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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 11/5/2018

The $1,000 Whatever Loan is not available at this time.  We have plenty of other options to fit your needs!  Learn more here: https://www.mfcu.net/Lending.

The $1,000 Whatever Loan with no credit score limit* is back for a limited time.

What is a Whatever Loan? 

It’s a loan to help you do “whatever” you need!

Whether you want to give your family the best holiday season yet, finally catch up on those bills, or even just get ready for the long winter ahead, the Whatever Loan could be right for you.

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 $96.31 and an annual percentage rate of 22.80% APR.  Insurance not required.  Additional restrictions may apply.

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Comments
Whatever loan
1/8/2019 1:24 AM Zakary B. from Midland, MI
I'm curious are you still doing the 1000 dollar whatever loan
Reply From Members First Credit Union:

Thanks for your inquiry.  The $1,000 Whatever Loan ended on December 31, 2018.  We still have plenty of other lending options that fit your needs.  Please contact us at 855.35.6328 x.0 to learn more!

1/7/2019 7:17 PM an anonymous user.
Is the whatever loan over?
Reply From Members First Credit Union:

Whisper,

This is Rachel from Members First Credit Union. The Whatever Loan is no longer available, but we have many other lending options to help find a solution for you. Please stop into a branch, visit us online at mfcu.net or give us a call at 855.835.6328.

Thank you,

Members First Credit Union 

12/18/2018 5:26 PM an anonymous user.
My husband and I are both self employed but are interested in the Whatever Losn. Is there a way to do direct deposit if you are self employed?
Reply From Members First Credit Union:

Thanks for your inquiry.  Since this is a very account-specific question, please contact us at 855.835.6328 x.0 for personalized service.  We look forward to helping you find your happy!

Whatever loan
12/13/2018 1:41 PM John M. from Grand rapids, MI
How long does it take for the whatever loan to show up or be deposited in your account?
Reply From Members First Credit Union:

Thanks for your inquiry.  Once you are approved, it may take up to 4 or 5 business days to be deposited into your account.  If you need your funds sooner, please stop in to a teller at your nearest branch.  If you have any other questions or concerns, please contact us at 855.835.6328 x.0.  

12/13/2018 9:43 AM an anonymous user.
How long does it take to be approved or denied online?
Reply From Members First Credit Union:

Thanks for your inquiry.  After you submit the applicaiton online, you will be contacted by a Member Relationship Officer to discuss your appplicaiton.  This usually takes between 1-2 days, depending on the amount of applicaitons.  Once you are approved, it may take up to 4 or 5 business days to be deposited into your account.  If you need your funds sooner, please stop in to a teller at your nearest branch.  If you have any other questions or concerns, please contact us at 855.835.6328 x.0.  

12/12/2018 11:46 PM an anonymous user.
Can u get a whatever loan if u have other loans and are not a member and are a member at 2 other banks
Reply From Members First Credit Union:

Thanks for your inquiry.  To be eligible for the Whatever Loan, you must be a members at Members First Credit Union.   Once you set up your membership and share in the credit union, there are a few more requirements.  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.  You may still be eligible for the Whatever Loan if you have loans elsewhere.  If you have other questions about your eligibility for the Whatever Loan, please contact us at 855.835.6328 x.0.  We look forward to helping you find your happy!

12/11/2018 5:18 PM Kimberly N. from Midland, MI
When does the anytime loan end
Reply From Members First Credit Union:

The $1,000 Whatever Loan is available for a limited time - usually ending on December 31.  Apply now at mfcu.net/whateverloan.  We look forward to helping you find your happy!

12/10/2018 10:34 PM an anonymous user.
If I am retired and it is my only income, can I get approved for a whatever loan?
Reply From Members First Credit Union:

Thanks for your inquiry.  If you're funds are direct deposited into an MFCU checking acount, that counts toward that requirement.  In addition, you must not have caused MFCU a loss, must be at your place of employment for at least 6 months, and be eligible for membership.  To learn more about your eligibility, please contact us at 855-835-6328 ext.0 or apply at mfcu.net/whateverloan.  We look forward to helping you find your happy!

12/10/2018 9:13 PM Nicole W. from Harrison, MI
I applied online last week for the whatever loan, and I haven't heard anything back yet. I just opened an account at the end of November, but my direct deposit has already been started collecting in my mfcu checking account and I have been employed by my employer for just shy of three years now. Is there a way to tell if I will get the loan or not?
Reply From Members First Credit Union:

Thanks for your inquiry.  It seems like you have everything in order, but if you applied online, you should be hearing from one of our Member Relationship Officers on the status of your application shortly.  We look forward to helping you find your happy!

Whatever loan
12/10/2018 3:25 PM Kimberly N. from Midland, MI
Van you get the whatever loan if u have a signature loan?
Thanks
Reply From Members First Credit Union:

Thanks for your inquiry.  Yes, you can get a Whatever Loan if you have a signature loan, provided you meet the other requirements.  Those included having 100% of your net pay direct deposited into your MFCU checking account, must not have caused MFCU a loss, and must be at your place of employment for a minimum of 6 months. To learn more about the Whatever Loan, please contact us at 855.835.6328 ext 0 or apply online at www.mfcu.net/whateverloan.  We look forward to helping you find your happy!

