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Rates as low as 9.39% APR¹

You could save thousands in interest when you consolidate credit card or other high-interest debt.

According to Experian, the average American consumer has over $6,500 in credit card debt.² Moving that balance to a Personal Loan could help to not only save on interest in the long run, but also make monthly payments more manageable.

Defer your first payment up to 90 days⁴

Apply by June 30, and you can be payment-free for the first 90 days.

Ready to get started?

Our online application takes less than five minutes from start to finish, and you can see your personalized rate upfront with no commitment and no impact to your credit.

See how much you could save with a Personal Loan

$6,500 Balance Paid Off Over 36 Months2

 Spectrum CU
Personal Loan		National Average Credit Card
Rate9.39% APR¹28.70% APR³
Est. Monthly Payment$208$271
Est. Interest Paid$984$3,268
Est. Savings: $2,284

 

See Your Rate

Life isn’t always predictable. Whether you’re stuck with an unexpected medical or tax bill or you need to take an unanticipated trip, a personal loan can help cover the costs.

A personal loan lets you borrow a lump sum of money and pay it back over a set time period.

Spectrum Credit Union offers personal loans at low fixed rates. We work with you to find the best loan for your situation — so while life may be unpredictable, your loan payments won’t be. 

Personal loans can help you:

  • Pay off unexpected medical or tax bills to avoid additional fees or penalties
  • Finance a major purchase
  • Consolidate credit card or multiple debts into one convenient loan with a set term

Advantages:

  • Save money by bringing high-interest debt into a lower rate with set terms
  • Borrow up to $25,0005
  • Flexible terms from 12 to 60 months5

 

Determine if debt consolidation is right for you.

 

Rates shown are "as low as." Rates are subject to change without notice. APR = Annual Percentage Rate.

¹ Annual Percentage Rate (APR) effective %%=v(@sendCompleteTime)=%%, and applies to terms of up to 36 months. Rates subject to change at any time without notice.

² Per experian.com, the average credit card balance carried was $6,730 as of Q3 2024. Calculations shown in the chart are for illustrative purposes only and are rounded to the nearest dollar. Actual interest paid may differ. Calculation results per bankrate.com.

³ According to Forbes Advisor’s weekly credit card rates report as of March 24, 2025.

⁴ Must apply between April 15, 2025, and June 30, 2025. At closing, you have the option to select up to 90 days of deferred loan payments on your personal loan. The actual number of days will depend on the terms of the loan. Interest will accrue on your personal loan beginning on the date the loan is funded and the first payment will be applied to interest accrued from the date the loan is funded to the first payment date and then to principal due.

⁵ Member must complete and submit a full loan application. Loans subject to application, credit qualification, and income verification. Minimum gross monthly income of $1,000 required. Loan amounts available between $2,000 and $25,000. Your APR will depend upon your credit history, term, and will be determined when a credit decision is made. Actual rates are disclosed to approved applicants in writing prior to loan consummation. Other restrictions may apply. Loan payment example: $31.98 per month per $1,000 borrowed at 9.39% APR for 36 months. This is a payment example. Your payment may vary. All loans subject to approval.

Ready to become a member? Let’s get started.

If you’re eligible for membership, we’re ready to hear from you. Not sure if you’re eligible? You can check if you qualify here.

Why join Spectrum Credit Union? Learn more.

From everyday finance to life’s big money moments, it’s better when you belong.