Apply for Personal Loans

Find the loan that’s right for you, and get cash when you need it.

Scott Credit Union Loan Options: Consumer Personal Loans
When you need cash to cover unexpected expenses, consolidate debt, make a purchase, or even take a much-deserved vacation, a credit union loan can help you make it happen.

Scott Credit Union loan professionals can help you find the right loan and can make the application process easy and stress-free.

Learn more about seasonal and year-round loan options and start your application today.

personal loans - Scott Credit Union Loan Options Consumer Personal Loans
Signature Loans

A signature loan is an unsecured loan that can be used for anything you need. SCU signature loans offer low interest rates, flexible repayment terms and timelines, and convenient payment options.

No collateral needed

Low APR*. View current Scott Credit Union loan rates

Up to 60 month terms

Getting a signature loan is as simple as filling out the application and signing your name. A signature loan is a great option for people who don’t have a large amount in their savings or a share certificate to use as collateral.

personal loans - Signature Loans

*APR = Annual Percentage Rate.

Pledge Share Loans

For SCU members who have savings or share certificate accounts to use as collateral, Pledge Share Loans offer lower interest rates than unsecured signature loans.

Use an account balance as collateral for the full loan amount

View current Scott Credit Union personal loan rates

Up to 60 month terms

Pledge share loans give you access to funds that are secured by the money you have in your share savings or share certificates. While your money continues to earn interest in your savings or share certificate account, you’ll be able to fund purchases with cash and keep your savings and investment plan on track.

personal loans - Pledge Share Loans

*Annual Percentage Rate. If share rate changes then pledge share loan rate is also subject to change.

Apply for Personal Loans: Interest Rate Information

Scott Credit Union loans carry a lower interest rate for members due to our credit union structure. As you prepare to apply for personal loans, SCU loan professionals are here to help you stay informed about current interest rates and repayment terms.

Current Loan Interest Rates:

Type of LoanTermAPR1
Pledge Share Loans60 Months2.00% above current Share Rate or 2.00% above current Share Certificate Rate
Signature Loans60 Monthsas low as 12.50%
Signature Loans48 Monthsas low as 12.50%
Signature Loans36 Monthsas low as 12.00%
Ready Reserve Overdraft ProtectionN/Aas low as 16.00%
1 APR = Annual Percentage Rate. Rates are subject to change and are based on the applicant’s credit history. Loan example: The monthly payment on a $5,000 loan at 12.500% for 48 months would be $132.90. Terms for Signature Loans are based on the amount of the loan. Some restrictions apply. Holiday loans may not be used to pay off any other Scott Credit Union loans.
**Rates effective as of September 12, 2023
The Credit Union Loan Solutions

Contact the SCU consumer lending team to discuss your needs and get one-on-one help finding the credit union loan solution that is right for you. Scott Credit Union is with you, and your family, to help you continue to make smart borrowing choices and build a healthy financial future.