CUTX Can Help

Sometimes you need a boost to reach a goal. Other times, the unexpected happens and you need help to manage it. At CUTX we have personal loans1 to cover your needs. They’re personal, flexible, and even let you skip a payment on occasion.

Personal Loan Rates

The Annual Percentage Rates (APRs) are accurate as of July 01, 2020 and are subject to change.

Term APR* Monthly Payment Per $1,000
24 Months 10.24% $46.26
36 Months 11.24% $32.85
48 Months 12.24% $26.45
60 Months 14.24% $23.39

Personal Loan

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Want to Build or Improve Your Credit Score?

Enroll in CUTX's credit improvement email series to start receiving helpful tips and methods for building your credit from the ground up, repairing damaged credit, and how best to monitor your reports from the credit bureaus.

Other Types of Personal Loans

Line of Credit

A personal line of credit is similar to a credit card. You can access your line of credit funds whenever you need them, and you only pay interest on what you borrow. Once you pay the balance down, you can re-borrow the funds as needed.

Secured Loans

Secured loans are the perfect way to use the money in your savings to establish credit or help rebuild damaged credit history — all for a very low interest rate. Choose either a Savings or CD Secured Loan, deposit the funds, then apply for the loan. It's that simple.

FAQs - Personal Loans

  1. If you are a member of CUTX: Log in to online banking and make a payment with a funds transfer.
  2. If not a member: Use your financial institution to pay via Billpay
  3. Pay over phone: Call 972-263-9497, choose option 4 for Member Services ($18 Service Fee may be applied to phone payments)
  4. Make a payment through Speedpay
  5. Make an automated payment through Telephone Teller:  Call 972-263-9497, choose option 1

The amount you can be approved for depends on what the loan is for, your credit score, your debt-to-income ratio, and your loan payment history. Because personal loans are unique to each member, the best approach is to use a loan calculator to determine how much you can afford, then apply online.

We can usually process a loan in one or two business days.

Our members use personal loans for all kinds of things—education, home improvement, buying a car, covering expenses during an emergency. Sometimes the personal loan is the best way to go, other times the expense would be better covered with an auto loan or a home equity loan. We can help you figure out the best solution for what you need.

Each loan is different. We have loans for as brief as six months or as long as 60 months. The longer the loan period, the lower the payments tend to be, but the greater the overall interest cost. Let our loan specialists help you decide how to structure your loan.

Skip a Payment is our program that lets you skip up to two qualified payments per year. To qualify, your payments must be up-to-date and you must have made at least four payments prior to skipping. Skip a Payment applies to personal loans but not personal lines of credit. Check out Skip a Payment here.

1. Loan approval and rates are subject to credit approval.