Mountain America Credit Union loans

A one-stop-shop for borrowing with flexible terms in the Mountain States.

Last updated:

Mountain America Credit Union

We value our editorial independence, basing our comparison results, content and reviews on objective analysis without bias. But we may receive compensation when you click links on our site. Learn more about how we make money from our partners.

Mountain America Credit Union (MACU) offers a wide range of loans for personal and business funding, from unsecured general-use loans to dirt bike financing. Many of its loans allow you to skip up to two repayments a year, making it one of the more flexible borrowing options out there.

But its loans don’t always have the most competitive rates. And you’ll have to meet its narrow membership requirements to qualify.

What types of loans does MACU offer?

You can find the following types of loans at MACU:

  • Personal loans. MACU offers unsecured personal loans up to $20,000 starting at 8.99% APR with terms up to five years. You can also borrow against your MACU CD or savings account.
  • Auto loans. New and used car loans as well as refinancing with fixed APRs starting at 3.24% and terms from three to six years.
  • RV, travel trailer and boat loans. Finance a new or used vehicle or apply for refinancing with fixed APRs starting at 5.49% and terms of 10 or 12 years.
  • ATV, utility, dirt bike, watercraft and snowmobile loans. New and used vehicle financing as well as refinancing with fixed APRs starting at 5.24% and terms from three to six years.
  • Student loans. Borrow between $10,000 and $40,000 to supplement federal aid, go to trade school or cover continuing education classes with variable APRs starting at 6%. Or refinance private loans with fixed APRs starting at 7.75%.
  • Short-term loans. A payday alternative loan (PAL) from $350 to $1,000 with a six-month term and rates fixed at 28% APR.
  • Business loans. Borrow between $10,000 and $50,000 with variable rates of 6% to 6.5% plus the prime rate. Business lines of credit and equipment financing are also available at different amounts and rates.
  • Home loans. MACU provides a wide range of mortgages, from FHA to lot and land loans. You can also apply for a home equity loan through this credit union.

Why should I consider taking out a loan with MACU

From its skip-a-pay program to its loyalty discount, here are a few perks of borrowing from MACU:

  • Skip-a-pay program. Most personal and auto loans come with the option to skip a payment up to two times every year for a $25 fee.
  • Coapplicants welcome. You can apply with a parent, spouse or another applicant to strengthen your application and share the responsibility.
  • Loyalty discount. You can get a 0.25% rate discount if you make repayments from your MACU MyStyle Checking Account.
  • Join after approval. You don’t have to become a member until after you get approved for your loan — most credit unions require you to apply for membership before or during the application.
  • Live-chat available. You can get answers to most questions without picking up the phone from 8:30 a.m. to 5:30 p.m. MT through its live-chat feature on its website.

Where does MACU fall short?

Consider these potential drawbacks before taking out a loan from MACU:

  • High starting rates. While MACU might not charge fees, its starting rates are higher than average — even compared to some online lenders. Rates are even less competitive if you don’t have a MACU checking account.
  • Limited availability. You won’t qualify for a loan with MACU if you don’t live in Idaho, New Mexico, Utah, Nevada or Arizona.
  • Few customer reviews. Only a handful of customers have left online reviews about their MACU experience — and what’s there isn’t inspiring.
  • Limited information available online. You won’t find much information about rates and eligibility requirements on MACU’s website — making it difficult to compare the credit union to other lenders out there.

How much will it cost me to borrow with MACU?

It depends on the type of loan you get. Most loans come with APRs that start slightly higher than average. The one exception is its short-term loan, which is much less expensive than a payday or installment loan.

MACU doesn’t charge any application or origination fees on most of its loans. The only fee you might end up paying is a $15 late fee if you miss a repayment. You can avoid this by signing up for the skip-a-pay program for a $25 fee — which won’t damage your credit.

What do borrowers say about MACU?

Barely anything, as of November 2019. It gets a C- rating from the Better Business Bureau (BBB) based on its failure to respond to a complaint against the business. It’s also not accredited by the BBB. But no customers have left reviews, and only four customers have left complaints. It only has one negative review on Trustpilot, giving it a meaningless rating of 3.2 out of 5 stars.

The details of most complaints aren’t available. One customer complained about the lack of bank account security, and another said they’d been charged more fees than expected on their credit card. None of the reviews mentioned loans.

Are MACU loans safe?

Generally, yes. MACU uses multiple layers of security features to protect your online information, such as encrypted online forms and security questions — though one customer complained that their account had been repeatedly hacked. It also has a page on its website with tips on how to make sure your information stays protected, such as avoiding free Wi-Fi networks and keeping your devices updated.

