Contact us All-Purpose Personal Loans

Flexible, affordable loans intended to meet any need.


Everyone has different objectives through life and they change constantly. Arapahoe Credit Union’s personal loans have you covered.

Personal loans are incredibly flexible. You might use one to bridge a short term gap in your finances or get a high-dollar item that’s been just out of reach.

Persoal Loans:

What are the possibilities?

Personal loans come in where other loans may fall short. It doesn’t really matter too much what it is you are looking for. We see people use these to fund car repairs. We also see them used for something as simple as a new school computer. Other times a person may use the money to help pay tuition, consolidate debt or help with an emergency. We loan up to $30,000 with approved credit and offer flexible terms to keep your payment affordable.Personal Loans with No collateral
  • A less expensive loan: We offer low rates for all of our loans, which adds up. On a large loan, a low rate can save thousands.
  • An affordable payment: The length and term of your loan is largely determined by your situation. We want you to find the mix of a good payment and the shortest term.
  • No hidden fees or other worries: Being at a credit union entitles you to loans, accounts and services at low to no fees. A personal loan is the same. You can expect to borrow without a penalty just for paying your loan early.
Please let us know if you have any questions. When you are ready, you can also apply here.

Looking to lower your rate? If you have collateral— usually a car, truck or other vehicle— we can probably get you a lower rate loan. Instead of doing an unsecured, we basically make it into an auto loan and you will probably pay even less.

Rates and Disclosures

A secured loan will let you borrow against accounts that you hold at the credit union. Securing a loan like this will let you borrow at some of the lowest rates possible while you enjoy a potential credit boost.

Secured Loans:

Why would I use this?
Securing a loan against your own money can be useful in a couple of ways. First, it allows you to build credit. If you have a poor credit history, it may be difficult to impossible to get a normal loan. However, secured loans are always much, much easier to get because you are backing it up with collateral. Second, it gives your loan a fantastically low rate. Because there is very little risk, you can borrow for a very low cost.

How does it work?
Secured Loans for cheap borrowing/ Credit Builders
Once we get you approved, we will put a hold on the pledged funds. (This will either be a certificate of deposit or a savings account.) You take your loan and use it how you want. Then pay it back each month or set up auto payments. Meanwhile, we will be reporting it to the credit bureaus. As you pay on schedule, your credit report starts to see positive history. As your balance goes down you also show a better debt ratio (see the building credit tab).

A secured loan has these benefits:

  • Relatively easy to get: Because there is collateral, we can be a bit more flexible in the approval process.
  • Improve your credit: Pay your loan as agreed and we will make sure that your credit reports show your payment history with us. This is usually the first step towards better credit.
  • Get an inexpensive loan: You don’t have to be building or rebuilding credit. Other people will just want to borrow without using their savings. Either way, your loan will cost you very little compared to unsecured loans.

Everyone’s situation is different. If you are not sure what the best move is, let us know. Our staff is here specifically as your advocate. Even if you aren’t ready, we can help to guide you and answer any questions. When you are, you can fill out the loan application here.

Rates and Disclosures

Overdraft protection is one of the most helpful banking products you can have. It not only protects you from mistakes, but also gives you flexibility to go beyond your paycheck.

Overdraft Protection:

An overdraft protection loan will, of course, help make sure that you are covered if you run short on funds. However, it also gives you flexibility and coverage if anything else were to happen. Say that an insurance company makes a mistake and charges your account early. An overdraft protection account can likely prevent the mess that you are left to clean up. You can also pull from these loans without any fees. At Arapahoe Credit Union, your loans are considered yours to do with as you need. You won’t see any usage fees or steep alternate rates.

Overdraft lines of credt are:

Checking and account protection
  • Cheaper: If you pay your loan off regularly, the interest ends up being nickels and dimes compared to overdraft fees or payday loans.
  • Functional: An overdraft line of credit is going to save you time and effort. If you have an item returned for non-sufficient funds, you are likely going to end up in a collection situation with that merchant. We can help you avoid their fees and processes.
  • Versatile: There are a number of ways to use your overdraft line-of-credit. Some people use them strictly to cover items that would otherwise get returned. Others use it to bridge their paycheck when they come up short. Others may want to keep them for emergencies.
We see overdraft lines of credit on almost every kind of account here. So long as you have a checking account, you are eligible to apply for one of these loans. If you don’t have a, those are usually pretty easy too.

If you aren’t concerned about over-drafting, you might consider a credit card to for similar benefits.

Rates and Disclosures

The Problem:


One of the biggest financial obstacles for a lot of people is their credit score. A low score will generally cost you tens (if not hundreds) of thousand in interest throughout your life. That is, if it doesn’t stop you from even getting loans. Additionally, good credit carries a number of benefits that most people don’t realize. For example, a person with good credit will: Financial Education Financial Education

  • Avoid utility deposits.
  • Get lower insurance.
  • See more loan approvals.
  • Pay far less for the loans that they do have.


If you can save $500 a year on insurance and another $2,500 from mortgage interest, isn’t that worth a little effort to improve your score? While it can be tedious, it can also definitely be done. Most people just need a better understanding of what goes into their score.

