There are two primary types of installment loans, secured and unsecured. Secured installment loans use borrower’s assets as collateral for the money being borrowed. By using collateral, secured loans usually have a lower interest rate than unsecured loans. Unsecured installment loans do not require collateral. Our experienced staff at Generations Federal Credit Union will work with you and help determine which type of installment loan is right for you.
Perfect for buying equipment, expanding operations or other large investments
Flexible rate and terms to fit your budget
Predictability of a fixed schedule since the maturity is set and the payment, both principal and interest rate, are constant.
To be eligible for these products and services, you must live, work, worship, volunteer, attend school or own a business in Atascosa, Bandera, Bexar, Comal, Guadalupe, Kendall, Medina and/or Wilson County, Texas. All immediate family members of those listed above are also eligible for membership.