Members First Credit Union
Members First Credit Union

Forgot Password
Go to main content Menu
About MFCU > The Whatever Loan is back!
The Whatever Loan is back!
Authored By: Katie Stoeckle on 11/1/2016

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.

 

To get your Whatever Loan faster, here’s a list of what you’ll need to have before you can enjoy the benefits:

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

 

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 $93.93 and an interest rate of 22.90% APR.  Some restrictions may apply.

Share: Share on Facebook: The Whatever Loan is back! Share on Twitter: The Whatever Loan is back! Share on Google Plus: The Whatever Loan is back!


« Return to "MFCU Blog"
Comments
Whatever loan
11/4/2018 5:22 PM Robert B. from Beaverton, MI
Iíve been able to get the whatever loan for the last couple years and was told that I might not be able to get it this time because of a couple missed payments which I feel like were a mistake because I switched jobs and my checks were still deposited on Fridayís I just wasnít aware that I need to let you guys know that I had done that I just figured the money would come out of my account, there was never a Friday that my check wasnít in there. Just curious of my options.
Reply From Members First Credit Union:

Thanks for your inquiry. Since this is a very account-specific question, please contact our Contact Center at 855.835.6328 x.0.  We look foward to helping you find your happy!

Whatever loan
10/22/2018 7:42 PM Gary C. from Alma, MI
So i did the online application when i received the preapproved for the whatever loan was wondering when will i get a call from the office to finalize it
Reply From Members First Credit Union:

Thanks for your inquiry.  We are following up in the order they received.  If you've been preapproved, make sure you check your email for documents to sign!  We look forward to helping you find your happy.

12/28/2017 11:21 AM an anonymous user.
I have two questions. When does the Whatever Loan offer end? I know that this is for a limited time. The second question is regarding setting up an account with Members First. Can I arrange for direct deposit of a portion of my paycheck? I am currently set up to have my paycheck deposited into a different account because I am in the final stages of paying of my current car loan.
Reply From Members First Credit Union:

Thanks for your inquiry.  The Whatever Loan ends December 29, so there is still one more day to apply!  When setting up an account, 100% of your net pay must be deposited into an MFCU checking account to receive a Whatever Loan.  IF you have any other questions, please contact us at 855.835.6328 x.0 for personalized service and answers.  We do have plenty of other lending options if the Whatever Loan does not meet your needs.  We look forward to helping you find your happy!

11/29/2017 1:20 PM an anonymous user.
What all do I need to open an account. Im active at another credit union and am interested in switching...and applying for the whatever loan. I do have direct deposit. Do you have to have a certain balance to ooen an account?
Reply From Members First Credit Union:

Thanks for your inquiry.  There is not a minimum balance to have an account, but we do require a $5 deposit, that is your share in the credit union.  Additionally, to receive the $1,000 Whatever Loan, you need to set up direct deposit into an MFCU checking account.  In order to set up an account with us, please stop in to your nearest branch.  Be sure to bring in a state-issued ID, social security card, and $5 for the initial deposit.  Here are some other forms you can bring in, but they are only optional, not required: http://www.mfcu.net/SwitchToMFCU.  We look forward to having you as a member! 

11/12/2017 6:39 PM an anonymous user.
How long do you have to be a member in order to get the loan. I don't have an account but would like to set one up. I also have been on maternity leave and will be going back to work shortly so my pay stub is from a couple months ago would I still qualify for the loan?
Reply From Members First Credit Union:

Thanks for your inquiry.  Yes, you must be a member to receive the $1,000 Whatever Loan.  You can come set up an account, along with direct deposit into an MFCU checking account (one of the stipulations of the Whatever Loan).  Additionaly, you would need to be currently working with a current paycheck within the last month. Those on medical leave would need to wait until they receive their first check after returning to work.  The Whatever Loan will be available until the end of the year, so there is still time depending on when you return to work.  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!

12/20/2016 10:09 AM an anonymous user.
My boyfriend and I share an account and both of our checks are direct deposited but his goes into savings and mine goes into checking. Can I get the whatever loan if he all ready got it?
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!

