credit Union, you simply need to become a member of the Consumers Cooperative Association by paying a one-time $5 membership fee at the end of your loan application.
You can apply online by following these steps:
To make the application process quick, have the following information on hand:
After you submit your application, a Consumers Credit Union representative will get in touch within 24 hours to complete the process. At this point, they’ll ask you to provide proof of income, proof of residence, recent tax returns and five personal references.
Now that you have your loan, consider signing up for autopay. You’ll not only score a discount on your interest rate, but you won’t have to worry about getting slapped with a $29 late fee. Keep an eye on your loan balance and bank account. If you have questions, reach out to customer service at 877-275-2228.
To compare more lenders and learn how personal financing works, read our personal loans guide.
Consumers Credit Union personal loans is not currently available on Finder
Have you considered Best Egg personal loans?
Fast and easy personal loan application process. See options first without affecting your credit score.
Ask a question using your email below.Ask a question
You are about to post a question on finder.com:
finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. finder.com compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.