The consumer loans we offer include: Balance Transfer, Fast Ca$h, Personal, Vacation, Share Secured, Certificate Secured, Cash Draw, Income Tax, Holiday, and Body Image.
Have loan payments automatically deducted from your Power Checking Account and save on interest charges. Your interest will be lowered by 0.25% from our basic rate (Mortgages, Home Equity Loans, Balance Transfer Loans, Fast Ca$h 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 $10,000
- All checks are cut directly to the creditors; copy of current statement required
- Can be used to pay any current consumer debt accounts*
*Balance Transfer loans cannot be used to pay off existing ActorsFCU loans, business credit accounts, judgment accounts, charged-off accounts, or collection accounts.
Fast Ca$h
When you need cash fast!
Terms
- Maximum loan amount: $750
- Maximum term: 6 months
- Fixed rate: 15%
- ActorsFCU member for at least 6 months, in good standing, with no derogatory items
- No more than 2 applications within a 12-month period
- Automatic payment deduction from ActorsFCU account required
- Copy of 2 current paystubs required
- No hard credit pull
Personal
If ‘find more money’ is on your ‘to do’ list, you can check it off now — with an ActorsFCU Personal Loan.
- Maximum loan amount: $10,000
- Rates dependent upon creditworthiness and underwriting guidelines
- 30-day waiting period before applying
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
New accounts: 30-day waiting period before applying
Cash Draw
Even though you do your best to manage your finances, unexpected things happen. Avoid bouncing a check or having items returned with Cash Draw. 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 $5,000
- 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: $5,000
- Must be member in good standing
- Line of credit can also be used for overdraft protection
Income Tax
Terms
- Maximum loan amount: $10,000
- 5-year maximum term
- Loan is for current year’s taxes only, not for back taxes
- 10% of loan value may be required in Savings Account
- All checks cut directly to the tax agency (State and/or Federal)
New accounts: 30-day waiting period before applying
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
A little extra help this holiday season — with an ActorsFCU Holiday Loan.
Available October 1st - December 31st
Terms
- Maximum loan amount: $2,500
- 1-year repayment term
- Deferred payment option; no payments required until 2020.
- 5% of loan value may be frozen in Savings Account
Body Image
If you need a nip, a tuck, or to brighten that smile, an Actors Body Image Loan is for you!
Terms
- Maximum loan amount: $10,000
- 5-year maximum term
- Rate dependent upon creditworthiness and underwriting guidelines
- 10% of loan value may be required in Savings Account
- All checks are cut directly to the doctor or facility; copy of invoice required
- Valid for most cosmetic procedures
- New accounts: 30-day waiting period before applying