When you're facing a large project or expense and need to borrow money, consider our Freedom One personal loan.
- Terms up to 72 months1
- Borrow between $500 and $35,000
- Receive funds as a lump sum deposited into your Savings or Checking account for easy access
If you have a large expense or project in the works but aren't sure how much money you need, or want to build a safety net in case you overdraw your Credit Union ONE Checking account, our Freedom Access personal line of credit can be the answer.
- Borrow between $500 and $10,0002
- Transfer funds through Online Banking to your Credit Union ONE account for quick, anytime access
- Pay interest only on the money you use
Qualification for Credit Union ONE's EZ Access loan is based on your employment at one of our partner hospitals, and you'll get access to a $1,000 loan that can be renewed every year without cumbersome paperwork
- $1,000 loan limit*
- Open-ended, 12-month loan3
- Can be reused for future $1,000 advances, once paid off
- Access funds every year without needing to reapply
1 APR=Annual Percentage Rate. Actual rate offered is based on credit worthiness factors. Approximate monthly payment would be $32.03 per $1000 borrowed at 8.99% for 36 months. Other conditions may apply. Rates subject to change.
2 APR=Annual Percentage Rate. Variable rate subject to change monthly based on the prime rate as published in the Wall Street Journal plus a margin. Actual rate offered is based on overall creditworthiness factors. Interest begins to accrue when you access the funds. Floor APR is 6% and the maximum APR is 18%. Other conditions may apply. Rates subject to change.
3 Available to employees of or those employed at hospitals, facilities, and affiliates of the Detroit Medical Center, Beaumont Health, St. Joseph Mercy Health System, Spectrum Health and Munson Healthcare.Subject to eligibility verification.
‡ Credit limit offered will be $1,000 on all approved loans. After $1,000 initial draw, subsequent draws must be made for the full amount of the available credit limit. Outstanding balance must be $100 or less for subsequent draws. Member must have a minimum automatic monthly payroll direct deposit of $500. Subject to approval based on overall creditworthiness factors. Other conditions may apply. Rate subject to change.