What’s your big dream, goal, or plan? Whatever it is, we can help you afford it.

Key Features

  • Competitive Rates
  • Local Processing
  • Quick Decisions

Unsecured Personal Loan

  • Amounts up to $35,0001
  • Terms from 12 to 180 months2
  • No collateral required — your signature is all we need

Enjoy affordable financing for a wide variety of personal needs: personal projects, vehicle repairs, vacations, and so much more. You'll get attentive, friendly service from start to finish.

Secured Personal Loan

  • Finance almost any dream, goal, or plan affordably
  • Funds secured with your savings or share certificates
  • Competitive rates for a wide variety of personal needs3

Use your savings or share certificates as collateral to get affordable financing for just about anything. Borrow from $500 to $3,000, with terms of up to 48 months. Plus, you'll enjoy fast and easy in-house processing — all done here in the East Bay. 

  • Finance all kinds of needs at a competitive rate
  • More affordable than regular payday loans
  • Easy application process with lenders who care

Stay away from payday loans that can be more trouble than they’re worth. If you’re in a pinch, we’d love to have the chance to help you out.

How ECIL Works

More about the Cooperative Center Emergency Cash Infusion Loan:

  • No minimum FICO score is required
  • Must be a credit union member in good standing for at least three months
  • Must be employed for a minimum of three months or have a regular source of verifiable income for that same period
  • Direct deposit must be equal or greater than amount requested4
  • Terms are one (1) to five (5) months, dependent upon loan amount. No prepayment penalty
  • One (1) Emergency Cash Infusion Loan at any time; no rollovers and no time extensions
  • A limit of three (3) Emergency Cash Infusion Loans in a six-month rolling period
  • Loan Amounts: Minimum $100 Maximum $1,000

Learn about building emergency savings in this short online course. You can also watch this short video on how payday loans work.

Applying for a line of credit is another option. It includes a limit of up to $600 and 12 months to repay. Interest rate is 9.77%.

The way the program works:

Borrow up to $10,000 with a repayment term of 60 months (5-years)
Borrow from $10,001 - $15,000 with a repayment term of up to 84 months (7-years)
Borrow from $15,000+ with a repayment term of up to 120 months (10-years)

Max loan amount $35,000 not to exceed 75% of share price. Proceeds of loan to be paid directly to the cooperative housing.

What’s needed from borrower:

Maximum debt ratio – 45%
Established credit history, between 24 – 36 month based on amount requested
Comparable credit lines
Proof of income

What’s needed to finalize the loan:

Letter of acceptance from the coop
Inspection of property
Verification that property taxes are current
Title search

1Maximum aggregate unsecured loans to any one member is $35,000.

2Terms are based on amount borrowed.

3Note: The interest charged on the loan is practically offset by dividends on earned shares, so vary with interest charged for this loan.

4Maximum loan amount without direct deposit is $400.