How to apply for a loan with MACU

MACU offers several different ways to apply for a loan. You can use its app, apply online, visit a branch or call its customer service line to get started.

Here are the steps you might follow online:

  1. Go to the MACU website.
  2. Click Loans in the main menu and select the type of loan you’d like to apply for.
  3. Click Apply online.
  4. Enter your email address and click Get Started.
  5. Answer questions about your membership eligibility and the type of loan you’d like to borrow. Click Continue.
  6. Review your answers and the disclosures. Click Submit.

Typically, a MACU representative will reach out to you in one to two business days with a decision. If approved, they’ll let you know the rates and terms you qualify for and provide instructions for completing the application. Depending on the loan, you might receive your funds as soon as the same day you sign your loan documents.

Eligibility requirements

Eligibility requirements vary depending on the type of loan you’re interested in. However, for all loans you’ll need to qualify for membership by meeting at least one of the following criteria:

  • Resident of an eligible county. You must live in Salt Lake, Duchesne or parts of Wasatch or Uintah counties to be eligible based on your residence.
  • Family member of a MACU member. This includes parents, children, siblings, spouses (including surviving spouses), siblings, grandparents, grandchildren, stepchildren, step-siblings, stepparents and any adoptive relationship.
  • Live with a MACU member. You can also qualify if you share an address with a MACU member, even if they’re not your relative.
  • Work or volunteer with an eligible organization. Find out if your employer qualifies on the MACU website.

You likely won’t meet these criteria unless you live in Arizona., Idaho, Nevada, New Mexico or Utah.

More about MACU

This Utah-based credit union first opened in 1936 during the height of the Great Depression. Since then, it’s grown to serve customers across the Mountain States. It’s also consistently given back to its community by supporting nonprofit and educational organizations.

Compare loan providers similar to MACU

Updated January 27th, 2020
Name Product Filter Values APR Min. Credit Score Max. Loan Amount
Credible Personal Loans
3.99% to 35.99%
Fair to excellent credit
Get personalized rates in minutes and then choose an offer from a selection of top online lenders.
Fiona Personal Loans
3.84% to 35.99%
Good to excellent credit
Get loan offers from multiple lenders at once without affecting your credit score.
Upgrade Personal Loans*
6.98% to 35.89%
Affordable loans with two simple repayment terms and no prepayment penalties.
Even Financial Personal Loans
3.84% to 35.99%
Get connected to competitive loan offers instantly from top online consumer lenders.
NetCredit Personal Loans
34% to 155% (Varies by state)
No minimum
Check eligibility in minutes and get a personalized quote without affecting your credit score.
Monevo Personal Loans
3.99% to 35.99%
Quickly compare multiple online lenders with competitive rates depending on your credit.
PenFed Credit Union Personal Loans
6.49% to 17.99%
With over 80 years of lending experience, this credit union offers personal loans for a variety of expenses.
LendingClub Personal Loan
6.95% to 35.89%
A peer-to-peer lender offering fair rates based on your credit score.
SoFi Personal Loan Fixed Rate (with Autopay)
5.99% to 20.01%
A highly-rated lender with competitive rates, high loan amounts and no fees.

Compare up to 4 providers

Updated January 27th, 2020
Name Product Min. Credit Score Max. Loan Amount APR
Credible Labs Inc. (Student Loan Platform)
Good to excellent credit
Varies by lender (typically, total certified costs of education minus financial aid already received)
Starting at 2.84% with autopay
Get prequalified rates from private lenders offering student loans with no origination or prepayment fees.
Edvisors Private Student Loan Marketplace
Varies by lender
Varies by lender
Varies by lender
Quickly compare private lenders for your school and apply for the right student loan.
EDvestinU Private Student Loans
4.51% to 9.26%
Straightforward student loans for undergraduate and graduate students.
CommonBond Private Student Loans
3.31% to 9.74%
Finance your college education through this lender with a strong social mission and terms that fit your budget.
LendingTree Student Loans
Good to excellent credit
Varies by lender
Starting at 3%
Compare multiple student loans and student loan refinancing options in one place.

