Unsecured & Other Loans

Personal & Home Improvement

These fixed-rate, unsecured loans are designed for members with good or even less than perfect credit histories. You may take a personal loan for any of the following purposes:

Payoff high rate loans or credit cards
Perform home improvements or repairs
Pay for vacation expenses
Repair or upgrade your vehicle
Any other purpose

Those with good credit and finances will receive our lowest interest rate, but loans are also available to those with little or no established credit history. The maximum loan may be as high as 18% of your annual income, based on your credit. The maximum loan available is $25,000; the minimum loan required is only $300. Repayment terms of up to 60 months are available (depending on the loan amount). There are no application fees or pre-payment penalties. If you apply online you will receive a 0.10% rate discount (subject to our minimum rates).

Tuition & Computer

We offer short-term Education and Computer loans.

Rates are 1% lower than our personal loan rates
Maximum loan of up to $3,000, minimum loan $500.
Repayment terms up to 18-months
¼% rate discount for automatic payment
Repay by convenient payroll deductions, automatic account transfer, or by mail

To qualify for this special loan, you must use the proceeds for one of the following:

Payment for grade/middle/high school, trade school or college courses or expenses including tuition, books, miscellaneous school supplies & registration fees.
Purchase of a desktop or laptop computer, tablet, or other peripheral (excluding phones & game consoles).

Restrictions apply. Provide something in writing to confirm the purpose of the loan (such as a school bill, ad for a computer item, etc.) Funds are given directly to you.

Credit Builder

Have little or no established credit?

We offer personal loans even if you don’t have a credit score.

Getting an established credit record and a good credit score will help you take the next step in getting a credit card, a vehicle loan, and eventually a home mortgage.

Your credit record can also affect your ability to get certain jobs and your rates for auto or homeowners insurance policies.

Questions? Contact a Loan Specialist at 800-410-0501 or at loans@lmfcu.org.

Rediline Overdraft Line of Credit

A Rediline Checking Overdraft Loan is an overdraft line of credit that is tied to your LM Federal Checking Account. Funds are advanced in $100.00 increments and are automatically transferred to your Checking Account when an overdraft occurs. The maximum line available is $5,000 and the minimum payment is the greater of $25 or 4% of the end-of-month loan balance. There is no annual fee. A small convenience fee is charged when automatic overdraft transfers are performed.