2040 Valleydale Rd Birmingham (Alabama) 
Overview
The personal loan options available from Mutual Savings Credit Union help fund any project or special purchase. Our personal loans are categorized into two groups – Secured and Unsecured. Each of these categories features multiple types of loans designed to fit your budget’s needs.
HOW TO JOIN
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Our online application process uses a third party service. Please note that Mutual Savings Credit Union has no control over the accuracy of the information, nor the security of the site you are about to visit and makes no warranty thereof.
If you do not wish to use the third party application process we will be happy to call you and take your application over the phone. Alternatively please visit your nearest branch.
Unsecured Loans
Unsecured personal loans may feature a higher rate but they don’t require any collateral. These loans can be used to help fund a project on a timeline or help with unexpected expenses.
Single Payment Loans
Single Payment loans are great if you know the exact amount of your expense. This loan features up to a 3-month repayment term.
Personal Line of Credit
Personal lines of credit means having an amount of money set aside that you can access. This amount of money can be used to pay bills, buys gifts or to use for other projects. This loan features up to a 24-month repayment term.
Closed End Loan
Closed end loans are commonly used for larger expenses. Because of this, longer repayment terms make it easier on your budget. This type of loan features up to a 60 month repayment term.
Deposit Secured
Your personal loan’s interest rate could be reduced when you use your Mutual Savings Credit Union share account or share certificate as collateral.
• The repayment terms for your loan secured by your share or share certificate can be extended up to 60 months.
• Mutual Savings Credit Union also offers a single payment secured loan that features a 12-month repayment term.
