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 based 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 for a minimum of 1 month
• 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 $35.00 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.

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.