Personal Loans & Lines of Credit

There are plenty of good reasons you might need a little financial assistance. Whether you're looking to consolidate debt or need assistance with a house renovation, Parsons Federal Credit Union offers a range of options that can fit your needs.

Read these important instructions before applying.

To apply on your smartphone, click here.

Signature Loans

A great alternative to high interest rate credit cards is a Parsons FCU Signature Loan. These loans do not require any collateral, and are a perfect choice for multiple purposes—from a family vacation, to paying off higher rate loans. Features are:

  • Closed-end loan with a specific term
  • Terms up to 48 months
  • Borrow up to $30,000
  • No prepayment penalties

If you're a Parsons employee, you can even set up convenient payroll deductions to make your Signature Loan payments! For complete costs, terms and details, feel free to contact a Parsons FCU Loan Representative at (800) 765-4527 or just click the button below to apply!

Click here for current loan rates or use the loan payment calculator.

Apply Now

Personal Lines of Credit

Finally ready for that kitchen renovation or need expensive dental work? A Parsons FCU Personal Line of Credit might be just what you need.

  • Credit lines up to $30,000
  • Borrow up to your approved limit whenever the need arises
  • As you pay down your loan, you may take new advances—up to your limit
  • No monthly, annual or account "maintenance" fees
  • No interest is accrued until an advance is actually made

For complete terms and details, contact a Parsons FCU Loan Officer at (800) 765-4527 or just click the button below to apply!

See our rates or use the loan payment calculator.

Apply Now

Want to get a credit-limit increase for your existing Parsons FCU Personal Line of Credit? Click here.

Parsons Federal Credit Union is an Equal Opportunity Lender.

All loan requests are subject to applicable terms and conditions.

Share Secured Loans

A Parsons Federal Credit Union Share Secured Loan lets you borrow at a low rate by using the balance in your savings account as collateral. Continue to earn dividends on the funds in your account! Check out the features:

  • Loan interest rate is 3% above the rate paid on shares used as collateral
  • The loan interest you pay is partially offset by the dividends your shares continue to earn
  • Regular Share or Fixed Rate Certificate Account deposits may be used to secure this loan
  • Maximum loan term is 60 months
  • At the end of the loan term, you'll still have your savings & dividends!
  • ESOP, 401K and IRA funds are not eligible to be used as collateral

For complete terms and details, please contact a Parsons FCU Loan Officer at (800) 765-4527 or just click the button below to apply!

Use our loan payment calculator.

Apply Now

Parsons Federal Credit Union is an Equal Opportunity Lender.

All loan requests are subject to applicable terms and conditions.

Immediate Need Loans

Need an emergency loan? We understand and can help you get back on your feet.

  • Borrow up to $1000 for up to 12 months
  • Reasonable rate (Click here)
  • Applicants must have established Direct Deposit to their Parsons FCU account of at least $500 per month
  • No credit history is required

Apply Now

Members may not receive more than two Immediate Need Loans per calendar year.