Affordable Options to Finance Just About Anything

Our No Hassle Loan is a convenient option to get fast cash when you need it. Use the $1,000 to pay bills, finance a large purchase, pay an unexpected expense, and more. 

• $1,000 for 12 months

• Low interest rate of 8.25%*

• No Credit Checks

• Same Day Approval

• A $50.00 convenience fee will apply

*Disclosure: Must have at least one year as a member of First Alliance Credit Union, at least one year at your current job, and a six-month history of direct deposit with First Alliance Credit Union. All other existing loans must be in good standing before a No Hassle Loan will be provided. Proof of employment may be required. $50 convenience fee will be applied. No Hassle Loan Payment Example: $1,000 loan at 8.25% interest rate + $50 convenience charge = 17.56% Annual Percentage Rate (APR) for a monthly payment of $92.00. Member's may only have one No Hassle loan at a time. Refinancing options may be possible if 50% of the previous balance is paid down. See a Lending Advisor for complete details.

Personal loans, also referred to as signature loans, are among the most flexible loans available. You can use the funds for numerous purposes, including financing your dream wedding or vacation, consolidating your debts, repairing your car, or even covering adoption expenses. Personal loans offer a convenient financing solution and come with the following features:

• Unsecured – you won't need to provide collateral, such as a car or house

• Fixed Rate – your payments won’t change over the life of the loan

• Fixed Term – you'll know exactly how long it will take to pay off your loan

• Flexible Amounts – we can offer loans up to $40,000 per borrower to meet your unique needs

Our Best Personal Loan Rates:

• Term of 12 to 36 months at 10.24% APR*

• Term of 37 to 60 months at 11.24% APR*

Effective September 25, 2024

*APR = Annual Percentage Rate. Rates are quoted "as low as" and are subject to an evaluation of your credit. Rate may vary from rates shown. Rates subject to change without notice.

If you have no credit history or have damaged credit, then a credit builder loan could help you. A credit builder loan is a way to establish a positive credit history that rewards you for paying off the loan.

How a credit builder loan works:

A credit builder loan isn't a loan in the traditional sense. Rather than getting a sum of money upfront that you have to pay back, instead we place the money into a certificate of deposit (CD) for you. You’ll select the amount and term of the loan and then make fixed payments to pay off the loan.

Once you’ve paid off the principal of the loan, including the interest, we will transfer the funds from the CD to your account. You’ll walk away with a current record of paying off a loan on time on your credit report and a decent sum of money that you can save, invest or put towards a financial goal.

First Alliance Credit Builder Loan Details:

• Minimum Loan Amount: $1,000

• Loan Term: 12 months—36 Months

• Interest rate: Certificate of deposit interest rate plus 6.00%, maximum of 17.99%*

• Payment history reported to credit bureaus to build your credit score

• Saved funds are released to you after the loan term expires

• No skip-a-pay option with credit builder loans

*Payment Example: if you open a credit builder loan for $1,000 with a 24-month term, we would open a $1,000 CD. If the dividend rate for a 24-month CD is 2.20%, the interest rate on the credit builder loan would be 8.20%. Your monthly payment in this case would be $45.32, and once you pay off the balance of your loan at the end of 24 months, we release the total amount of the CD, $1,044.94, to your checking account.

A personal line of credit lets you be ready for both unexpected expenses and life's amazing moments. A First Alliance Personal Line of Credit is designed to provide you with easy access financing when you need it most. 

Personal lines of credit are helpful for covering larger expenses such as:

• Home Improvements

• Car Repairs

• Debt Consolidation

• Vacation expenses

• Wedding expenses

• Veterinary Bills 

Features and Benefits of a Personal Line of Credit:

• Minimum credit lines start at $5,000

• Variable low rate based on the prime rate and an evaluation of your credit.

• No funds transfer fees

• No annual fees

• Only make a payment if you have a balance

• Easy access from with online and mobile banking

Our Best Personal Line of Credit Rate:

• Open-ended term at 11.00% APR*

Effective September 25, 2024

*APR = Annual Percentage Rate. This APR will vary with the market based on the Prime Rate published in the Wall Street Journal. Rate may vary from rates shown. Rates subject to change without notice. 

Over drawing your checking account happens....just make sure you’re prepared to cover overdrafts when they happen with a convenient overdraft line of credit!

How It Works:

An overdraft line of credit is attached directly to your checking account. When an overdraft occurs a transfer is made automatically from your overdraft line of credit to your checking account to cover the amount you over spent. No one will ever know you didn't have enough funds, except for you. You will then make payments on your line of credit monthly until you no longer have an outstanding balance on the line of credit. 

For fast cash, you can also transfer funds from your line of credit to your checking or savings account using your First Alliance online and mobile banking account.

• No annual fees

• No funds transfer fees

• Minimum credit limit of $500

• Access through Online & Mobile Banking and at ATMs

Our Best Rate for Overdraft Lines-of-Credit

• Open-ended term at 11.49% APR*

Effective September 25, 2024

*APR = Annual Percentage Rate. Rates are quoted "as low as" and are subject to an evaluation of your credit. Rate may vary from rates shown. Rates subject to change without notice.

Personal Loan Rates

Term of 12 - 36 months at 10.24% APR*

Term of 37 to 60 months at 11.24% APR*

Personal Line Of Credit

Open-ended at 11.00% APR*

Overdraft Line Of Credit

Open-ended at 11.49% APR*

No Hassel Loan

Term of 12 months at 8.25% Interest Rate**

Credit Builder Loan

Term of 12 to 36 months at CD Interest Rate + 6.00%***

Effective September 25, 2024

*APR = Annual Percentage Rate. Rates are quoted "as low as" and are subject to an evaluation of your credit. Rate may vary from rates shown. Rates subject to change without notice.

**Interested rate quoted does not include the $50 convenience fee applied to all No Hassle Loans. No Hassle Loan Payment Example: $1,000 loan at 8.25% interest rate + $50 convenience charge = 17.56% Annual Percentage Rate (APR) for a monthly payment of $92.00. 

***Final rate dependent upon selected certificate of deposit dividend rate, plus 6.00%, up to a maximum of 17.99% Annual Percentage Rate (APR). See member advisors for complete details.

To begin a Payment Protection Claim through TruStage Group, please fill out a claim form here.

If you prefer, call 1-844-707-4964 to begin the process and a TruStage Group Claims Specialist will guide you through the process.