Personalized Lending Program
LPCCU offers members a “Personalized Credit Program” to help as many members as possible obtain loans. We realize some of our members have experienced difficulty in the past with their credit, and as a result, we or other lenders have denied their loan request. This has forced these members to pay extraordinarily high rates elsewhere. Our goal is to help as many members as possible under our Personalized Credit Program .
How Personalized Lending Program Works
The rate a member pays on a loan will be determined by his/her credit history and length of the loan. Members with excellent credit histories will receive our very best rates, which are some of the best rates offered by any lender.
Other members, who may have limited credit history or less than perfect credit will be assigned rates consistent with their credit score. LPCCU will also offer counseling to help these members improve their credit score. It is our goal that these rates will be lower than they could obtain elsewhere.
Future advertising will include rates “as low as”. These rates will apply to members with exceptional credit. Rate discounts will also be available to other members for qualifying circumstances.
How Personalized Lending Program Benefits You
Take a look at loans you have with other lenders. Call LPCCU to see what your rate and payment would be with us. Our lending staff is eager to help you refinance these loans for a better rate!!
Our goal is to help you obtain the credit you deserve and save money.
“It’s a Bright New Sunny Day” for lending at LPCCU.
NO Credit Check Loans
- Completed application
- Active direct deposit
- Proof of 2 years continuous employment
- 2 current pay stubs
*APR = Annual Percentage Rate. APR for LPCCU No Credit Check Loan is 17.95% and subject to change at any time without notice. $25 processing fee must be paid at time of application and is non-refundable. In the event allocated funds are exhausted and Lincoln Park Community Credit Union is unable to process your application, the fee will be returned to applicant. Maximum loan amount $1,000; maximum term is 11-months. Direct deposit must be active prior to loan disbursement. Available to current LPCCU members in good standing with positive account balance. Applicant must verify 2 years continuous employment and cannot be in bankruptcy. Application must be done in person.
Take Two Credit Rebuilder Loan
Offered for members to have a 2nd (or 1st) chance at rebuilding their credit score.
- $2,000 for 2 years at member’s qualifying unsecured rate
- $1,000 for 1 year at member’s qualifying unsecured rate
- Proceeds to be deposited to member’s regular share account with a full pledge of shares attached.
- Proceeds shall earn current declared dividend rate paid on regular shares
- Pledge shall not fall below outstanding loan balance
- Member will have 11 day grace period to make payment. If, after 11 days, the required monthly payment has not been made, a payoff shall be transferred and member shall be ineligible for program
Applying is Easy:
- Stop by the LPCCU office.
- Call us at 313.389.2300.
- Print our loan application.