Husband
12/14/2016 5:22 PM an anonymous user.
I have an account but it's my husbands check that is direct deposited into the account. Is that alright as long as he is listed on my account?
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!

Whatever loan
12/7/2016 2:30 PM Sherry L. from Sanford, MI
I am not a member and my check is direct deposited into my checking account. Would I have to open an account to qualify for this loan with you.
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!

12/3/2016 1:39 PM an anonymous user.
Hi, my job does not offer direct deposit but I do deposit my check in my checking account each week. Could I still qualify for the whatever loan if I had a payment come out of my check each week?
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!

11/27/2016 5:59 PM an anonymous user.
My husband and I both qualify for the whatever loan. Are we able to apply for the loan separately?
Reply From Members First Credit Union:

Thanks for your inquiry.  You and your husband are both eligible to apply separately for the $1,000 Whatever Loan, but there must be direct deposit of your net pay coming in to the separate accounts. To apply for the $1,000 Whatever Loan, please stop in to your favorite branch.  If you have more questions before you apply, please contact our Call Center at 855.835.6328 x.0 for personalized service.  We look forward to helping you find your happy!

Insurance
11/27/2016 3:17 PM Daniel H. from Bay City, MI
I have a portion of my pay direct deposited into my checking, and a portion into another account. Do I 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 confirm this by stopping in to your favorite branch or contacting our Call Center at 855.835.MFCU x.0 for personalized service.  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!

11/17/2016 9:02 AM Jeanne R. from Mount Pleasant, MI
I was wondering I have my SSDI direct deposited in my checking account at MFCU.

I have been a member since 2014. Does SSDI qualify ?
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!

11/16/2016 1:03 PM Stefani P. from Midland, MI
How long does the $1,000 whatever loan last?
Reply From Members First Credit Union:

Thanks for your inquiry about the $1,000 Whatever Loan.  We don't have an exact end date for the Whatever Loan, as it is only available for a limited time.  In the past few years, the Whatever Loan has concluded around December 31, but we cannot guarantee that will happen again this year.  In order to figure out the best lending opportunity for your needs and circumstances, 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!

11/16/2016 11:12 AM Ashley W. from Mt pleasant, MI
Is there anything that could cause you not to be approved for the whatever loan? As long as you are a member and have direct deposit into your checking account?
Reply From Members First Credit Union:

Thanks for your inquiry.  In order 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, and be eligible for membership.   In order to figure out the best lending opportunity for your needs and circumstances, 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!

11/14/2016 9:07 AM an anonymous user.
I'm a stay at home mom with no personal source of income, but a portion of my husband's paycheck is placed into my account each pay period. Does that qualify me for this particular loan?
Reply From Members First Credit Union:

Thanks for your inquiry.  One of the stipulations for the $1,000 Whatever Loan is to be at your place of employment for at least 6 months.  In order to figure out the best lending opportunity for your needs and circumstances, 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!

11/7/2016 1:01 PM an anonymous user.
I'm just short of working at my current place of employment for 6 months. Are there any exceptions, would it still be possible to get this loan or is there a different loan that would be better for me, for example the personal loan?
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!

11/6/2016 8:20 PM Marie G. from harrison, MI
how much income must you have to get the whatever loan?
Reply From Members First Credit Union:

Thanks for your inquiry.  There is no income requirement or credit score limit in order to recieve the Whatever Loan.  However, you  must be at your place of employment for at least 6 months, have direct deposit in your checking account at MFCU and must not have cause MFCU a loss in order to be eligible for the Whatever Loan   To learn more about the Whatever Loan, please contact us at 855.835.6328 x.0 or apply at your favorite branch.  We look forward to helping you find your happy!