Arapahoe Credit Union Your Score: Your score is made up of five major categories and each has a different weight. Here is what you should consider:
  • Payment history is how well you pay your loans as agreed. You simply pay on time and your profile should improve. This category is approximately 35% of your score.
  • Capacity is the how you use your credit. That is, do you carry high balances or do you pay your loans off regularly? Are your cards maxed out? Capacity counts for about 30% of your score.
  • How long you have had your credit is next on the list. If you just started out or are recovering from a bankruptcy, your score will not have a long history and this can hurt. On the plus side, your score will improve if you maintain the accounts you do have. Length of credit counts for about 15% of your score.
  • Applying for various credit can bring you down. If a credit bureau sees you apply too often, they may think that you are intentionally running up your credit. If this happens, your score might be damaged. Search and acquisition is about 10% of your score.
  • Types of credit can also make a difference. A credit bureau wants to see that you have diverse credit and use it all responsibly. They will generally reward your score if you maintain an installment loan (vehicles), a mortgage and an open line of credit like a credit card. — Variety of credit counts for about 10% of your total score.
Arapahoe Credit Union What You Can Do: There are some basic practices that will help improve your score:
  • Pay down your credit cards. You generally want to use less than a third of what’s available.
  • Continue making on-time payments. Older delinquencies will eventually drop off.
  • Slow down on new loans. You don’t want to make the bureaus nervous about your debt.
  • You can also move revolving debt to installment loans. This will help your credit mix.
  • If possible, get three forms of credit for your profile. We most likely have products available if you need them.
  • Pay collection accounts as soon as possible. They won’t go away until they are resolved. If they are illegitimate, look to dispute it.
Arapahoe Credit Union What not to do:
  • Do not close old cards. A longer history will benefit you in the long run.
  • Don’t miss payments. Even the minimum payment will keep a negative ding off of your report.
  • Don’t carry maxed out cards or high balances. A high balance will make you look less able to handle additional credit.
  • Don’t open rapid accounts. You want to stagger your loan applications and make sure that you don’t appear to be overwhelming yourself.
  • Try not to have more revolving (credit card type) loans to installment (vehicle type). An unbalanced mix may hurt you.
  • Try to avoid loans at finance companies.
Arapahoe Credit Union What We Can Do: Arapahoe Credit Union is a full time financial resource for you. Our loan specialists are as professional and knowledgeable as they get and can help you strategize your recovery. Generally there are going to be a few steps to start with:
  • Pull your credit report. Each consumer is entitled to one copy of their report once a year. annualcreditreport.com for your free copy. This will let you know exactly where you stand.
  • Bring your report to us. If you have any questions, we can help you out and let you know exactly what you need to be looking for.
  • Set up a plan. There are a number of approaches depending on your situation. Some people prefer to pay off the highest interest items first. This will potentially save you on interest payments. However, others prefer the snowball approach where you pay off your smallest balance loan (not necessarily the one with the highest rate). When that is finished, you funnel the extra funds into the next lowest balance. The goal is to give you psychological steam to remove your debt. You may have a preference or our loan officers might have a suggestion.
  • Follow through. Once you have a plan, it is critical that you do not stop. Once you can get your score back and your debt removed, you will have more options than you know. Perhaps you can secure that 3.5 percent mortgage rate or you might finally be able to get your perfect vehicle.
Arapahoe Credit Union What we have: Our credit union is dedicated to the financial success of our membership. We know that it can be hard to recover from a poor situation or decisions that still haunt you years later. That is why we have certain loan products and tools to help get you started (or started again).
  • Secured credit card. — Most people start with a secured credit card to help them rebuild. Essentially you put $300 or more into a savings account. We put a hold on those funds and issue you a credit card. You get every benefit of a regular card plus we report to the credit bureaus. If you pay on time, your history will start to show that.
  • Secured overdraft line-of-credit. — Another great tool to consider is a secured overdraft line-of-credit. It works the same as the secured credit card, but will help maintain your checking account. Most people actually do a combination of both for added credit history and the benefits of each.
  • Pass time loan. —One of the great disappointments of poor credit is the inability to get financing on a car loan. To get around this, we have the “Passtime” device which allows us to get you a vehicle loan at a relatively low rate, but it does becomes important that you pay on time. Please ask us for details.

Our Personal Loans...

Our personal loans are very straightforward, but there may also be other options depending on what you are looking to do. Let us know and our loan specialists will help guide you.

What you pay may vary based on credit, but we will always make sure you get the best loan we can offer. Rates and terms are subject to change without notice. Approval is required. All rates shown are in APR (Annual Percentage Rate). Payment example:
$15,000 at 12.9%APR for 60 months means you will pay just about $340.52. You do have to be a member, but why would you not want to be?

 

Got it!    Rates 

Our Personal Loans...

Our personal loans are very straightforward, but there may also be other options depending on what you are looking to do. Let us know and our loan specialists will help guide you.

What you pay may vary based on credit, but we will always make sure you get the best loan we can offer. Rates and terms are subject to change without notice. Approval is required. All rates shown are in APR (Annual Percentage Rate). Payment example:
$15,000 at 12.9%APR for 60 months means you will pay just about $340.52. You do have to be a member, but why would you not want to be?

Got it!    Rates 

Our Personal Loans...

Our personal loans are very straightforward, but there may also be other options depending on what you are looking to do. Let us know and our loan specialists will help guide you.

What you pay may vary based on credit, but we will always make sure you get the best loan we can offer. Rates and terms are subject to change without notice. Approval is required. All rates shown are in APR (Annual Percentage Rate). Payment example:
$15,000 at 12.9%APR for 60 months means you will pay just about $340.52. You do have to be a member, but why would you not want to be?

Got it!    Rates 

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