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About MFCU > The $1,000 Whatever Loan is Back!
The $1,000 Whatever Loan is Back!
Authored By: Katie Stoeckle on 10/30/2017

***Update: The $1,000 Whatever Loan is no longer available.  However, we have plenty of other lending options to fit your needs!***

The $1,000 Whatever Loan with no credit score limit* is back!  The Whatever Loan is only available for a limited time. Get it before it's gone!

Want to pay down some of those bills?  Go for it!

Get your home ready for the winter?  Definitely!

Take care of some much needed repairs?  Great idea!

It can be used for whatever you need!  Come see us at your favorite branch and find your happy with the $1,000 Whatever Loan.

Invite your friends and family to find their happy with us.  The Whatever Loan might be just what they need too!   If the Whatever Loan doesn’t meet your needs, we have other lending options available.

*A $25 processing fee will be assessed and may be funded with the loan, bringing total loan amount to $1,025.  In order to receive the Whatever Loan you must not have caused MFCU a loss, must be at your place of employment for at least 6 months, have direct deposit in your checking account at MFCU before funds will be disbursed, and be eligible for membership. A Whatever Loan of $1,025, covered with life and disability insurance, will have 12 monthly payments of $96.27 and an interest rate of 22.777% APR.  Some restrictions may apply.

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Comments
12/26/2017 9:25 AM an anonymous user.
Once you receive the loan when do you have to start making the monthly payments?
Reply From Members First Credit Union:

Thanks for your inquiry.  Your payment date for the Whatever Loan will be based on the time which you receive it, usually the following month the loan in received.  When your loan officer processes your application for the Whatever Loan, they will be setting up automatic payments, and they should discuss this with you further.  If you have any other questions, please contact our Call Center at 855.835.6328 x. 0 for personalized service.  We look forward to helping you find your happy!

Savings
12/18/2017 1:05 PM an anonymous user.
I get direct deposit but it goes in my savings can I still apply for the loan?
Reply From Members First Credit Union:

Thanks for your inquiry.  If you have direct deposit, it would need to be switched over to a checking account to meet that qualification.  The reason being that when you come in for the loan, the loan officer will set up automatic payments for it.  The other requirements are that you must not have caused MFCU a loss and you must be at your place of employment for at least 6 months,  If you have any other questions concerns, please contact our Call Center at 855.835.6328 x. 0 for personalized service.  Hurry, the Whatever Loan is only availble until the end of December 2017!   We look forward to helping you find your happy!

Mrs.
12/18/2017 2:16 AM an anonymous user.
I would like to get an account with your credit union.my job only gives us our paychecks they do not direct deposit.but I do work this job full time.I been at this job for 2 years.would I be able to get the $1,000whatever loan?please send me info.in my email.thank you.
Reply From Members First Credit Union:

Thanks for your inquiry.  In order to receive the $1,000 Whatever Loan, you must have direct deposit into an MFCU checking account.  If this does not work for you, we have plenty of other lending options to fit your needs.  If you have any other questions or concerns, please contact our Call Center at 855.835.6328 x. 0 for personalized service.  We look forward to helping you find your happy.

12/16/2017 5:53 PM Rito R. from Rosebush, MI
I have received the whatever loan before can I received it again?
Reply From Members First Credit Union:

Thanks for your inquiry.  As long as you meet the requirements, you should be elible for the Whatever Loan.  The requirements are that you must not have caused MFCU a loss, must be at your place of employment for at least 6 months, have direct deposit in your checking account at MFCU before funds will be disbursed, and be eligible for membership.  If you have any more questions before you come in, please contact Call Center at 855.835.6328 x. 0 for personalized service.  We look forward to helping you find your happy!

Whatever loan
12/16/2017 10:35 AM an anonymous user.
I have low/bad credit but have been at my job over 6 months....am I eligible for the whatever loan even with my credit as it is?
Reply From Members First Credit Union:

Thanks for your inquiry.  There is no minimum credit score limit to receive the $1,000 Whatever Loan.  When you come in to the most convenient branch for you, a loan officer is required to run your credit, but the score does not determine eligibility, and there is a standard interest rate for all Whatever Loans.  The other requirements (in addition to the length of employment, which you meet) are you must not have caused MFCU a loss, have direct deposit in your checking account at MFCU before funds will be disbursed, and be eligible for membership.   If you have any other questions until you come in, please contact our Call Center at 855.835.6328 x. 0 for personalized service.  But hurry in, the Whatever Loan is only available until December 29, 2017!  We look forward to helping you find your happy!

What ever loan
12/15/2017 11:00 AM an anonymous user.
Can you take out a what ever loan if your on Disability and have Direct Deposit through you?
My second question is what do you do if working like stipulated but your checks can't be direct deposit in this credit union because your employer doesn't have that option of direct deposit how would you go about doing that?
Reply From Members First Credit Union:

Thanks for your inquiry.  If the full amount of a disability is direct deposited into an MFCU checking account, that would meet that stipulation for the $1,000 Whatever Loan.  Unfortunately, direct deposit is a requirement for the Whatever Loan, even if an employer does not offer it.  If you do not qualify for the Whatever Loan, we have several other lending options available.  Please contact our Call Center at 855.835.6238 x. 0 for personalized service.  We look forward to helping you find your happy!

