Other Loans
Diverse Lending Solutions for Every Need
At Public Service Credit Union, we understand that different financial goals require different lending solutions. From loans secured by your valuable assets to simple signature loans, we've got you covered.
Untitled Collateral Loans
Unlock Cash with Your Valuable Assets
Need cash fast? Your valuable possessions could be the key. Our Untitled Collateral Loans offer a flexible financing solution backed by your assets.
How it Works:
Secure Your Loan: Use items like jewelry, equipment, or other valuable possessions as collateral.
Assessed Value: In most cases, our loan officer will determine an assessed value based on comparable equipment/items. You may provide any information to support a value. In some cases (such as with jewelry), the loan officer may request a professional appraisal if the value cannot be readily determined.
Loan Approval: Our loan officer and credit committee will review your application based on the value and your creditworthiness.
Access Your Funds: Once approved, you'll receive your loan funds quickly.
Key Benefits:
Competitive Rates: Enjoy lower interest rates compared to unsecured loans.
Flexible Terms: Choose a repayment plan that suits your budget up to a seven-year term.
Quick Approval Process: Get the funds you need when you need them.
Important Considerations:
Your collateral must have a valid appraisal or assessed value.
Your collateral must be insured (or insurable).
Loan approval is subject to the discretion of our loan officer and credit committee.
Share Secured Loans
Leverage Your Savings for Bigger Opportunities
A Share Secured Loan allows you to borrow against the value of your shares in the credit union. It's a smart way to access funds while keeping your savings intact.
How It Works:
Use Your Shares as Collateral: Your shares serve as security for the loan.
Competitive Rates: Enjoy lower interest rates compared to traditional loans.
Flexible Terms: Choose a repayment plan that fits your needs.
Quick Approval Process: Get the funds you need fast.
Benefits of a Share Secured Loan:
Preserve Your Savings: Your shares remain in your account, earning dividends.
Build Credit: Making timely payments can help improve your credit score.
Versatile Use: Use the loan for anything from home improvements to debt consolidation.
Signature Loans
Flexible Financing Without Collateral
Our Signature Loan might be the perfect solution. This unsecured loan is based solely on your creditworthiness, making it a convenient option for unexpected expenses or short-term financial goals.
How it Works:
Simple Application: Apply online or at the credit union.
Quick Approval: We'll review your application and promptly notify you of the decision.
Flexible Terms: Choose a repayment plan that fits your budget.
Key Features:
Unsecured Loan: No collateral required.
Fixed Term: Clear repayment schedule with consistent payments.
Up to $5,000: Borrow the amount you need.
Important to Know:
Membership eligibility and credit approval apply.
Members with an active Kwik Cash line of credit are ineligible.
