Don’t let the cost of education keep you from pursuing it. We can help.
Low competitve rates
- Zero origination or prepayment fees
- Low interest rates
- Simple one-time online application
- Deferment of principal and interest while in school
- Flexible repayment terms including graduated repayment for two years
- Line of Credit structure for new loan providing the convenience of accessing the funds as you need them
Visit Our Resource Center
Want to learn more? Check out our Student Lending Center.
Refinance with MembersAlliance and get $500 on us!
With details about federal student loan repayment and cancellation finally announced, and interest rates continuing to climb, now could be the perfect time to consider refinancing your student loans. If you have loans that won’t qualify for the federal measures, let MembersAlliance help you take control with our student loan refinance solution!
Refinance and consolidate your private and/or federal student loans* including PLUS loans, setting up one convenient payment and potentially saving on interest or monthly payments.
And for a limited time1, get $500 cash deposited into your account when you refinance with MembersAlliance on us!
Our student loan refinance option comes with:
- Competitive interest rates – fixed and variable rate options
- Loan limit up to $40,000
- Flexible repayment terms to fit your needs
- Easy online application and instant credit decision
- A relationship with a local, not-for-profit lender you can trust
Click here to apply now or stop in at any of our locations to take advantage of this offer!
Whether you want to lower your interest rate, pay your loans off sooner, or reduce your monthly payment, we’ve got options to fit your needs. Don’t forget to first apply and receive any federal student relief offered before refinancing. You can see our blog for more information on the recent debt relief program.
Have questions about refinancing? View our Guide to Refinance or reach out to our College Counselor.
*By refinancing federal student loans, you may lose certain borrower benefits from your original loans, including interest rate discounts, principal rebates, or some cancellation benefits that can significantly reduce the cost of repaying your loans. It is important to remember that if you refinance some or all of your federal student loans into a private student loan with MembersAlliance Credit Union, you will lose access to any current or future federal student loan benefits, such as potential debt cancellation or income-driven repayment options. For more information, visit studentaid.gov or contact your federal student loan servicer.
1 To qualify, the loan application must be started between 10/1/2022 and 6/30/2023. Upon approval and disbursement of your refinance loan, the primary borrower will receive a cash deposit of $500. The cash deposit will be awarded in the form of a deposit to your credit union checking or savings account within 90 business days from the funding date of the loan. The primary borrower must be a credit union member in good standing at the time of deposit. Limit one cash award per borrower. The credit union reserves the right to modify the terms of this offer at any point in the future for new applications. Recipient is responsible for any applicable federal, state, or local taxes associated with receiving the cash deposit; consult your tax advisor to determine applicable tax consequences.
Refinancing and consolidating your private and federal student loans into one manageable loan, setting up one convenient payment and potentially lowering your rate. Fixed and Line of Credit structured loans available.1 Learn more at our Student Lending Center.
Student Loan Payoff Calculator
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Need to make your loan payment?
You have a variety of options available to you for making your payment. Review and determine what best fits your needs.
Learn & Earn is an educational incentive program geared to equip our members with personal finance lessons.
This program offers a wide variety of courses that offer fun and interactive learning. Along with the learning is reward earning. From loan discounts to amazon e-gift cards, there is something for everyone.
Check out our college student reward below.
College finance survival guide ($5 Amazon e-gift card)
Feel overwhelmed by navigating financial aid and the cost of living on your own for the first time? We are here to help! These courses, articles, and calculators will help you get a handle on how to apply for FAFSA, find the hidden expenses of college, and make a budget so that you can tackle college finances with confidence.
Not only do you get some awesome prep for college, but you also receive a $5 amazon e-gift card!
How do I get my reward?
- Must be 18-21 to be eligible
- Must have an account at MembersAlliance
- Complete all material in this section
Once completed, a MembersAlliance employee will verify membership and send the e-gift card to your email account within seven business days.
