Loans with rates and service worth switching for.
Outstanding service, great rates, and payroll-deducted convenience — with a two-day turnaround on loan approvals in most circumstances.
You can expect all of our lending services to come with the prompt, friendly service you deserve as a member-owner. Check the rates, try a scenario on the loan calculator, then submit the online application to our loan committee.
What we lend on
- New & used vehicle loans — cars, motorcycles, and boats, with convenient payroll-deducted payments.
- Unsecured signature loans — up to $5,000 for debt consolidation, a vacation, school tuition, and more.
- Premium personal loans — up to $10,000 for larger needs.
- Pledge share loans — borrow against your MEFCU share account while it keeps earning a dividend.
Before you apply
Employment tenure requirements:
- 6 months with your employer for a secured loan
- 2 years for an unsecured signature loan
- 5 years for a premium personal loan
Not a U.S. citizen? You must be a resident alien and provide copies of both sides of your resident alien card plus your driver’s license.
Current loan rates
| Loan type | APR | Term |
|---|---|---|
| New vehicle — cars, motorcycles, ATVs · add 1% for boats · no down payment required | ||
| New vehicle | 3.99% | up to 60 mos. |
| New vehicle | 4.75% | 72 mos. |
| New vehicle | 5.5% | 84 mos. |
| New vehicle | 6.0% | 96 mos. ($40K & over) |
| Used vehicle — finance 100% of Blue Book value · add 1% for boats | ||
| Used vehicle 1–5 yrs old | 4.75% | up to 54 mos. |
| Used vehicle 1–5 yrs old | 5.75% | 60 mos. |
| Used vehicle 1–5 yrs old | 6.25% | 72 mos. |
| Used vehicle 6–9 yrs old | 6.25% | up to 36 mos. |
| Used vehicle 6–9 yrs old | 6.5% | 48 mos. |
| Personal | ||
| Signature loan $5,000 max | 10.0% | 12 mos. |
| Signature loan $5,000 max | 12.0% | 24 mos. |
| Premium personal up to $10,000 | 10.0% | 36 mos. |
| Premium personal up to $10,000 | 12.0% | 48 mos. |
| Pledge share borrow against savings while it keeps earning a dividend | 5.0% | $80K max · up to 96 mos. |
| Stock secured | — | No longer offered |
Not all members will qualify for the published rates; some may be charged a higher rate based on credit score, or may not qualify. New Molex loans only. Rates and terms are subject to change without notice. APR = Annual Percentage Rate.