Personal loans

Need a set amount of cash with flexible repayment terms and affordable rates? Get an Alaska USA signature loan, pledge of shares or pledge of certificate loan.

What kinds of personal loans are offered by Alaska USA?

The credit union offers the following personal loans:

Signature loan - a personal loan with your signature as the guarantee

Pledge of shares loan - a loan secured with a set amount you have on deposit in a savings account at Alaska USA

Pledge of certificate loan - a loan secured with the funds you have deposited in a certificate account at Alaska USA

What are the benefits of a signature loan?

With a signature loan, you get access to cash without having to tie up other assets. And, unlike other forms of personal credit (like a credit card), you have a fixed rate and term so you can budget the same payment amount every month.

What are the benefits of a pledge of shares loan?

If you have the money you need in an Alaska USA share account, but don't want to spend it all today, you should consider a pledge of shares loan. Since you continue to earn dividends on your funds, you end up with an extremely affordable loan. Pledge of shares loans are also a great way to establish or re-establish credit!

Can I access the money in my savings account once I have a pledge of shares loan?

You can access any of your funds that have not been pledged, and as you pay down your loan, more funds become available.

What are the benefits of a pledge of certificate loan?

Like a pledge of shares loan, the pledge of certificate loan is secured by money you already have on deposit at Alaska USA. Borrowing against your certificate account gives you the flexibility of accessing cash while still earning dividends on your funds - plus, you avoid any withdrawal penalty that may apply prior to certificate maturity.

How much credit can I get with a personal loan?

Signature loan - typically one half to one and one half times your monthly income, depending on credit qualifications.

Pledge of shares loan - up to the balance of your unencumbered Alaska USA share savings account or any other unencumbered Alaska USA share savings account on which you are a  joint owner of the funds.

Pledge of certificate loan - up to the full balance of your unencumbered Alaska USA certificate

What rates are offered on personal loans?

For current rate information, log on to www.alaskausa.org or call the Member Service Center.

What kind of terms and payment options are available?

Signature loan - up to 36 months; paid monthly

Pledge of shares loan - up to 144 months; paid monthly.

Pledge of certificate loan - a maturity date up to, but not later than, the maturity date of the certificate; paid monthly or on maturity of the certificate (single payment loans may not exceed one year)

What kind of fees can I expect to pay?

There are no application or origination fees on personal loans.

How do I apply?

Apply online or by phone anytime! Just log on to www.alaskausa.org or call the Member Service Center. Or visit any Alaska USA branch location.

Highlights

Get cash fast with a signature loan, pledge of shares or pledge of certificate loan from Alaska USA.

No application or origination fees.

AKUSA 02378-I R12/15/08