Signature Loans

Banner Federal provides signature loans for all types of uses. Interest rates for these loans are based upon your credit experience. When you need cash for a vacation, unexpected expenses, or for any reason, we can help with a personal loan at a competitive rate. Signature loans can be as little as $200 or a large as $15,000 with qualifying credit history.

Personal Line of Credit (LOC)

If you have a specific need and dollar amount, a personal line of credit might fill the bill.  A line of credit can be used for overdraft protection on your Banner Federal checking account, or as a ready reserve when you need money on short notice. Generally, minimum monthly payments are determined base upon the rate of $3 per $100 of the outstanding amount borrowed at the time of the loan advance and can be as low as $30 per month.

Pay Day Stretcher Loan

Everyone has an occasional financial emergency. If you have a need for money for a short period of time, Banner Federal CU has a program designed to meet this important need.

Following, are the four primary qualifications you need in order to apply for a PayDay Stretcher Loan:

• Must be a member of the Credit Union
• Must be employed for a minimum of 6 months with current employer
• Must provide current verification of employment
• Must provide a current paycheck stub

Additional details about the PayDay Stretcher Loan:

• Loans of $200.00 to $500.00 available.
• A $20.00 Non-refundable application fee will be collected at the time of application.
• Maximum 4 PayDay Stretcher loans per year.
• A PayDay Stretcher loan must be paid in full for at least 30 days before you are considered eligible to apply for another one.

The non-refundable application fee will be increasing to $30.00 effective August 2, 2010

If you meet the above qualifications and wish to apply, please contact the credit union and speak to a Loan Representative to get the full details of the PayDay Stretcher Loan program.