12/3/2018 3:56 PM Gordon P. from Midland, MI
I received a letter a few months back saying you can't get a whatever loan if you have the revolving loan also? Is that still the case?
Reply From Members First Credit Union:

Thanks for your inquiry.  You are now only able to have the $1,000 Whatever Loan OR the Fast Cash Line of Credit, instead of both.  One of our Loan Officers would be happy to speak with you about your options.  Please come in to your favorite branch, or contact our Contact Center at 855.835.6328.  We look forward to helping you find your happy!

Becoming a member and loan
12/1/2018 4:24 PM an anonymous user.
My dad is a current member and was telling me about the whatever loan. Do you have to be a member for a certain amount of time to qualify for the loan? Is there. What does no credit score limit mean?
Reply From Members First Credit Union:

Thanks for your inquiry.  You do not need to be a member for a certain amount of time, but we do need to make sure that your direct deposit is coming in to a Members First Credit Union checking account. Additionally, we require that you be at your place of employment for 6 months and have not caused MFCU a loss.  'No credit score limit' means that there is no minimum credit score required in order to be eligible for this loan.  IF you have other specific questions or would like to learn more about your eligibility, please contact us at 855.835.6328.  We look forward to helping you find your happy!

No DD
12/1/2018 12:24 PM an anonymous user.
Being my employer doesn’t allowe direct deposit, how would i get that to allow me to have a mfcu especially being i have A seperate bank account that I place my checks into so i can Divide up my monthly dues
Reply From Members First Credit Union:

Thanks for your inquiry.  Unfortunately, the $1,000 Whatever Loan is only available if you have direct deposit set up in to an MFCU checking account.  If the Whatever Loan doesn't work for you, we have several other lending options to fit your needs.  Please contact us at 855.835.6328 x.0.  We look forward to helping you find your happy!

SHORT Employment
11/27/2018 8:02 PM James A. from Aragon, GA
Hello. I've been working steady for over 5 years with barely any lapse. But I've only been at my current company for just over 3 months. I've been a MF credit union member for many years. Is there a chance I can still get approved so I can catch up on some bills?
Reply From Members First Credit Union:

Thanks for your inquiry.  One of the stipulations is that you must be at your current employer for 6 months.  Are you a member of Members First Credit Union in Michigan or Georgia?  We are located in Michigan.  If you have any other questions, please contact us at 855.835.6328 x. 0.  Thanks!

Whatever loan
11/26/2018 4:25 PM Gabriel R. from Grand Rapids, MI
Is the monthly payment only 96.31? Or do they need to calculate interest into your payments first?
Reply From Members First Credit Union:

Thanks for your inquiry.  That is an estimated monthly payment, based on what time your came in for the loan, but that estimate does include fees.  While your exact payment may be different, that is an close approximation to what your payment would be. To get an accurate idea of how much your payment would be, please contact a loan officer at your favorite branch or call us at Contact Center at 855.835.6328 ext. 0.  We look forward to helping you find your happy!

Whatever laon
11/23/2018 11:45 AM Derick F. from Shepherd, MI
I was trying get online to apply for whatever loan and can not access my online banking account to apply.
Reply From Members First Credit Union:

We are so sorry about the inconvenience, please contact our Contact Center to access your Online Banking at 855.835.6328. ext. 0.  We look forward to helping you find your happy!

11/19/2018 12:24 PM an anonymous user.
Can I still apply if my main job recently changed, but have a direct deposit of over 5 years with another job and am still employed at both places?
Reply From Members First Credit Union:

Thanks for your inquiry.  Yes, you would still meet the employment qualification.  To learn more about the other qualifications, you can contact our Contact Center at 855.835.6328 x.0.  Or you can apply online at www.mfcu.net/whateverloan.  We look forward to helping you find your happy~

Checking account
11/5/2018 10:18 PM Monica B. from Gladwin, MI
How can I get a checking account domi need an appointment
Reply From Members First Credit Union:

Thanks for your inquiry.  You don't need an appointment to set up a checking account. Just come in to your local branch with 2 forms of ID (like a drivers license, passport, Social Security card, etc.)  If you don't already have a savings account with us, you will need to bring in $5 for that, it is your membership in the credit union.  You should also bring in a paystub, so you can set up direct deposit in to your MFCU checking, which is a requirement for the Whatever Loan.  If you have any other questions, please contact us at 855.835.6328 x.0.  We look forward to helping you find your happy!

Time
11/5/2018 5:08 PM an anonymous user.
If I applied for the whatever loan today around 10, how long does it take to hear if i am approved? I didn't hear back from anyone today.
Reply From Members First Credit Union:

Thanks for your inquiry.  We've been a little busy on opening day, but if you have yet to be contacted, please reach out to us at 855.835.6328 x.0.

11/5/2018 4:51 PM an anonymous user.
Like to apply for the $1,000 whatever loan.
Reply From Members First Credit Union:

Thanks for your inquiry.  You can come in to any of our 11 branches, or you can apply online at www.mfcu.net/whateverloan.  If you have any other questions, please contact our Contact Center at 855.835.6328 x. 0.  We look forward to helping you find your happy!

11/5/2018 1:49 PM Kari D. from Harrison, MI
How long is the Whatever loan available for?
Reply From Members First Credit Union:

Thanks for the inqury.  There is not an official end date, but in the past the Whatever Loan has been available until December 31.  We look forward to helping you find your happy!

11/5/2018 8:48 AM Melanie i. from Farwell, MI
Can you apply online?
Reply From Members First Credit Union:

Thanks for your inquiry.  Yes, you can apply online at www.mfcu.net/whateverloan.  If you have any other issues, please contact our Contact Center at 855.835.6328 x. 0.  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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