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Personal Installment Loans
Effective Date: 05/01/2025
| Minimum Amount | Term | APR* as low as |
|---|---|---|
| $100 | Up to 60 Months | 10.95% |
| Payment example: $5,000 loan with a 60 month term at 10.95% APR would be $108.59/month. *Annual Percentage Rate. Rate includes a .25% discount for direct deposit and may vary based on credit history. Please call the Credit Union for the most current rates and more details. Rates are subject to change at any time without notice. | ||
Revolving Credit: Access A Personal Loan Whenever You Need It
From do-it-yourself projects around the house to travel expenses, tuition and more, Michigan Educational Credit Union's Revolving Credit Personal Loan, with a rate as low as 9.95% APR*, is up to the task. Once approved for a credit limit, you can tap into this versatile loan at any time.
You can access your available Revolving Credit Personal Loan limit:
- Through Internet Home Banking
- Through Mobile Banking
- At any CO-OP Network ATM
- By contacting the Loan Department at any MECU office
To apply for a Revolving Credit Personal Loan, contact the Loan Department at any MECU office or
Revolving Credit
Effective Date: 05/01/2025
| Minimum Advance | Repayment | Minimum Payment | APR* |
|---|---|---|---|
| $50.00 | $30 per $1000 borrowed | $30.00 | 9.95% |
| * Annual Percentage Rate. Please call the Credit Union for the most current rates. Rates are subject to change at any time without notice. | |||