Compare up to 4 providers

Updated January 27th, 2020
Name Product Filter Values Minimum credit score APR Loan term Requirements Car Loans
Varies by network lender
Varies by lender
Must be a US citizen with a current US address and employed full-time or have guaranteed fixed income.
Apply with a simple online application to get paired with a local auto lender. No credit and bad credit accepted.
SuperMoney Auto Purchase Loans Marketplace
Varies by lender
Varies by lender
Fair to excellent credit, an income source, US citizen or permanent resident, 18+ years old
Find an offer and get rates from competing lenders without affecting your credit score.
CarsDirect Auto Loans
Varies by network lender
Varies by network lender
Must provide proof of income, proof of residence, and proof of insurance.
Save time and effort with this lending service specializing in beginner-friendly or subprime car loan.
Auto Credit Express Car Loans
Varies by network lender
Varies by lender
Must be employed full-time or have guaranteed fixed income of at least $1,500/month and be a current resident of the US or Canada.
Get connected with an auto lender near you, even if you have bad credit.
Monevo Auto Loans
3.99% to 35.99%
3 months to 12 years
Credit score of 500+, legal US resident and ages 18+.
Quickly compare multiple online lenders with competitive rates depending on your credit.
LightStream Auto Loans
Good to excellent credit
2 to 7 years
Good or excellent credit, enough income or assets to afford a new loan, US citizen or permanent resident, 18+ years old
Quick car loans from $5,000 to $100,000 with competitive rates for borrowers with strong credit.
LendingTree Auto Loans
Good to excellent credit
Starting at 3.09%
Varies by lender
18+ years old, good to excellent credit, US citizen
Compare multiple financing options for auto refinance, new car purchase, used car purchase and lease buy out.

Compare up to 4 providers

Updated January 27th, 2020
Name Product Filter Values Min. Amount Max. Amount Requirements
LoanBuilder, A PayPal Service Business Loans
Annual business revenue of at least $42,000, at least 9 months in business, personal credit score of 550+.
Customizable loans with no origination fee for business owners in a hurry.
National Business Capital Business Loans
Your company must have been in business for at least 6 months and have an annual revenue of at least $100,000.
Get a large business loan to cover your financing needs, no matter what the purpose is.
OnDeck Small Business Loans
600+ personal credit score, 1+ years in business, $100,000+ annual revenue
A leading online business lender offering flexible financing at competitive fixed rates.
First Union Lending Unsecured Long-Term Business Loan
450+ credit score, 3+ months in business, $15,000+ monthly revenue, no open bankruptcies
Unsecured funding and more for all credit types.
Sheer Funding Business Loans
6+ months in business, 550+ credit score, $150,000+ annual revenue, eligible industry
Multiple financing options available for business owners with less-than-perfect credit scores.
Efundex long-term business loans
2+ years in business, 620+ credit score, not a sole proprietorship or nonprofit, strong financial history
Financing for high-risk industries with transparent rates and terms.
Kabbage Small Business Line of Credit
1+ years in business, $50,000+ annual revenue or $4,200+ monthly revenue over last 3 months
A simple, convenient online application could securely get the funds you need to grow your business.
LendingTree Business Loans
Varies by lender and type of financing
Varies by lender and type of financing
Varies by lender, but many require good personal credit, minimum annual revenue and minimum time in business
Multiple business financing options in one place including: small business loans, lines of credit, SBA loans, equipment financing and more.
Lendio Business Loan Marketplace
Must operate a business in the US or Canada, have a business bank account and have a personal credit score of 560+.
Submit one simple application to potentially get offers from a network of over 75 legit business lenders.

Compare up to 4 providers

Updated January 27th, 2020
Name Product Filter Values Max. Loan Amount Turnaround time Requirements
OppLoans Installment Loans
1 business day
Direct deposit, meet minimum income requirements
Comes with the option to change your due date so you won’t fall behind on repayments.
Check Into Cash Payday Loan
1 to 2 business days
Bank account, email address, phone number, US citizen or permanent resident, ages 21+
Plus, get access to check cashing, cell phone top ups, bill pay and more at one of its many storefronts.
Fast5kLoans Short-term Loans Connection Service
As soon as the next business day
Regular source of income, verifiable bank account, US citizen, ages 18+
Get connected with multiple lenders you might qualify with — even if you have bad credit.
CashNetUSA Loan
Varies by state
As fast as same business day
Regular source of income, bank account, US citizen or permanent resident, age of majority in your state
Sign up for its discount program to get access to coupons and deals on everything from dining out to tax services.
CashUSA Installment Loans
As fast as same business day
Regular source of income, bank account, US citizen or permanent resident, age of majority in your state
Explore its online education center to get tips on budgeting, how to prioritize your bills and more.

Compare up to 4 providers

Bottom line

MACU could be a good option if you’d like to keep all of your money in one place or are looking for flexible repayments. But its limited availability and high starting rates might make you want to look elsewhere.

You can find out how it compares to other providers by reading our guide to personal loans.

Frequently asked questions

Read more on this topic

Ask an Expert

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and Terms of Use.

Questions and responses on are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site