12/13/2017 8:20 AM an anonymous user.
I am on unemployment and my payments are direct deposited into my account. Would I be able to get the whatever loan?
Reply From Members First Credit Union:

Thanks for your inquiry.  Unfortunately, unemployment income does not qualify for the Whatever Loan.  We have plenty of other options that may meet your needs.  Please contact us at 855.835.6328 x 0 for personalized service.

Whatever loan.
12/7/2017 3:24 PM an anonymous user.
So I work two job, one of which I have only been at 2 months but the other 8 months... so I can come sign up for an account and then switch my direct deposit to my “new” account at this credit union and then I can apply?
Reply From Members First Credit Union:

Thanks for your inquiry.  If you set up the direct deposit from the job that you have been at for 8 months, that would help you meet that requirement.  If you have any other questions, please contact us at 855.825.6328 x 0 for more personalized service.  Hurry in, the Whatever Loan only lasts until the end of December!  We look forward to helping you find your happy!

Whatever Loan
12/6/2017 9:40 AM an anonymous user.
I have three questions...

I have been receiving a stipend for the past 2 years that is directly deposited into my checking account. Is it possible to receive the Whatever loan?

Is the loan available once per account? (In regards to joint accounts)

Also, are you only allowed one loan per season? (In cases where the loan can be paid off early?

Thank you in advance for the assistance.
Reply From Members First Credit Union:

Thanks for your inquiry.  If the full amount of your stipend is being direct deposited into your MFCU checking account, then you would meet that requirement.  There is a limit of one Whatever Loan per membership.  The primary member must sign for the Whatever Loan.  Additionally, members can only receive the Whatever Loan once per season.  It is only available until the end of December, and will be available again in late fall of 2018.  If you have any other questions, please contact our Call Center at 855.835.6328 x. 0 for personalized service.  If the Whatever Loan doesn't fit your needs, we have plenty of other lending options availabl.  We look forward to helping you find your happy!

 

11/21/2017 1:51 PM Laura P. from Farwell, MI
We are retired and we have direct deposit have been with the mfcu for two years can we get the what ever loan
Reply From Members First Credit Union:

Thanks for your inquiry.  When you come in to apply for the Whatever Loan, please bring in your most recent pay stub.  One of the requirements is to have direct deposit into an MFCU checking account, and this can prove that.  If you have any other questions, please contact our Call Center at 855.835.6328 x. 0 for personalized service.  We look forward to helping you find you happy!

11/21/2017 1:47 PM an anonymous user.
I we are retired and have a pension direct deposit can we get the what ever loan we have be with u for two years
Reply From Members First Credit Union:

Thanks for your inquiry.  When you come in to apply for the Whatever Loan, please bring in your most recent pay stub.  One of the requirements is to have direct deposit into an MFCU checking account, and this can prove that.  If you have any other questions, please contact our Call Center at 855.835.6328 x. 0 for personalized service.  We look forward to helping you find you happy!

11/21/2017 10:50 AM an anonymous user.
If I am brand new to the credit union but set up my direct deposit (100%) and have been employed at my employer for over 6 months, would I qualify for the whatever loan?
Reply From Members First Credit Union:

Thanks for your inquiry.  When you come in to apply for the Whatever Loan, please bring in your most recent pay stub.  One of the requirements is to have direct deposit into an MFCU checking account, and this can prove that.  If you have any other questions, please contact our Call Center at 855.835.6328 x. 0 for personalized service.  We look forward to helping you find you happy!

11/17/2017 3:16 PM an anonymous user.
I have dreict deposit set up with you guys but is only half of my pay every two weeks. I do have a checking account with you though. Am I eligible for a whatever loan because I was told just a dreict deposit and checking account was all you needed to qualify for the most part
Reply From Members First Credit Union:

Thanks for your inquiry.  In order to receive the $1,000 Whatever Loan, you must have 100% of your net pay deposited into an MFCU checking account.  You can easily set this up at any of our branches.  Once you can bring in the paystub that shows where your check is being deposited, you meet that requirement. Additionally, in order to receive the Whatever Loan, you ou must not have caused MFCU a loss and must be at your place of employment for at least 6 months.  If you have any other questions or concerns, please contact us at 855.835.6328 x. 0 for personalized service.  We look forward to helping you find your happy!

11/16/2017 11:15 AM an anonymous user.
I only have savings account can I still qualify for the whatever loan?
Reply From Members First Credit Union:

Thanks for your inquiry.  To be eiligible for the $1,000 Whatever Loan, you must have 100% of your net pay deposited into your MFCU checking account.  You can set up an account today by stopping in to your favorite branch.  If the Whatever Loan doesn't fit your needs, we have plenty of other lending opportunities available.  We look forward to helping you find your happy!

