The consumer loans we offer include: Balance Transfer, Personal, Vacation, Share Secured, Certificate Secured, Holiday, and Cash Draw.
Have loan payments automatically deducted from your Power Checking Account and save on interest charges. Your interest will be lowered by 0.25% from our basic rate (Mortgages, Home Equity Loans, Balance Transfer Loans, Fast Cash Loans, and credit cards excluded).
Rates are subject to change without notice. An ActorsFCU Savings (Share) Account is required and must be opened before an application can be processed.
Balance Transfer
If you’re looking to pay off your high-rate credit cards from other institutions, our Balance Transfer Loan is just the thing. It’s not a credit card — it’s a loan with great rates.
Terms
- Maximum loan amount: $30,000
- Minimum loan amount: $1,500
- Term: 60 months
- 5% of loan value may be required in Savings Account
- Automatic payments will be required for any loan above $10,000
- All checks are cut directly to the creditors; copy of current statement required
- Can be used to pay any current consumer debt accounts*
*Balance Transfer loans cannot be used to pay off existing ActorsFCU loans, business credit accounts, judgment accounts, charged-off accounts, or collection accounts.
Personal
If "find more money" is on your ‘to do’ list, you can check it off now — with an ActorsFCU Personal Loan.
- The ideal loan for projects big or small
- Special arrangements for income taxes due and cosmetic procedures
- Minimum loan amount: $500
- Maximum loan amount: $10,000
- Rates dependent upon creditworthiness and underwriting guidelines
Vacation
Take a break with an ActorsFCU Vacation Loan.
Terms
- Maximum loan amount: $5,000
- 5-year maximum term
- Rate dependent upon creditworthiness and underwriting guidelines
- 10% of loan value may be required in Savings Account
Cash Draw
Even though you do your best to manage your finances, unexpected things happen. Avoid bouncing a check or having items returned with our Cash Draw line of credit. As long as you have the credit available, Cash Draw will make transfers to your Power Checking Account to cover insufficient funds.
- Revolving line of credit granted from $500 to $10,000
- Automatic transfers from your Cash Draw to your Power Checking Account to cover overdrafts
- No fees
- No cost if you don’t use it
- Transfer funds yourself through eBranch or TouchTone Teller
Terms
- Maximum credit line: $10,000
- Must be a member in good standing
- Line of credit can be as needed or as overdraft protection
Share Secured
Build or restore your credit with a Share Secured Loan.
Terms
- Fully secured by funds in your Savings Account
- 5-year maximum term
- May borrow up to 80% of the available funds
Rate dependent upon financing term selected (check Rates for current rates)
Certificate Secured
With a Certificate-Secured loan, your money continues to earn for you and you get a little extra cash to take care of unexpected expenses — like that Caribbean vacation!
Member may borrow up to 80% of the available funds.
Holiday
Sometimes holiday magic needs a little help! Borrow up to $2,500 for holiday expenses.
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Open to applicants with all types of credit histories
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12-month repayment period - no penalty for early pay-offs
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Holiday Loans are available from $500 up to $2,500.
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Applications accepted from 11/1 to 12/31