Personal Loans from Credit Unions Reading, PA

Bellco Federal Credit Union deserves to be the primary stop for residents of Reading, PA, needing personal loans since credit unions often provide advantages over other lenders.

All borrowers, particularly those with credit scores less than 690, benefit from consulting credit unions like Bellco FCU when attempting to secure personal loans. Credit unions can often offer more competitive interest rates, more flexibility of terms, and a decision-making process that sees borrowers as more than numbers.

Personal Loans from Credit Unions

Federal credit unions like ours are non-profit organizations, providing joint owners-members with financial services and products designed to improve the lives lived in the community. Each member has an equal say in the organization's operations, no matter the amount of money on deposit.

Bellco FCU began as Bell Telephone Credit Union in 1938, and we continue to serve the residents, students, worshippers, and workers of Berks County, PA.

Joining a credit union like ours requires verifying eligibility and depositing a minimal amount into a Member Savings account. At Bellco FCU, this amount is $5. With membership established, you'll be ready to take advantage of any financial benefits, including personal loans.

We also provide checking and savings accounts, money market accounts, club accounts, IRAs, youth account services, share certificates, credit cards, auto loans, mortgages, home equity loans and HELOCs, and business financial services. We also provide the conveniences that the modern consumer expects from financial institutions.

Borrowing for vacations, educational needs, weddings, home improvements, and other life expenses from a credit union may take the form of an unsecured signature loan or a secured personal loan backed by the promise of collateral. The rate of interest attached to the repayment terms will generally be fixed and based on your credit score, income, and debt-to-income ratio. Bellco FCU has the freedom to consider your rates in light of your entire credit history and experience with the credit union.

To apply for a personal loan with Bellco FCU, you can do so online, by phone, or in person at one of our two locations in Wyomissing or Sinking Springs, FL.

Personal Loans from Credit Union or Online Lender?

Online banks promise convenience, but they lack the flexibility of a credit union. Since we also offer online applications along with excellent terms and empowered decision-makers, you gain nothing by choosing an online bank. Worse, you stand to be limited in your borrowing power or pay a much higher interest rate than you would with us.

Personal Loans with Joint Borrowers?

When building or rebuilding a positive credit history, borrowing can be difficult. In these cases, joint borrowing can be an option. A second member added to the loan as a co-signer will provide additional assurance that the money will be repaid to the credit union organization.

A co-signer must understand that they are obligated to repay; however, a secondary borrower may provide more borrowing power and better rates.

Ready to Begin?

Bellco Federal Credit Union members interested in securing a personal loan should reach out today to discuss the possibilities with a financial professional. We stand ready to help you get the amount you need with terms and interests that work for you. Call (610) 373-5192 or click here to apply today!