11/14/2017 9:29 AM Margaret F. from Bullhead City, AZ
I am out of state for winter I have direct deposit would like to know if I can get whatever loan on line
Reply From Members First Credit Union:

Thanks for your inquiry.  We are currently working on creating a fully online lending platform, but it is not available at this time.  To receive the $1,000 Whatever Loan, you would need to come in to one of our branches.  If you have any other questions or concerns, please contact our Call Center at 855.835.6328 x. 0 for personalized service.

11/14/2017 8:56 AM an anonymous user.
If I pay off my loan I already have how long before I can apply for the 1,000 whatever loan?
Reply From Members First Credit Union:

Thanks for your inquiry.  If you have other loans, you can still get the $1,000 Whatever Loan.  If you are still making payments on last year's Whatever Loan, you must make sure to pay that off before coming in to receive this year's Whatever Loan.  If you have more questions or concerns, please contact our Call Center at 855.835.6328 x.0 for personalized service.  We look forward to helping you find your happy!

11/9/2017 2:34 PM an anonymous user.
If my job does not offer direct deposit is there still a way to get this loan? Could MFCU pull the payment each time I deposit my paycheck?
Reply From Members First Credit Union:

Thanks for your inquiry.  In order to figure out the best lending opportunity for your needs, we recommend you stop in to see us at a branch or contact our Call Center at 855.835.6328 x.0 for personalized service.  We look forward to helping you find your happy!

11/7/2017 3:12 PM an anonymous user.
When applying for the whatever loan do I have to wait and speak with a loan officer or can I go right up to the service counter like years past to receive the loan? I only have a few moments while on break at work.
Reply From Members First Credit Union:

Thanks for your inquiry.  If you were preapproved and received the preapproval letter in the mail, you can go up to a teller window to receive the Whatever Loan.  The preapproval deadline is Friday, November 10. If you did not receive the preapproval, you will need to come in to meet with a loan officer at your favorite branch.  If you have other questions or concerns, please contact our Call Center at 855.835.6328 x 0 for personalized service.  We look forward to helping you find your happy! 

11/6/2017 6:29 AM an anonymous user.
How long does the whatever loan run for? Also can you get one online?
Reply From Members First Credit Union:

Thanks for your inquiry.  The $1,000 Whatever Loan is available until December 29.  At this time, you need to stop in to your favorite branch to obtain the Whatever Loan.  However, if you meet the requirements, you can get your funds in the branch!  If you have any other questions before you stop in, please contact our Call Center at 855.835.6328 x. 0 for personalized service.  We look forward to helping you find your happy!

whatever loan
11/3/2017 6:37 PM an anonymous user.
I just started with mfcu with checking account, I have been at my job for 2 1/2 year would I qualify. can you also let me know when this ends?
Reply From Members First Credit Union:

Thanks for your inquiry.  To receive the $1,000 Whatever Loan, you must not have caused MFCU a loss, must be at your place of employment for at least 6 months, have direct deposit in your checking account at MFCU before funds will be disbursed.  The $1,000 Whatever Loan will be available until December 29.  If you have any other questions before you come in, please contact our Call Center at 855.835.6328 x. 0 for personalized service.  We look forward to helping you find your happy!

Whatever Loan
11/3/2017 12:31 PM Alexandrea S. from Midland, MI
Hi!

Are there any specific documents that we need to bring in for the whatever loan? Thanks!
Reply From Members First Credit Union:

Thanks for your inquiry.  When you come in to apply for the Whatever Loan, please bring in your most recent pay stub.  One of the requirements is to have direct deposit into an MFCU checking account, and this can prove that.  If you have any other questions, please contact our Call Center at 855.835.6328 x. 0 for personalized service.  We look forward to helping you find you happy!

11/2/2017 9:19 PM Greg R. from Farwell, MI
Are you open November 24th
Reply From Members First Credit Union:

Thanks for your inquiry.  We will be closed on November 23, 23, and 25 this year in honor of the Thanksgiving holiday.  Our Online Banking and ATMs are available for 24/7 access to your account.  Please let us know how we can help you find your happy!

Mrs.
11/2/2017 8:50 AM Karen G. from Clare, MI
Hi I was just curious, my son and I have a joint account, he has direct deposit and I have the time on the job. Would we be eligible for the whatever loan? Thanks so much.
Reply From Members First Credit Union:

Thanks for your inquiry.  A member must have direct deposit and six months at their place of employment to qualify for the Whatever Loan.  We cannot combine the requirements among other members on the account.  We also have some other lending options is the Whatever Loan doesn't meed your needs.  If you have any other questions, please contact us at 855.835.6328 for personalized service, or stop in to your favorite branch.  We look forward to helping you find your happy!

Whatever Loan
10/30/2017 2:38 PM Clarissa T. from Six Lakes, MI
How do I apply for this loan? I am a current account holder with this credit union.
Reply From Members First Credit Union:

Thanks for your inquiry.  To apply for the Whatever Loan, please come see a loan officer at your favorite branch.  We look forward to helping you find your happy!

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Members First Credit Union | P.O. Box 2165 | Midland, MI 48641
Phone 855-835-MFCU (6328) | mail@mfcu.net

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We do business in accordance with the Fair Housing Law.