Rewards disclaimer: Members must be in good standing, and are eligible to receive each available incentive one time per member only. Members must meet each tutorial’s requirements to receive the corresponding incentive. Incentive eligibility and payout is subject to review and approval by MembersAlliance Credit Union. Loan discounts and closing costs available on approved loans. Loans subject to credit approval. Some restrictions may apply. MembersAlliance employees are not eligible. Individual incentives may be rejected if MembersAlliance determines the individual does not qualify for redemption or attempts to subvert the intended nature of the program for personal gain.
1Subject to qualification and annual credit review.
This calculator compares the costs of buying or leasing a vehicle. There are three sections to complete, and you can adjust and experiment with different scenarios.
- Net cost of buying $0
- Net cost of leasing $0
A fixed-rate, fixed-term CD can earn higher returns than a standard savings account. Use this calculator to get an estimate of your earnings. Move the sliders or type in numbers to get started.
- Total value at maturity $0
- Total interest earned $0
- Annual Percentage Yield (APY)0.000%
Whether it's a down payment, college, a dream vacation...a savings plan can help you reach your goal. Use the sliders to experiment based on length of time and amount per month.
- Monthly deposit needed to reach goal $0
This calculator can help you get a general idea of monthly payments to expect for a simple loan. Move the sliders or type in numbers to get started.
- Estimated monthly payment $0
- Total paid $0
- Total interest paid $0
Autos, Trucks and Motorcycles
New Auto, Trucks, Vans, Motorcycles (New 2024; New untitled 2023)
| Term | Rate (as low as) | Pmt/$1,000 |
|---|---|---|
| 24-54 Months | 5.00% | $43.87 -$20.72 |
| 55-78 Months | 5.25% | $20.50- $15.16 |
| 79-84 Months | 6.25% | $15.48 - $14.74 |
| 85-96 Months / $40,000 Min. | 7.25% | $15.08 - $13.76 |
Used Auto, Trucks, Vans, Motorcycles (2023-2019)
| Term | Rate (as low as) | Pmt/$1,000 |
|---|---|---|
| 24-54 Months | 5.25% | $43.98 - $20.84 |
| 55-78 Months | 5.25% | $20.50 - $15.16 |
| 79-84 Months | 6.25% | $15.48 - $14.74 |
Used Auto, Trucks, Vans, Motorcycles (2018-2016)
| Term | Rate (as low as) | Pmt/$1,000 |
|---|---|---|
| 24-54 Months | 5.25% | $43.98 - $20.84 |
| 55-78 Months | 5.25% | $20.50 - $15.16 |
| 79-84 Months | 6.25% | $15.48 - $14.74 |
Used Auto, Trucks, Vans, Motorcycles (2015 and older)
| Term | Rate (as low as) | Pmt/$1,000 |
|---|---|---|
| 24 Months | 5.50% | $44.09 |
| 25-36 Months | 6.00% | $42.65 - $30.42 |
| 37-48 Months | 6.25% | $29.79 - $23.60 |
| 49-60 Months / $20,000 Min. | 6.50% | $23.29 - $19.57 |
Rates disclosed are As Low As Rates, which are based on the A+ credit discount (credit score >740) and Multiple Service discount (active checking account with direct deposit).
Loan rates may vary based on credit evaluation. Monthly Payment Installment samples shown are based on every $1,000 borrowed and the minimum term and maximum term within each term range.
Computer and Other Durable Goods
| Term | Rate (as low as) | Pmt/$1,000 |
|---|---|---|
| 24 Months | 7.00% | $44.79 |
| 36 Months | 8.00% | $31.35 |
| 48 Months | 9.00% | $24.90 |
Rates disclosed are As Low As Rates, which are based on the A+ credit discount (credit score >740) and Multiple Service discount (active checking account with direct deposit).
Loan rates may vary based on credit evaluation. Monthly Payment Installment samples shown are based on every $1,000 borrowed and the minimum term and maximum term within each term range.
Home Equity - Fixed Rate - Up to 80% Loan to Value
| Term | Rate (as low as) | Pmt/$1,000 |
|---|---|---|
| Up to 60 Months | 6.00% | $44.32 - $19.34 |
| 61-120 Months | 6.25% | $19.18 - $11.23 |
| 121-180 Months | 6.75% | $11.42 - $8.85 |
Rates disclosed are As Low As Rates, which are based on the A+ credit discount (credit score >740) and Multiple Service discount (active checking account with direct deposit).
