Personal Loans in Waco, Texas

Waco Personal Loans at 1st University Credit Union

WHAT IS A PERSONAL LOAN?

Personal Loans — you may know them as Unsecured Loans or Signature Loans — do not require collateral. Personal Loans are made in good faith, with the expectation that the money will be paid back in accordance with the terms and conditions of the loan. Personal Loans are great resources for financing those life events, both expected and unexpected, that require more cash than you have available at the time it is needed. 

Whether you’re booking a wedding venue, planning a vacation at the beach, or in need of car repairs, apply for a Personal Loan from 1st University Credit Union at a competitive rate and with a great payment schedule.

Is a Personal Loan a better option than a credit card?

Carrying a balance on a high-interest credit card is not something we recommend. This means, we consider a Personal Loan to be the clear winner when you are financing your high-dollar purchases such as overhauling your landscaping, paying for those back-to-school expenses, or taking on a small home renovation project. 

Our Waco Personal Loans come with a competitive interest rate and payment term — making a Personal Loan from 1st University Credit Union the better option over carrying a balance on a high-interest credit card.

Is A Share-Secured personal loan right for you?

If you have a substantial balance in your savings account or CD account, but would rather not spend it, a Personal Loan that is secured by the money you have in your account may be exactly what is right for you. With flexible terms and a low rate, securing your Personal Loan with money you have on hand, may prove to be the best option.

Want to find out how much loan you can afford to borrow? 

Calculate just how much you may want to borrow with a Personal Loan using our loan calculator.

Popular Uses for Personal Loans

• Debt Consolidation: Combining multiple high-interest debts into a single loan with a lower interest rate.

• Home Improvement: Funding renovations or repairs to enhance the value of a home.

• Medical Expenses: Covering unexpected medical bills or elective procedures not fully covered by insurance.

• Education Expenses: Paying for tuition, books, or other educational costs.

• Emergency Expenses: Dealing with unexpected events such as car repairs, home repairs, or other urgent needs.

• Vacation or Travel: Funding a special trip or vacation that may not be affordable with regular income.

• Wedding Expenses: Covering the costs associated with a wedding, including venue, catering, and other related expenses.

• Car Purchase: Financing the purchase of a new or used vehicle.

• Business Expenses: Supporting small business owners with capital for operational needs or expansion.

• Special Events: Celebrating milestones like anniversaries, birthdays, or other significant life events.

• Moving Costs: Covering expenses related to relocating, such as hiring movers or securing temporary housing.

• Consolidation of High-Interest Credit Card Debt: Paying off high-interest credit card debt with a lower-interest personal loan.

• Legal Expenses: Covering unexpected legal fees or court costs.

JOIN THE 1ST UNIVERSITY CREDIT UNION FAMILY FOR YOUR WACO PERSONAL LOAN

You can become a member of 1st University Credit Union by opening and depositing $5.00 or more into a share savings account. $5.00 is the minimum balance that you must maintain in your account while it is open. Once your share account is open, you are eligible for all other credit union services.

How to Become a Member

Membership is open to anyone. Typically, our current members include:

• People who live, work, or worship in the Waco, Texas area

• Baylor University Students, Employees, Alumni, and members of the Baylor Air Force ROTC

• Aramark Employees

• People who work or reside in Baylor-owned properties

• Relatives of current 1st UCU members

• Baylor Alumni by Choice - members of this association are friends of BU, but not traditional alumni

A 1st University Credit Union membership is for life, no matter if there is a change in employment, family relationship, or place of residence. 

Ready to get started? Click on the button to open your account online, visit your local branch, give us a call, or request to talk to a representative who can help answer your questions!