Credit union loan
Cards & borrowingA loan offered by a member-owned credit union.
Overview
Credit unions often offer smaller loans with fair rates.
Eligibility usually depends on membership and local criteria.
Why it matters
- It can provide a safer alternative to high-cost credit.
- It can help build credit history if reported.
- It may have more flexible terms.
FAQs
Do credit union loans affect my credit score?
Yes, if the loan is reported to credit agencies.
Are credit union loans easier to get?
They can be more flexible, but approval still depends on affordability.
Related terms
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