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Emergency Loans

At VLFCU, we understand that unexpected events can drain your finances and leave you wondering what to do next.

We can help you navigate those challenges and offer you relief with various options designed to help rebuild your financial stability and improve your credit score.

Let us help you accelerate your financial future today! Review our Emergency Loan products below and click the request info button to get started.

Apply for an emergency loan at any branch in Sandusky, Vermilion, Norwalk and Huron or call us at 1-800-691-9299 to get started.

Membership is required. Not currently a member? Become a member and start enjoying exclusive benefits from a local network today!

Kickstart Auto Emergency Loan

It’s hard to get where you are going without a set of reliable wheels. Our Kickstart Auto Loan will get you back in the driver’s seat. It also offers the opportunity to lower your interest rate by 1% after six months of on-time payments, which helps get your credit back on track!

You are eligible if you’ve been both:

  • A VLFCU member for a minimum of 3 months
  • Employed a minimum of 6 months*

Loan Details:

  • Model Years 2014 to 2023
  • Borrow between $7,000 to $15,000
  • Rates from 7.99% to 16.00%
  • Flexible terms up to 60 months
  • Eligible for 1% rate reduction after six months of on-time payments**

*Proof of income required.

**Member must request the 1% rate reduction after 6 months of on-time payments. Limit one reduction per life of loan.

Loan processing and title fees apply. All loans are subject to credit approval. The rates and APR may differ depending on the term, credit qualifications, or loan-to-value. For example, a $15,000 loan at a rate of 7.99% will have a 8.53% APR and result in 60 monthly payments of $304.08. Programs, rates and terms subject to change or cancellation without notice.

Simplicity Consolidation Emergency Loan

There is no need to juggle overdue bills and stress about which ones you can afford month-to-month.

The VLFCU Simplicity Consolidation Loan can combine debt like credit cards, rent, and overdue bills into one simple monthly payment. By settling your debts and making on-time payments to VLFCU, you will be on your way to rebuilding your credit score.

You are eligible if you’ve been both:

  • A VLFCU member for a minimum of 3 months
  • Employed a minimum of 6 months*

Loan Details:

  • Borrow between $1,200 to $10,000
  • Rates from 13.99% to 16.99%
  • Flexible terms up to 60 months
  • Eligible for 1% rate reduction after six months of on-time payments**

*Proof of income required.

**Member must request the 1% rate reduction after 6 months of on-time payments. Limit one reduction per life of loan.

Loan processing fee applies. All loans are subject to credit approval. The rates and APR may differ depending on the term, credit qualifications, or loan-to-value. For example, a $10,000 loan at a rate of 13.99% will have a 14.22% APR and result in 60 monthly payments of $232.63. Programs, rates and terms subject to change or cancellation without notice.

911 Emergency Loan

Emergencies happen! No matter the reason, there are times when we need immediate assistance.

At VLFCU we don’t want you to be caught off guard and think that your only option is a high-interest payday lender. Let us provide you with lower rates and fees to make that emergency less expensive!

Loan Details:

  • Borrow up to $500
  • Flexible terms up to 12 months
  • Rates from 10.99% to 15.99%*
  • No processing fees

Requirements:

  • Employed a minimum of 3 months with proof of income, alternate methods available
  • Valid government issued ID to open a new account
  • $5 to become a member (provided by VLFCU if applicant completes a budget class**)

Use of Funds:

  • Utilities
  • Rent
  • Security deposit
  • Living expenses
  • Emergency funds

*All loans are subject to credit approval. The rates and APR may differ depending on the term, credit qualifications, or loan-to-value. For example, a $500.00 loan at a rate of 10.99% will have a 10.99% APR and result in 12 monthly payments of $44.20.  **This $5 is considered a dividend and will be reported on IRS Form 1099-INT.

Programs, rates and terms subject to change or cancellation without notice.

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