How To Get Started With A Personal Loan

Our loans help you help yourself — at a rate that won’t leave you in the red. If you have ever worried about what happens when you have an emergency and need to rethink your budget, consider getting a personal loan instead!

Ferguson FCU offers personal loans that can assist you with almost anything, from vehicle repairs and family vacations to education expenses and emergency bills! Our loans are here for any and all of your needs.

Start Making the Most of Your Loan

Whether you are paying off education expenses or preparing for a family vacation, Ferguson FCU’s personal loans have you covered. With just a click of a button, you can apply online within minutes for your next personal loan.

Ferguson FCU Personal Loan Details

  • Competitive rates for a wide variety of personal needs:

    • Vehicle repairs or updates

    • Family vacation

    • Education Expenses

    • And much more

  • Accommodating repayment terms that work for your needs

  • Decision-making and processing are all done locally

  • Friendly, Southwest Mississippi service

 

Share-Secured vs. Signature Loans

Ferguson FCU offers both share-secured and unsecured personal loans. If you are interested in either of these, speak to one of our loan officers to find the right fit for you!

Shared-Secured Loans

A share-secured loan is a loan that is a type of secured personal loan. With a share-secured loan, the borrower uses their savings account as collateral to secure the loan. The amount you can borrow is typically a percentage of the balance in your savings and can often be up to 100% of the account balance.

Ferguson FCU’s share-secured loans are offered with lower interest rates, making them a more affordable option for borrowers.

More perks of share-secured loans:

  • Financing backed by the funds you have on deposit

  • Low rate

  • Terms up to 60 months

  • Secured credit cards are also available

  • Great way to establish or re-establish credit

Signature Loans

A signature loan, also known as an unsecured personal loan, is a type of loan based solely on the borrower’s signature and creditworthiness without the need for any collateral.

At Ferguson FCU, we offer unsecured personal loans (signature loans) that can be used for any kind of short-term or ongoing need at competitive rates. Our signature loans can be used for a wide range of purposes, such as consolidating debt, covering unexpected expenses, or even financing a large purchase.

With just a click of a button, you can check your eligibility for your next signature loan and reap all the benefits!

Benefits of signature loans:

  • Can be used for all kinds of short-term or ongoing needs

  • Competitive rates

  • Only need a signature to secure a loan

  • Typically offered to individuals with a strong credit score

 

Become A Ferguson FCU Member!

If you are not currently a member of Ferguson FCU, you are just a click of a button away from applying! Membership at Ferguson FCU is open to ANYONE who lives, works, worships, attends school, or owns a business in Amite, Copiah, Franklin, Jefferson, Jefferson Davis, Lawrence, Lincoln, Marion, Pike, Simpson, Walthall, or a portion of Rankin Counties in Mississippi. All it takes to open an account at Ferguson FCU and apply for your first personal loan is a $5.00 deposit!