At First Class Community Credit Union, we offer a variety of both secured and unsecured personal loan options at our Des Moines and West Des Moines locations.
Closed-End Unsecured Personal Loan
A Closed-End Unsecured Loan is typically used for consolidation of debt, home/car repairs, smaller home appliance purchases (washer/dryers, dishwashers, mowers), or it can be used as a holiday loan to help finance holiday expenses. It is a one-time advance loan set at a fixed interest rate and repayment term. >Apply online now!
Holiday Loan
Our Holiday Loan is available annually from October 1st through the last business day before Christmas and is designed to help you cover seasonal expenses with less stress! This one-time advance loan offers a fixed 12-month term with a special board-approved rate, that is often lower than our standard unsecured rate. >Check our Loan Promotions page for specific offer details during the holiday season.
Personal Line of Credit
This is an all-purpose loan that can also serve as a back-up overdraft protection on your checking account for a minimal fee. It is a fixed interested rate LOC where the rate will not increase while the plan is open. It is good for a three year draw period with a three-year payback term. >Apply online now!
Share Secured Loan
A Share Secured Loan is a loan which uses the shares in your account as security for the loan. The loan must be 100% secured to receive the rate of 2% over the current dividend rate being paid on the shares used to secure the loan. >Apply online now!
Share Certificate Secured Loan
A Share Certificate Secured Loan is a loan which is 100% secured by a share certificate with First Class Community Credit Union. The loan must be 100% secured to receive the rate of 2% over the share certificate rate being paid on the share certificate used to secure the loan. The term of a Share Certificate Loan may not exceed the months remaining until maturity of the certificate. >Apply online now!
Ready to Apply for a Personal Loan? We make the process simple!
Want to learn more?
- Contact a Loan Officer
- View our current rates
Personal Loan FAQs
What is a personal loan and how does it work?
A personal loan provides funds that can be used for various expenses and repaid with fixed monthly payments.
What can personal loans be used for?
Common uses include home repairs, travel, medical bills, or consolidating debt.
Do personal loans require collateral?
Many personal loans are unsecured, meaning no collateral is required.
How quickly can you get a personal loan?
Once approved, funds are often available within a few business days.
What credit score is needed for a personal loan?
Credit requirements vary and depend on income and financial history.
Are personal loans better than credit cards?
Personal loans may offer lower fixed interest rates and predictable payments.
Can I pay off a personal loan early?
Most personal loans allow for early repayment, though policies vary.
How long are personal loan terms?
Terms often range from 1 to 7 years.
How do I qualify for a personal loan?
Typically, FCCCU reviews credit history, income, and debt‑to‑income ratio.
How do I apply for a personal loan online?
Please use our convenient and secure online loan application to apply for a personal loan.