Will SECU give me a loan?

We have a variety of programs available to help eligible members who need a new loan or payment extensions on existing SECU mortgage, vehicle, credit card or personal loans. Additional options are available for SECU mortgage loans through our Mortgage Assistance Program.

Can anyone get a loan from a credit union?

If you meet the credit union’s requirements, you typically pay a one-time membership fee and a deposit of up to $25. You need to become a member before you apply for a loan. Many credit unions offer both unsecured and secured personal loans. A low credit score alone won’t disqualify you from getting a loan.

Is SECU a good credit union?

GOBankingRates has ranked it as one of the Best Credit Unions of 2021. Like all credit unions, SECU is nonprofit and member-owned. To be eligible for membership, you must be an employee of either the state of North Carolina, a public board of education or an association that serves state employees.

Is SECU a federal credit union?

SECU member deposits are insured by National Credit Union Administration (NCUA) of the U.S. federal government….State Employees Credit Union.

State Employees Credit Union, Wade Ave., Raleigh, North Carolina
Industry Financial services
Founded June 4, 1937
Headquarters Raleigh, North Carolina, U.S.

Will a credit union give me a loan with no credit?

Although you may be able to get a personal loan with no credit, lenders will probably charge you higher interest rates than they would if your credit was good. It’s often easier to get a personal loan from a credit union than from a bank.

How do I qualify for a credit union loan?

Employment: Some credit unions require you to have been in the same job for a certain amount of time (one year, for example). Income: You’ll need income to repay the loan, and you’ll need to disclose any debts to the credit union. Your monthly payments on all debts will need to be below a certain debt-to-income ratio.

What credit score is needed for a secu credit card?

Compare to other cards

State Employees’ Visa® Credit Card Bank of America® Premium Rewards® credit card Capital One SavorOne Cash Rewards Credit Card
Recommended Credit Score 690850good – excellent Recommended Credit Score 690850good – excellent Recommended Credit Score 690850good – excellent

Are secu employees state employees?

The term State Employees’ Credit Union (SECU) refers to a nonprofit financial institution that is owned by employees of the state of North Carolina. The SECU was founded in 1937 and is one of the largest credit unions in the United States by asset size and number of members.