Home > Loan Products > Unsecured Loans
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Unions gained much of their fame many years ago from their willingness
to make unsecured loans to members for various purposes. A member's signature,
which constitutes his/her agreement to repay the loan according to its
terms, is the only 'collateral' involved. A member's good
character, capacity to repay, and good credit history are the foundation
for these loans. Today, credit unions, unlike banks, still make these
loans to their members for worthwhile purposes and at great
rates
without requiring them to obtain a credit card at a higher rate of
interest. For those members who desire them, credit unions offer
credit
cards also. However, the rates are generally much lower than that of the
competition. CCCU offers several types of unsecured loans at great rates and terms:
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