Get Ready for the $1,000 Whatever Loan!

10/6/2021

 

What is a whatever loan?
 

We’re excited to be bringing back the $1,000 Whatever Loan with no credit score limit* beginning on November 1!  

Just like in the past, there is no credit score limit, so you can get cash fast to pay down some of those bills, heat your home, take care of some needed repairs...or whatever.

Are you ready?

We want you to enjoy the benefits of the Whatever Loan as soon as possible. Whether you’ve received the Whatever Loan in the past or you’re looking to apply for the first time, here’s a list of what you’ll need to have in place:

•    Direct Deposit of your net pay into an MFCU checking account
•    Most recent pay stub

Appointments for the Whatever Loan will be available starting October 25, so make sure you are ready!

If the Whatever Loan doesn’t meet your needs, we have other lending options available.

 

*A $125 processing fee will be assessed and may be funded with the loan, bringing total loan amount to $1,125. 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 $1,125, covered with life and disability insurance, will have 12 monthly payments of $96.05 and an annual percentage rate of 22.378% APR. Insurance not required. Additional restrictions may apply.
 



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Comments
existing whatever loan
5/5/2022 4:03 PM Jeramy P. from Clare, MI
is it possible to attach another whatever loan to an existing account, or a top up loan to it??
Reply From Members First Credit Union:

Thanks for reaching out to us! While you can only have one Whatever Loan per account, it is possible to fund pne Whatever Loan with another, depending on where you are at with the payments and term. We recommend meeting with a loan officer to discuss the best option for you. Please visit your local branch or set up an appointment at https://www.mfcu.net/appointment. We look forward to chatting with you soon!

whatever loan
10/27/2021 6:12 PM TAMMY O. from Hemlock, MI
can we apply online? I have gotten a pre qualified letter the last two years but didnt get one this year I paid off my last loan wondering why i didnt get one this year
Reply From Members First Credit Union:

Hi Tammy, you can reach out to our Contact Center at 855.835.6328 x. 0 and they would be happy to look into that for you.

Whatever loan
10/23/2021 1:27 AM Zachary T. from Mount Pleasant, MI
Are you still allowing whatever loans to be done over the phone like last year?
Reply From Members First Credit Union:

We are offering appointments that can be scheduled online at www.mfcu.net/appointment. Please contact our Contact Center at 855.835.6328 x. 0 with any additional questions or concerns.

Pre-qualified
10/22/2021 2:32 PM Charlee W. from Midland, MI
I recently changed my address. If I don't happen to get the letter saying I'm pre qualified for the 1500 is there a way for you guys to see if I am
Reply From Members First Credit Union:

You can contact our Contact Center at 855.835.6328 x. 0 and they would be happy to look into that for you.

1500$
10/12/2021 11:58 AM Steve B. from Midland, MI
Is there still the 1500$ loan available this year?
Reply From Members First Credit Union:

We are offering a $1,500 for those members that are prequalified. If you are prequalified, you will be receiving a letter in the mail shortly. If you do not receive a letter, you can still apply for the $1,000 Whatever Loan when it begins on November 1. Please contact our Contact Center at 855.835.6328 x. 0 with any additional questions or concerns.

….
10/7/2021 2:08 PM an anonymous user.
What about the people who had it previously.? Do they still qualify for the 1500.? Or not doing that this year.?
Reply From Members First Credit Union:

We are offering a $1,500 for those members that are prequalified. If you are prequalified, you will be receiving a letter in the mail shortly. If you do not receive a letter, you can still apply for the $1,000 Whatever Loan when it begins on November 1. Please contact our Contact Center at 855.835.6328 x. 0 with any additional questions or concerns.

Whatever loan
10/7/2021 9:24 AM Melissa M. from Midland, MI
Needing a appointment please
Reply From Members First Credit Union:

Hi Melissa,

Appointments for the Whatever Loan will be available starting October 25. Once they are available, you can schedule them at www.mfcu.net/appointment. 

10/6/2021 5:07 PM Traci C. from Owosso, MI
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