Mistakes happen. We understand things out of your control can take a toll on your credit report and budget. We offer a 2nd Chance Loan to help our members get their finances back in order.**

  • Borrow up to $5‚000
  • 36 months repayment term
  • 18% APR*
  • Direct deposit or payroll deduction required — assuring all your payments are made on-time.
  • Build savings as you repay — a portion of your payment goes directly into a club savings account.
  • No collateral required — all we need is your commitment to credit repair and your signature!
  • No penalty for pre-payment
  • $50.00 application fee

To qualify for the loan‚ simply pay the $50 non-refundable application fee to us and complete the application process. You must have no other unsecured loans with HUEFCU outstanding.

Learn how to raise your credit score while you build savings and good habits for managing your money. This loan can help you reestablish your credit as we report monthly on your credit report. This is a great opportunity to pay off some smaller balances that have been a burden. Visit our office to speak with a HUEFCU representative.

2nd Chance Loan Terms and Rate

Effective April 1, 2023
Max AmountTermsas low as APR*Sample Payment
$5,00012 months18.00%$93.30/$1,000 for 12 mos.
*Annual Percentage Rate. Your rate will vary based upon credit worthiness and other account services criteria. Not all borrowers will qualify for the lowest rate. Rates are subject to change without notice.

Get started today!

**Restrictions apply. This loan is designed to pay down outstanding debt. No cash will be disbursed directly to the borrower. The credit union will review the borrower’s credit report to determine what bills can be consolidated up to the $5‚000 maximum. All proceeds of this loan will be in the form of a check made payable directly to the creditor(s) identified from the borrower’s credit report.