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Personal loans

We will not approve or deny a loan based on your credit score.

Credit scores are inherently biased against BIPOC borrowers due to a history of economic racism.

If you have had credit issues in the past, want to refinance a high-interest or predatory loan, or simply want to support economic justice, we want to work with you.

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"Alternatives helped me get funds quickly when I needed them. The people at Alternatives were ready to help me at every stage and made me feel confident about the process."

Rates

Rates are subject to change, please contact us for current rates.

Signature Loan

Car repair, medical debt, veterinary bills, home repair, school supplies — there are many reasons for getting a loan. That is why we design each personal loan with you in mind.*

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Details

  • Competitive fixed rates for a wide range of personal needs
  • Loan amounts of up to $20,000
  • Flexible terms of up to 5 years
  • Monthly payments that fit your budget
  • Local decision-making and processing
  • Expert lenders to guide you
  • Detailed, attentive service from start to finish
  • For a $5000 loan for a term of 5 years with a 9.24% APR, the monthly payment will be $104.19

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*All loans subject to approval.

Energy Efficiency/Solar Loan

Use your home's equity as collateral to secure financing for energy-saving improvements to your house.

Line of Credit/Overdraft Protection

A revolving line of credit that provides overdraft protection coverage for checks, debit, and electronic transactions in the case of insufficient funds in your checking account.*

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Details

  • Convenient overdraft protection acts as an emergency line of credit
  • Alternative to costly NSF fees
  • Competitive rate
  • Accommodating payments to fit your budget
  • Only pay interest on portion you use
  • Revolving credit — as principal is repaid, more becomes available for use
  • Leaves savings intact
  • No collateral needed
  • Rate is 14.25% fixed, no minimum, transaction, activity or similar charge that is a finance charge, no membership or participation fee

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*All loans subject to approval.

Share Secured Loans

Members of Alternatives FCU can use their share savings funds as collateral to lock in low-rate financing.*

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Details

  • Borrowers use their funds or loan funds to secure a loan at a low rate
  • Funds are released when the loan has been satisfied
  • Excellent way to improve your credit score
  • Local decision-making and processing
  • Experienced lenders to guide you
  • Detailed, attentive service from start to finish
  • For a $2000 loan for a term of 36 months with a 2.65% APR, the monthly payment will be $57.83

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*All loans subject to approval.

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Get affordable financing for almost any need.

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