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Borrowing to cover life’s unexpected circumstances, needs and wants.
Personal Borrowing
Mid Minnesota Federal Credit Union personal loans cover most of life’s wants and needs.
With this fixed-term loan, take that vacation, consolidate that debt or even buy that computer. This loan is versatile, just like you.
Credit Builder Loans
Your credit score is an indicator of financial health and it can also impact your insurance rates, ability to rent an apartment, and even get a job.
The way the Credit Builder Loan works is that MMFCU invests in our member owners by providing the collateral for their loan, from $500 to $2,000, which is froze in a savings account. As they make monthly loan payments, to build their credit history, we release the money for them to use or save as a down payment for a future purchase.
Single Pay Loans
Borrow for a short term with a single pay loan.
No payments during the term with all the principle and interest due at the end of the loan. Single pay loans can be used for many different reasons, including an advance on your income tax return.
Secured Loans
Want to use funds in your savings or term share certificate to borrow against?
Our share-secured loans allow you to use your balance in your account while receiving a reduced rate on your loan. Share-secured loans are also great to build credit!
Line of Credit
Looking for a revolving line of credit where you apply only once, yet take advances on your credit line whenever you need?
Then a line of credit will work for you. With a personal line of credit, you only owe if you use it. Have the peace of mind that you can cover an emergency when you need to.
Personal Loan Rates
Personal Loan
11.84% APR^
Calculate your options
MMFCU Personal Loan Perks
Easy Payments
Protection Services
Protect your purchase for as little as a few cents per month. We offer services to help cover your loan payment, extend the vehicle warranty and insure your vehicle.
Frequently asked questions
We're here to help, wherever you are on your financial journey.
- Why are we asking for your last four digits of your social security number?
For a loan application to be approved, a soft pull of your credit needs to take place. The last four digits of your social security number confirms that the credit pull is happening for the correct person. Allowing for faster loan approval and the opportunity for you to see other possible savings by refinancing existing loans with MMFCU.
- Why do we ask for a phone number at the start of a loan application?
We know that time is important to you, so by providing your cell phone number we can use a partnered software to pull public records and prefill as much information in your loan application as we can. Then all you have to do is review or edit it and add a few missing items.
Why Choose MMFCU?
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^APR is Annual Percentage Rate. Loans subject to approval. Loan fees apply. Loan payment and Annual Percentage Rate (APR) will vary based on personal credit history, the loan amount, term, and any fees. Loan payment example: A $5,000 loan for a term of 36 months with a 14.35% APR, including a $25 processing fee, will have a $170.89 monthly payment. Maximum term varies based on credit score and loan amount.