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NFCU Personal Loan

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Established Contributor

NFCU Personal Loan

Hello All,

 

Didn't know where to post this as there is no section for personal loans.

 

I am looking to consolidate a few things (me and wife).  I may need a cosigner due to the amount of student loan debt and to get the best rate, but my question is.  I can have my wife co-sign (800's across all 3, me high 600's), but she is not a NFCU member as I am.  How would I go about applying for a personal loan through NFCU with me as a member and she is not?

 

Already pre-approved for 40K with Lending Club with her as a co-signer, but rate is too high (20%).  Just wanted to check my alternatives.

 

Thanks!

Message 1 of 11
10 REPLIES 10
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Established Contributor

Re: NFCU Personal Loan

She's your wife, she can become a member through her relationship to you.
Starting Score: EX 641 TU 631 EQ 669
Current Score: EX 714 TU 718 EQ 713 (EQ9 735)
Goal Scores: 750


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Message 2 of 11
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Established Contributor

Re: NFCU Personal Loan

Does she need to join first or do I apply for the loan through my account online first?
Message 3 of 11
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Super Contributor

Re: NFCU Personal Loan


@NP27 wrote:
Does she need to join first or do I apply for the loan through my account online first?

I'm not certain that she would need to join in order to cosign for you... that's a question for Navy.

 

...not to be a downer, but the BEST personal loan rates at NFCU are at 15%... have you considered other credit unions?



10/30/20 Mortgage scores: EX2 738, EQ5 724, TU4 no idea.
11/01/20 Fico 8: EX 754, EQ 752, TU 765.
11/04/20 Fico 9: EX 713, EQ 720, TU no idea...

Zero percent financing is where the devil lives...
Sitting in the garden behaving myself. #noinqs2020
Message 4 of 11
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Community Leader
Mega Contributor

Re: NFCU Personal Loan

If your wife has Amex check for offers as well. Discover offers loans as well
Message 5 of 11
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Valued Contributor

Re: NFCU Personal Loan

Also, check out UNIFY credit union and PenFed. Both have lower rates than NFCU.

Good luck!

Message 6 of 11
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Valued Contributor

Re: NFCU Personal Loan

Op there are other options if need be, that are available and some of them have been mentioned already. If not for another option to use, I would check them out just to see if you can lower rates.
                               

Total Credit: $240,100Credit Utilization: 1%AAoA: 5 years, 7 monthsInstallments: Car Lease, Marcus LoanNegatives: 0

LOWES-35k | BOA-32.5k | AMEX-30k | DISC-27.1k | ALLIANT-25k | NFCU-25k | BARC-15k | BBUY-12k | CHASE-10k | WAL-10k | CITI-9.7k | PENFED-9.7k


Message 7 of 11
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Established Contributor

Re: NFCU Personal Loan


@Appleman wrote:

Also, check out UNIFY credit union and PenFed. Both have lower rates than NFCU.

Good luck!


I do have PenFed, but do you know what are the requirements for UNIFY?  I don't see anything about membership eligibility on their website.

 

Thanks!

Message 8 of 11
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Super Contributor

Re: NFCU Personal Loan


@NP27 wrote:

@Appleman wrote:

Also, check out UNIFY credit union and PenFed. Both have lower rates than NFCU.

Good luck!


I do have PenFed, but do you know what are the requirements for UNIFY?  I don't see anything about membership eligibility on their website.

 

Thanks!


Unify is open to every one. Probably I paid some nominal fee to join some charitable organization, or was a member of American Consumer Council.

 

 


Total revolving limits 653000 (575000 reporting)

Message 9 of 11
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Frequent Contributor

Re: NFCU Personal Loan

You can join Unify with $25 donation to Friends of Hobbs State Park-Conservation Area or Surfrider Foundation.

https://www.unifyfcu.com/unify-membership







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