Consumer Loans - Actors FCU
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Consumer Loans

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Consumer Loans

A Loan Option
for Every Need. 

Computers, vacations, income taxes,
balances transfers...all for you.

 

The consumer loans we offer include: Personal Loan, Balance TransferBodyCash DrawComputer LoanIncome TaxShare SecuredVacation, Fast Ca$h.

Have loan payments automatically deducted from your Power Checking Account and save on interest charges. Your interest will be lowered by 0.25% from our basic rate (Mortgages, Home Equity Loans, Balance Transfer Loans, and credit cards excluded). 

Rates are subject to change without notice. An ActorsFCU Savings (Share) Account is required and must be opened before application can be processed.

Balance Transfer Loans

If you’re looking to pay off your high-rate credit cards from other institutions, our Balance Transfer Loan is just the thing. It’s not a credit card — it’s a loan with great rates. Low 6-month introductory rate followed by a great low fixed rate.


Terms

  • Maximum loan amount:  $30,000
  • Minimum loan amount:  $1,500
  • Term:  60 months
  • 5% of loan value required in Savings Account
  • All checks are cut directly to the creditors; copy of current statement required
  • Can be used to pay any current consumer debt accounts (no collection, charged-off, or judgment accounts)

 

 


Personal Loan

If ‘find more money’ is on your ‘to do’ list, you can check it off now — with an ActorsFCU Personal Loan.

Terms

  • Maximum loan amount: $10,000
  • Loan value required in Savings Account as low as 5%  (value required based on credit score)
  • Rates dependent upon financing term selected (check Rates for current rates)
  • New accounts: 30-day waiting period before applying
     

 


Body Image

If you need a nip, a tuck, or to brighten that smile, an Actors Body Image Loan is for you!

Terms

  • Maximum loan amount: $10,000
  • 5-year maximum term
  • Rate dependent upon financing term selected
  • 10% of loan value required in Savings Account
  • All checks are cut directly to the doctor or facility; copy of invoice required
  • Valid for most cosmetic procedures
  • New accounts: 30-day waiting period before applying
     


 


Cash Draw

Even though you do your best to manage your finances, unexpected things happen. Avoid bouncing a check or having items returned with Cash Draw. As long as you have the credit available, Cash Draw will make transfers to your Power Checking Account to cover insufficient funds.

  • Revolving line of credit granted from $500 to $5,000
  • Automatic transfers from your Cash Draw to your Power Checking Account to cover overdrafts
  • No fees
  • No cost if you don’t use it
  • Transfer funds yourself through eBranch or TouchTone Teller

Terms

  • Maximum credit line: $5,000
  • Must be member in good standing
  • Line of credit can also be used for overdraft protection
     


 


Computer Loan

Upgrade your computer or get a laptop-to-go for school with our great Computer Loan rates.

 Terms

  • Maximum loan amount: $5,000
  • 5-year maximum term
  • 10% of loan value required in Savings Account
  • Rate dependent upon financing term selected (check Rates for current rates)
  • New accounts: 30-day waiting period before applying
     


 


Income Tax

Terms

  • Maximum loan amount: $10,000
  • 5-year maximum term
  • Loan is for current year’s taxes only, not for back taxes
  • 10% of loan value required in Savings Account
  • All checks cut directly to the tax agency (State and/or Federal)

New accounts: 30-day waiting period before applying



 


Share Secured

Build or restore your credit with a Share Secured Loan.

Terms

  • Fully secured by funds in your Savings Account
  • 5-year maximum term

Rate dependent upon financing term selected (check Rates for current rates)



 


CD Secured

With a CD-secured loan, your money continues to earn for you and you get a little extra cash to take care of unexpected expenses — like that Caribbean vacation!
 


 


Vacation

Take a break with an ActorsFCU Vacation Loan.

Terms

  • Maximum loan amount: $5,000
  • 5-year maximum term
  • Rate dependent upon financing term selected (check Rates for current rates)
  • 10% of loan value required in Savings Account

New accounts: 30-day waiting period before applying


Fast Ca$h

When you need cash fast!

Terms

  • Maximum loan amount: $750
  • Maximum term: 6 months
  • Fixed rate: 15%
  • ActorsFCU member for at least 6 months, in good standing, with no derogatory items
  • No more than 2 applications within a 12-month period
  • Automatic payment deduction from ActorsFCU account required
  • Copy of 2 current paystubs required
  • No hard credit pull

 

Personal Loan

Term Rate (APR)
1-Year 4.40%
2-Year 5.40%
3-Year 6.40%
4-Year 7.40%
5-Year 8.40%

Balance Transfer Loan

Term Rate (APR)
2.9% intro rate
first six months

8.9% thereafter

Body Image Loan

Term Rate (APR)
3-Year 8%
4-Year 9%
5-Year 10%

Cash Draw

Term Rate (APR)
Open-Ended 14.9%

Computer Loan

Term Rate (APR)
3-Year 6.40%
4-Year 7.40%
5-Year 8.40%

Income Tax Loan

Term Rate (APR)
1–5 Year Prime Rate + 2.5% adjustable rate

Share-Secured Loan

Term Rate (APR)
3-Year 3.90%
4-Year 4.90%
5-Year 5.90%

CD-Secured Loan

Term Rate (APR)
3-Year  
4-Year 2.9% above High-Yield CD rate
5-Year  

Vacation Loan

Term Rate (APR)
3-Year 6.40%
4-Year 7.40%
5-Year 8.40%

APR = Annual Percentage Rate

Fast Ca$h

Term Rate (APR)
6 months 15%
   
Rates and terms subject to change without notice. As of 09/07/2022