Whether you are planning home improvements or consolidating loans, LBS Financial Credit Union offers personal loans to meet your goals.
Need money for an upcoming expense? Use your Credit Union relationship and good credit history to get a fixed rate unsecured loan for up to $15,000. With repayment terms of up to 5 years, this is a very convenient way to borrow.
Share and Certificate Loans
Use the money you already have on deposit at LBS Financial as collateral.
You need not qualify for this type of loan, and there are no credit reports or income verification required.
You are, in essence, borrowing your own money. This is a great way to keep your money working for you.
- Regular Share Secured - funds can be secured from one or more accounts and can be repaid in one lump sum in one year from borrowing (up to 90% of unencumbered shares) or you may make monthly payments for up to a 5 year repayment period (up to 90% of unencumbered shares).
- Share Certificate - funds can be secured by up to 90% of the principal value of a member's share certificate. The term of the loan is determined by the maturity date of the certificate—the loan comes due at the same time the certificate matures.