Car, house and bag of money

Do you have credit card or other high-interest debts that you’d like to get rid of? E&G Employees FCU offers two reliable and trusted ways to combine these debts into one low monthly payment.

Personal (Unsecured) Loan

Using a personal loan, you can borrow up to $30,000 for a term of up to 84 months (seven years) at a great rate. Once approved, we provide you a check to use as you wish including paying off your high interest debts. You may also keep cash for any other reason. How you disburse and spend your cash is totally up to you.

Debt Consolidation Loan

Using a debt consolidation loan, you may also borrow up to $30,000 for up to 84 months (seven years). In this case, you bring E&G the bills you would like to finally be rid of and, if approved, we will directly pay each creditor for you. Plus, different from the personal loan option, we calculate your debt to income ratio (what you can afford) using the new loan payment, after eliminating the debts to be paid off and closed from that calculation.

Two great options to make your budget easier to manage!

  • Personal Loan Rates as low as 7.99% APR*
  • Debt Consolidation Loan Rates as Low as 9.99% APR*

*APR Indicates Annual Percentage Rate. All rates are subject to change. Rates are based on a member’s credit. The rate you qualify for may be higher than the low as rates indicated. Please call the credit union or click here for complete rate details.