Consumer Loans

As a member of Firelands Federal Credit Union, you can use your own savings or term share certificate as collateral to borrow funds. That means you can continue to earn dividends on your savings or certificate, and pay a minimal interest rate on this secured loan. These loans require minimal credit approval criteria and the repayment terms are very flexible. This loan can also be beneficial if you are trying to establish or rebuild credit. 
 

For those members with established credit and good credit scores, we offer signature loans. These are designed to help you with small purchases like furniture, appliances, or to help out on special occasions, with no collateral required other than your good name.
 

This is the same as the signature loan mentioned above except we give you an established line that you can use at your convenience. This loan works much the same as a credit card, except you can only draw from the Personal Line of Credit by visiting a teller. You only pay finance charges on the balance you use.