There’s no need to wonder what’s happening with your loan, because we move fast to get your application approved in approximately one business day.
You won’t be charged prepayment fees if you pay off your loan early, freeing you up to do what’s best for you and your money.
We treat you as a person, not a number. We get to know you and work alongside you to meet your banking needs.
Ready to gain control of your money and put yourself on firmer footing in your finances? Personal signature loans don’t require you to put down collateral, just your signature and a good faith promise you’ll pay back what you borrowed.
Signature loans are useful for just about any situation you may be facing:
When it comes to taking out a loan and paying it back, interest rates matter. And that’s where working with First Oklahoma Federal Credit Union rather than a traditional bank or lending service really makes a difference.
Unlike banks and lenders that are driven by making money for their executives and stockholders, credit unions are not-for-profit. Any profits we make get put right back into our members. As a result, depending on your credit history, we are able to offer you lower interest rates than you’re likely to find just about anywhere else.
These lower interest rates make it easier for you to handle your loan payments. They lessen the impact of debt on your life and help you get back to firmer financial footing, without the burden of high interest payments.
* Exact rate depends on credit history. Contact CU for details
So, what is a personal loan, and why do they help consumers so much? The answer goes back to 2008. Before then, consumers had limited ways to borrow money—mainly bank loans that were hard to obtain without strong credit, high-interest credit card debts, or loans against collateral like jewelry.
But after the 2008 recession, the need for affordable loans became clearer, and a new option emerged: personal signature loans. These loans are easier and more manageable for many people, and they offer many benefits: