Eligibility for any personal loan is based on your credit history and loan approval guidelines.
If you need cash to help a family member, take a vacation, purchase a new appliance, make home improvements, or pay medical or other expenses, then consider a personal loan from GCCU. Whatever your needs may be, contact one of our loan officers here so that we can help you find your way.
Use your savings or term certificate account as collateral for a share secured loan. You can borrow up to 100 percent of the amount you have on deposit at the credit union at a discounted interest rate. Funds used as collateral will not be available for withdrawals by the member while being held as collateral. The amount not used as collateral will be available and can be accessed whenever you need it – without penalty. More importantly, funds secured for the Share Secured Loan continue to earn a dividend during the term of the loan.
Do you have damaged credit or no credit and want to rebuild or start creating a credit history? This secured loan allows you to build a positive credit history and improve your credit rating over time. Once approved for this loan, GCCU will hold the loan funds until after the loan has been repaid in full. When you repay the loan, we will release the full amount of the loan plus all dividends earned. We will also file a positive loan payment report with the credit reporting agency. Plus, members who successfully repay the Fresh Start Loan are able to borrow more money in the future.
Do you need more cash than you can get from our signature loan program? You should consider our Signature Loan with Collateral Program. By using a vehicle with equity you can get up to the equity value of the vehicle at an affordable rate. Talk with one of our loan officers for more information.
The holiday season is fast approaching and you don’t have enough cash? Consider talking to one of our loan officers about our holiday loan program. The holiday loan program runs from October through December. Maximum loan amounts up to $2,000 with approved credit.