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Personal Loans & Lines of Credit

There are plenty of good reasons you might need financial assistance. Whether you're looking to consolidate debt, build your own start-up or planning a house renovation project, Parsons Federal Credit Union offers a range of options that can fit your needs.

Read these important instructions before applying.

To apply on your smartphone, click here. Otherwise, choose from the following loan products to apply from your desktop computer.

Debt Consolidation Loans

  • Borrow up to $30,000
  • Terms up to 60 months
  • Checks made payable to creditors

For complete costs, terms and details, feel free to contact a Parsons FCU Loan Officer at (800) 765-4527 or just click the button below to apply. 

Click here for current loan rates or use the loan payment calculator.

Apply Now

Signature Loans

A great alternative to high interest rate credit cards is a Parsons FCU Signature Loan. These loans do not require any collateral, and are a perfect choice for multiple purposes—from a family vacation, to consolidating higher rate loans. Features are:

  • Closed-end loan with a specific term
  • Terms up to 60 months
  • Borrow up to $30,000
  • No prepayment penalties

If you're a Parsons employee, you can even set up convenient payroll deductions to make your Signature Loan payments! For complete costs, terms and details, feel free to contact a Parsons FCU Loan Officer at (800) 765-4527 or just click the button below to apply.

Click here for current loan rates or use the loan payment calculator.

Apply Now

Personal Lines of Credit

  • Credit lines up to $30,000
  • Borrow up to your approved limit whenever the need arises
  • As you pay down your loan, you may take new advances—up to your limit
  • No monthly, annual or account "maintenance" fees
  • No interest is accrued until an advance is actually made

For complete terms and details, contact a Parsons FCU Loan Officer at (800) 765-4527 or just click the button below to apply.

See our rates or use the loan payment calculator.

Apply Now

Want to get a credit-limit increase on an existing Parsons FCU Personal Line of Credit? Speak to us to find out how.

Share Secured Loans

A Parsons Federal Credit Union Share Secured Loan lets you borrow at a low rate by using the balance in your savings account as collateral. Continue to earn dividends on the funds in your account.

  • Loan interest rate is 3% above the rate paid on shares used as collateral
  • The loan interest you pay is partially offset by the dividends your shares continue to earn
  • Regular Share or Fixed Rate Certificate Account deposits may be used to secure this loan
  • Maximum loan term is 60 months
  • Balloon payment may apply at the end of the loan term
  • At the end of the loan term, you'll still have your savings & dividends
  • ESOP, 401K and IRA funds are not eligible to be used as collateral

See our rates or use the loan payment calculator.

Apply Now

Immediate Need Loans

  • Borrow up to $1,000 for up to 12 months
  • Applicants must have established Direct Deposit to their Parsons FCU account of at least $500 per month
  • No credit history is required

Apply Now

Members may not receive more than two Immediate Need Loans per calendar year. See all of our rates and a payment example here.

 

Parsons Federal Credit Union is an Equal Opportunity Lender.

All loan requests are subject to applicable terms and conditions. For complete terms and conditions, please speak with a Loan Representative by calling (800) 765-4527. All loans subject to approval.

You can view all of our loan rates here.