As of December 2015, First Community Credit Union offers auto, home, personal and business loans. Higher education loans and credit cards are also available at First Community Credit Union, reports the credit union. Loans from First Community have no application fee and no prepayment penalty. In addition, borrowers can repay these loans via direct deposit, payment coupons, automatic transfer or payroll deduction. Other repayment options include using online banking or the personal automated teller to make payments.
First Community Credit Union also offers credit life and credit disability payment protection. In addition, borrowers can add guaranteed asset protection to any vehicle, explains First Community Credit Union.
Personal loans at First Community are available in many forms including lifestyle loans, notes First Community Credit Union. These loans are useful for consolidating high-interest debt into a low-interest loan. These loans offer low fixed rates and monthly payments.
RediCash loans are lines of credit that allow a borrower to access pre-approved funds. A RediCash account also can be used as overdraft protection for individuals with a checking account at First Community Credit Union. Secured loans are personal loans that allow borrowers to borrow against a savings account or a CD at a lower rate. These loans are also useful for building or repairing credit.