Simple 5 is a good choice for members who need an affordable, small loan of up to $5,000.
Members who qualify will fit into one of two categories. They must have a current home loan or a large secured consumer loan with on-time payments to Opportunities Credit Union. It will also be available to members without a current relationship described above.
Consider this loan if you:
- Currently, have a mortgage with us and have consistently made timely loan payments
- Have borrowed from us multiple times and have always met the terms of your loan
- If you have a credit score of 680 or higher and no delinquent credit
Terms
- Loan amount up to $5,000
- Flexible repayment terms up to a 36-month term
- Quick turnaround from application to closing for qualified members
- Are current on your bills and have no outstanding collections or charge offs
Requirements
- A checking account and direct payroll deposit is required with Opportunities
- Automated loan payment from an account with us
- Monitor your loan activity through E-Banking and electronic statements
