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USU Charter Credit Union Personal Loans Calculator & Overview

Carla Soto
Updated 11 Aug 2023
Fact checked

USU Charter Credit Union logo

USU Charter Credit Union was formed in 1957 and its main office is in Logan, Utah. This non-profit financial cooperative has over $1 billion in assets, and is serving more than 106,000 members. They offer a full range of products and services for personal banking, including deposit and checking accounts, loans and refinancing, investment management, and financial planning.

Taking out a loan is a significant financial step that should not be taken carelessly. As long as you’re responsible — you’re intentionally using loan proceeds and have a plan to pay it back — carrying debt might help you reach your financial goals. Are you interested in a USU Charter Credit Union personal loan? Using the USU Charter Credit Union personal loans calculator, you may get an idea of how much you can afford to borrow and repay.

Personal loans have an annual percentage rate (APR) varying from around 3% to 36% APR. The interest rates you can receive will depend on a range of factors, such as your credit score, income, and debt-to-income ratio. On a loan of $10,000 over 5 years, the cost could vary between $10,781 and $21,680. The interest cost is between $781 and $11,680.

USU Charter Credit Union personal loans at a glance

As with any other lender, USU Charter Credit Union has its own set of loan features and benefits. See if any of these listed below matches your personal expectations and payment preferences:

  • Loan amounts: maximum $20,000
  • Loan terms: up to 48 months
  • Application fee: $0
  • Interest rates: starting at 9.25% APR

 

Requirements for an USU Charter Credit Union personal loan

You must be a member of USU Charter Credit Union to be eligible for a personal loan. Here are the criteria you must meet to become a member of USU Charter Credit Union:

  • You live, work, worship, or attend school in USU Charter Credit Union recognized counties
  • You are a family member of a USU Charter Credit Union member
  • You are a current or former employee of USU Charter Credit Union recognized establishments, businesses, or institutions

 
When you apply for a personal loan from USU Charter Credit Union, you must send a copy of the following documents:

  • Proof of identity (driver’s license, social security number, other state-issued IDs)
  • Proof of US residential address
  • Proof of employment (paystubs, W-2s and 1099s, employer statement)
  • Income verification (tax returns, bank statements, annuity statements)

 

USU Charter Credit Union personal loan calculator

Loan Amount

$20,000

Term

3 months

USU Charter Credit Union

USU Charter Credit Union personal loans

Estimated Month Repayments
Interest Rate
5.49%
APR
Repayment Period
12 months
to 84 months
Loan Amounts
$1,000
to $20,000
With your personal watercraft, you can explore amazing places that may be difficult to reach by boat or land. Take your water adventures to the next level with a personal watercraft loan from USU Credit Union.

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Minimum and maximum loan periods vary between 1 month and 10 years. Annual Percent Rates (APR) vary between 4.99% and 35.99% p.a. Total interest repayments vary between $592 and $916 over the life of the loan. *APR is based on an unsecured loan of $20,000 over a term of 3 years. WARNING: This APR is true only for the examples and may not include all charges. Different terms, fees or loan amounts might result in a different APR. These rates can change without further notice.

 

Pros and cons of USU Charter Credit Union personal loans

Pros

  • No application fee
  • Skip-A-Pay available

 

Cons

  • Low maximum loanable amount
  • Minimum loan term unclear
  • Income/credit requirements not listed
  • No debt protection plan
  • No rate discounts on automatic payments

Frequently asked questions

What can I use the USU Charter Credit Union personal loan for?

USU Charter Credit Union personal loans can be used for almost anything worthwhile. The funds can help you finance large purchases, plan for a special occasion, pay off unexpected bills, or cover emergency expenses.

What are the minimum and maximum loan amounts for a USU Charter Credit Union personal loan?

USU Charter Credit Union offers personal loans up to $20,000. There is no information regarding the minimum loan amount you can borrow.

What are the repayment terms for a USU Charter Credit Union personal loan?

The repayment term of a personal loan from USU Charter Credit Union is up to 48 months (4 years).

What interest rates does USU Charter Credit Union personal loan offer?

Interest rates for a personal loan from USU Charter Credit Union start at 9.25% APR.

Does USU Charter Credit Union offer a Skip-a-Pay option?

Yes. USU Charter Credit Union allows borrowers to defer a loan payment as long as you are in good standing.

What number do I need to call to ask about personal loans from USU Charter Credit Union?

You can call 1.800.248.6361 to find out more about USU Charter Credit Union personal loans.


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Carla Soto
Carla Soto

Carla is a skilled copywriter at BestFind with a background in marketing and communications. She specializes in reviewing personal loan and finance products to help readers navigate the complex world of personal finance.

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