How many financial institutions today specialize in offering good, old fashioned personal loans to meet just about any financial need? Velocity Credit Union does! We offer personal loans and line-of-credit loans at great rates and terms. And unlike many credit card programs, these loans are actually designed to pay off in a reasonable length of time!

Velocity Credit Union provides two kinds of personal loan programs:

Our Quickloan program offers a personal line-of-credit ranging from $500 to $15,000 depending upon credit qualifications. The credit limit remains available for the borrower to use at any time for any financial need. Borrowers can obtain Quickloan advances fast and easy in a variety of ways:

• Through any Velocity Credit Union-owned ATM
• Directly from Velocity lobby or drive through tellers
• By transfer from your Quickloan directly to your Velocity checking or savings account. You can perform these transfers through Internet Home Banking or through our Star Teller telephone service.
• By mail or fax

Our traditional personal loans do not offer a line-of-credit limit, but they do feature the same low rates and generous repayment terms as our Quickloan program. These are available up to $15,000, depending upon credit qualifications.

Compared to credit card debt, Velocity personal loans can make a lot of sense for many consumers. Credit cards often encourage borrowers to make small monthly payments. In some cases, making minimum payments of 2% to 3% of the credit card balance could take 7-10 years (or more) to pay off the credit card balance. Many consumers find it difficult to ever get out of credit card debt. Velocity personal loans are a better choice for many people. They encourage wise use of credit, and are designed to pay off in 5 years or less.