Consumer Loans

Print this page
Consumer Loans

A loan to fit every need

Get started by applying online


The consumer loans we offer include: Balance TransferPersonal, Vacation, Share Secured, Certificate Secured, Holiday, and Cash Draw.

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

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

Balance Transfer

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.


Terms

  • Maximum loan amount:  $30,000
  • Minimum loan amount:  $1,500
  • Term:  60 months
  • 5% of loan value may be 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*

    *Balance Transfer loans cannot be used to pay off existing ActorsFCU loans, business credit accounts, judgment accounts, charged-off accounts, or collection accounts.

 

Apply now for a balance transfer loan
 


Personal 

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

  • The ideal loan for projects big or small
  • Special arrangements for income taxes due and cosmetic procedures   
  • Minimum loan amount: $500
  • Maximum loan amount: $10,000
  • Rates dependent upon creditworthiness and underwriting guidelines
     

Apply now for a personal loan

 


Vacation

Take a break with an ActorsFCU Vacation Loan.

Terms

  • Maximum loan amount: $5,000
  • Rate dependent upon creditworthiness and underwriting guidelines
  • 10% of loan value may be required in Savings Account
     

Apply now for a vacation loan

 


Cash Draw

Even though you do your best to manage your finances, unexpected things happen. Avoid bouncing a check or having items returned with our Cash Draw line of credit. 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 $10,000
  • 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: $10,000
  • Must be a member in good standing
  • Line of credit can be used as needed or as overdraft protection
     

Apply now for a cash draw line of credit


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)

Apply now for a share secured loan
 


Certificate Secured

With a Certificate-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!

Member may borrow up to 80% of the available funds.
 

Apply now for a certificate secured loan

 


Holiday

Sometimes holiday magic needs a little help! Borrow up to $2,500 for holiday expenses.

 

  • 12-month repayment period - no penalty for early pay-offs

  • Holiday Loans are available from $500 up to $2,500. 

  • Applications accepted from November 1st to December 31st

Personal Loan

*Rates shown offered to members meeting select credit criteria, including -.25% discount for Autopay. Other rates and terms available based on creditworthiness. Rates as low as:
Term Rate (APR)
1-Year 10.24%
2-Year 10.49%
3-Year 10.74%
4-Year 10.99%
5-Year 11.24%

Balance Transfer Loan

*Rates shown offered to members meeting select credit criteria, including -.25% discount for Autopay. Other rates and terms available based on creditworthiness. Rates as low as:
Term Rate (APR)
1-Year 10.24%
2-Year 10.49%
3-Year 10.74%
4-Year 10.99%
5-Year 11.24%

Cash Draw

Term Rate (APR)
Open-Ended 8.99%

Share-Secured Loan

*Rates shown offered to members meeting select credit criteria, including -.25% discount for Autopay. Other rates and terms available based on creditworthiness. Rates as low as:
Term Rate (APR)
3-Year  
4-Year as low as 3.65% above Share Account rate 
5-Year  

 

Certificate-Secured Loan

*Rates shown offered to members meeting select credit criteria, including -.25% discount for Autopay. Other rates and terms available based on creditworthiness. Rates as low as:

Term

Rate (APR)
3-Year  
4-Year as low as 3.65% above High-Yield Certificate rate
5-Year  

Vacation Loan

*Rates shown offered to members meeting select credit criteria, including -.25% discount for Autopay. Other rates and terms available based on creditworthiness. Rates as low as:

 

Term Rate (APR)
1-Year 10.24%

 

Holiday

*Rates shown offered to members meeting select credit criteria, including -.25% discount for Autopay. Other rates and terms available based on creditworthiness. Rates as low as:

 

Term Rate (APR)
1-Year 10.24%

 

APR = Annual Percentage Rate

Rates and terms subject to change without notice. As of 10/07/2024