Consumer Loans

 

Personal Loans—For Whatever You Need

Your life, your path, and your loan. Wherever your life is leading you and no matter what the situation, Rock Valley Credit Union has a loan to meet your needs. We’re not-for-profit, so we can beat other financial institutions’ rates on just about any loan, any time.

We offer flexible terms and great rates—and we make it easy and convenient to get access to the money you need to get the things you want. Choose from:

  • Secured loans – These loans require collateral and can be used to finance your car, boat, RV, or other expenses.
  • Unsecured Loans – These loans don’t require collateral and can be used for any expense. Choose from:
    • Personal Loans
    • Lines of Credit

Personal Loans

Choose a personal loan from Rock Valley and you can get approved without collateral—because your approval and interest rate are determined by your personal credit history. So whether you need extra cash for a large purchase, debt consolidation, or some other expense, a personal loan can help you.

With a Rock Valley personal loan, you’ll get:


Life $aver Loan

Strapped for Cash?  Stay afloat with a RVCU Life $aver Loan, an alternative to a Pay Day Loan.  Car needs new tires, have unexpected expenses?  This is the loan for you.

  • Must be a member for a minimum of 45 days
  • Minimum loan amount is $200.00; maximum loan amount is $700.00
  • Minimum term is 1 month; maximum term is 6 months
  • 28% APR
  • Discount to 25% APR with payroll deduction or direct deposit combined with periodic payment or ACH payment from another financial institution
  • One time processing fee of $20.00 will be charged

Crazy 8’s Loan

You don’t need good luck on your side to take advantage of our Crazy 8’s loan special. Whether you need a vacation, back to school supplies, Christmas gifts – it’s Crazy 8’s all the time!

  • 8% APR
  • $1800
  • Up to 18 months

Share Secured Loans

For individuals trying to re-establish credit. Funds in a savings account or share certificate are used as collateral or security on the loan.


Partially Secured Loans

A loan to help members establish or re-build credit.  The loan would be partially secured with the members' regular, secondary, vacation, money market shares or regular share certificate and would be for 50%over the secured deposit amount.  For example:  if you have $1,000 in a savings account, we will loan you $1,500.  As you make monthly payments your credit history is being reported to help build or re-build your credit. 


Overdraft Protection Loans

This line of credit is available with our checking accounts to provide that little extra cushion for unexpected overdrafts. Monthly payments are low, so it won't break your budget.


Start Now

To apply for a Personal Loan, or request an advance on your open-end credit plan, stop into one of our branches, call a Financial Services Representative or choose the appropriate online form:

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NCUA - Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government. National Credit Union Administration, a U.S. Government agency. Equal Housing Lender - We do business in accordance with the Fair Housing Law and Equal Opportunity Credit Act