Personal Loans

Reach your goals faster with a personal loan.

Forest Area Federal Credit Union (FAFCU), offers a variety of personal loans. See which loan is right for you and apply now today!

Flexible Payments​

Online Loan Pay

Skip-a-pay

Credit Life & Credit Disability Insurance Options

Also known as Personal or Signature Loans, an Unsecured Loan allows members to borrow up to $20,000 without collateral. An unsecured loan with a fixed rate and term allows members to remain disciplined and pay the loan off within the set period — unlike a credit card. Additionally, the interest rate on an unsecured loan is lower than most credit card rates.

Please note, you must be 18 years or older to apply for a loan.

Perfect for members to establish or re-establish credit. Share or Share Certificate Secured Loans allow members to secure their own funds to establish a loan. The loan reports to the credit bureau to get the history they need to make the next step in their financial future.

Please note, you must be 18 years or older to apply for a loan.

An overdraft line of credit is a loan attached to your checking account that has a predetermined limit. If you run out of money, the line of credit covers expenses so that you do not bounce checks, miss payments, or have your debit card denied. Any money you use creates a loan, so you will pay interest on the amount you borrow. Overdraft lines of credit can make life’s mistakes less of a hassle. 

Please note, you must be 18 years or older to apply for a loan.

Payday Alternative Loans are a 6-month loan offered to our members. In an effort to reduce the use of expensive Pay Day lending Institutions and give them an alternative to Check Cashing facilities. This loan is geared toward those members who are already using payday lenders to get back on track with their financial future. Members can borrow from $200 to $1,000 with a maximum of 50% of their monthly income. Monthly payments are required.

Please note, you must be 18 years or older to apply for a loan.

Revolving lines of credit are a credit facility with a predetermined spending limit allowing members to spend up to that limit on an as needed basis. Unlike a standard loan that ends when the balance is paid off, revolving credit is available to use again as it is repaid so long as payments are made, and do not exceed the credit limit.

Please note, you must be 18 years or older to apply for a loan.

Not a Member?

We proudly serve members in Grand Traverse, Kalkaska, Antrim, Crawford, Missaukee, and Wexford counties who meet our member requirements.

See why more and more people are choosing FAFCU as their financial institution. Apply to be a member today! 

*Rate disclosed is annual percentage rate (APR).  Forest Area Federal Credit Union membership required. Offer subject to end without notice. Offer expires 8/31/19.