- Great option to avoid reaching your credit card limit
- Use for unplanned expenses or debt consolidation
- Can be structured as a line-of-credit
A personal loan is a loan that can be either secured by a Generations account, or unsecured, based on your credit. Personal loans offer fixed payment terms for the life of the loan so you know exactly how much you will pay each month for budgeting. If you prefer more flexibility, a Generations line-of-credit gives you access to funds only when you need them, with a lower rate and payments.
First-time borrowers and students are encouraged to participate in our jump-start classes to learn how to best use loans to avoid mistakes that can lead to damaged credit
Equal Opportunity Lender. The credit union makes loans and extends credit without regard to race, color, religion, national origin, sex, handicap, or familial status.
Table of Contents:
Part One: What Does Zero Mean?
This first of a two-part series seeks to uncover the truth behind the promise of zero as it pertains to credit cards, payday loans and pawnbrokers.
Part Two: What Does Zero Mean?
This second of a two-part series seeks to uncover the truth behind the promise of zero as it pertains to the rent-to-own industry, refund anticipation loans and car loans.
Give Yourself Some Credit
The bills are piling up and you don't know what to do. Maybe an unexpected medical expense put you behind, or maybe your hours at work were reduced. Whatever the reason, you're behind on your payments and your credit score is taking a beating. It's not too late to turn it all around.
The True Cost of Tax Refund Loans
The Real Game of Life
Enhancing Small Business Lending
Tighten Your Wallet and Your Waist
Building for your future, now!
Q. What should I expect to happen after I apply online?
A. Your online application will be processed quickly and efficiently, no longer than one working day.
Q. How do I make my payment?
A. You can make a payment to your personal loan from your eligible Generations' accounts via online banking when you click on the “Loans” tab. For your convenience, you can setup automatic payments to your loan from your accounts to occur monthly, bi-monthly, semi-monthly or weekly.
Q. How do I view my loan balance?
A. You can view your balance via Online Banking by selecting the “Accounts” tab, or by calling our automated voice response system at 210-229-1850.
Q. Are there any penalties if I prepay my personal loan?
A. No, there are no repayment penalties for your personal loan.
Q. Can I have more than one personal loan at the same time?
A. Yes, with credit approval, you may have more than one personal loan at a time.
To be eligible for these products and services, you must live, work, worship, volunteer or attend school in Bexar County, Texas. Family of current members are also eligible for membership.