11/4/2016 6:05 PM an anonymous user.
Do you have to be 18 years of age to take out the whatever loan?
Reply From Members First Credit Union:

Thanks for your inquiry.  You must be 18 years of age to qualify for general membership and the Whatever Loan.  We do have a Youth Loan for Student Club members under the age of 18. Stop in to your favorite branch or contact us at 855.835.6328 to learn more about the Whatever Loan and Youth Loan opportunities!

11/3/2016 5:42 PM Mercedes M. from Mt pleasant, MI
Will paying back the whatever loan help my credit score?
Reply From Members First Credit Union:

Thanks for your inquiry.  By having the Whatever Loan payment on your payroll for an automatic transfer of payment, it will show you having 12 consecutive on time payments, which is a positive impact on your credit score.  If you would like to learn more about the Whatever Loan, stop in to your favorite branch or contact us at 855.835.6328 x. 0.  We look forward to helping you find your happy!

Question
11/3/2016 10:37 AM an anonymous user.
Will I be eligible for this if I become a new member?
Reply From Members First Credit Union:

Thanks for your inquiry.  New members can definitely apply for the Whatever Loan!  It's important to note that one of the requirements for the Whatever Loan is direct deposit into an MFCU checking account. If approved for the loan, you may set up direct deposit during the application process. As soon as the first direct deposit appears on the account, we can move forward with processing the Whatever Loan.  If the Whatever Loan doesn't meet your needs, we have plenty of other lending options available.  Please stop in to your favorite branch or contact us at 855.835.6328 x. 0 for personalized service and answers.  We look forward to helping you find your happy!

11/3/2016 2:15 AM Keith C. from Mt. Pleasant, MI
Can you still get the whatever loan if your account is in the negative?
Reply From Members First Credit Union:

Thanks for your inquiry.  The best way to learn about your qualification options is to come in to see a loan officer at your favorite branch.  They will be able to look at your account offer you with the best option to fit your needs.  You can also contact our Call Center at 855.835.6328 x.0 for personalized service.  We look forward to helping you find your happy!

Direct Deposit
11/2/2016 9:45 PM Joshua H. from Coleman, MI
I was wondering if i don't get my checks direct deposited , would i still be eligible to get this loan?
Reply From Members First Credit Union:

Thanks for your inquiry.  One of the requirements for the Whatever Loan is direct deposit into an MFCU checking account. If approved for the loan, you may set up direct deposit during the application process. As soon as the first direct deposit appears on the account, we can move forward with processing the Whatever Loan.  If the Whatever Loan doesn't meet your needs, we have plenty of other lending options available.  Please stop in to your favorite branch or contact us at 855.835.6328 x. 0 for personalized service and answers.  We look forward to helping you find your happy!

11/2/2016 9:39 AM Michael S. from Beaverton, MI
My wife and I have been Members for 30 years starting back when it was just Central MI Credit Union in Gladwin. Throughout our whole time being a member all of our loans have been paid out of our Savings account (which I have direct deposit into each week). Do we have to have a checking account in order to be eligible for this loan or will you draw payments from our savings like our other loans are?
Reply From Members First Credit Union:

Thanks for your inquiry.  One of the requirements for the Whatever Loan is direct deposit into an MFCU checking account. If approved for the loan, you may set up direct deposit during the application process. As soon as the first direct deposit appears on the account, we can move forward with processing the Whatever Loan.  If the Whatever Loan doesn't meet your needs, we have plenty of other lending options to fit your needs.  Please stop in to your favorite branch or contact us at 855.835.6328 x. 0 for personalized service and answers.  We look forward to helping you find your happy!

11/1/2016 3:48 PM Marla H. from Midland, MI
curious to see what other options are available other than the anytime loan if I no longer have direct deposit
Reply From Members First Credit Union:

Thanks for your inquiry.  Learn more about other lending options to meet your needs at http://www.mfcu.net/OtherLendingOptions.  We look forward to helping you find your happy!

Post Comment

(Only last initial will display on comment)

(Not displayed on Comment)





What's this?
captcha
Go to main navigation Go to main navigation
Find Your Happy

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

Federally insured by NCUA.
We do business in accordance with the Fair Housing Law.