Monthly Payment Installment samples shown are based on every $1,000 borrowed. Rates may vary based on credit evaluation. Rates subject to change without notice. Closing costs may vary if out of the Rockford area, an appraisal is required, or a release of mortgage is recorded.
Home Equity Line of Credit - Adjustable Rate - Up to 80% Loan to Value
Rate discounted at 8.125% for the first year. Adjusts to the Wall Street Journal Prime Rate annually, which is currently at 8.250% Maximum APR = 18% Annual Fee = $10.00
Rates disclosed are As Low As Rates, which are based on the A+ credit discount (credit score >740) and Multiple Service discount (active checking account with direct deposit).
Monthly Payment Installment samples shown are based on every $1,000 borrowed. Rates may vary based on credit evaluation. Rates subject to change without notice. Closing costs may vary if out of the Rockford area, an appraisal is required, or a release of mortgage is recorded.
IRA/CD Rates
| Type/Term | Minimum Opening Deposit | Rate | APY | Penalty for Early Withdrawal |
|---|---|---|---|---|
| Base IRA (Primary, Education, Roth) | $500 | 0.100% | 0.100% | N/A |
| 3 Month CD* | $500 | 0.499% | 0.500% | 90 Days* |
| 6 Month CD** | $500 | 0.748% | 0.750% | 90 Days |
| 12 Month CD | $500 | 4.500% | 4.602% | 180 Days |
| 18 Month CD | $500 | 0.995% | 1.000% | 180 Days |
| 24 Month CD | $500 | 1.094% | 1.100% | 180 Days |
| 30 Month CD | $500 | 1.144% | 1.150% | 180 Days |
| 36 Month CD | $500 | 1.197% | 1.200% | 180 Days |
| 48 Month CD | $500 | 1.345% | 1.350% | 365 Days |
| 60 Month CD | $500 | 1.493% | 1.500% | 365 Days |
Minimum Deposit = $500.00. A penalty will or may be imposed for early withdrawals. *3 month CD not eligible for IRAs.** 6 month CD not eligible for Roth and Education IRAs.
Money Market Accounts
| Balance | Rate | APY |
|---|---|---|
| $2,500 - $9,999.99 | 1.000% | 1.005% |
| $10,000 - $24,999.99 | 1.242% | 1.250% |
| $25,000 - $99,999.99 | 1.489% | 1.500% |
| $100,000+ | 1.735% | 1.750% |
Off Road RVs, Snowmobiles and Jet Skis
New Snowmobile, Off-Road RV, Jet Ski (New 2024; New untitled 2023)
| Term | Rate (as low as) | Pmt/$1,000 |
|---|---|---|
| 24 Months | 5.50% | $44.11 |
| 36 Months | 6.00% | $30.43 |
| 48 Months | 6.50% | $23.73 |
| 60 Months | 7.00% | $19.82 |
Used Snowmobile, Off-Road RV, Jet Ski (2023-2015)
| Term | Rate (as low as) | Pmt/$1,000 |
|---|---|---|
| 24 Months | 6.00% | $44.33 |
| 36 Months | 6.50% | $30.65 |
| 48 Months | 7.00% | $23.96 |
| 60 Months | N/A | N/A |
Rates disclosed are As Low As Rates, which are based on the A+ credit discount (credit score >740) and Multiple Service discount (active checking account with direct deposit).
Loan rates may vary based on credit evaluation. Monthly Payment Installment samples shown are based on every $1,000 borrowed and the minimum term and maximum term within each term range.
Personal Loans (Unsecured)
| Loan Type/Term | Rate (as low as) | Pmt/$1,000 |
|---|---|---|
| Unsecured - Signature Loan 6 Months | 5.50% | $169.35 |
| Unsecured - Signature Loan 12 Months | 6.50% | $86.30 |
| Unsecured - Signature Loan 18 Months | 7.50% | $58.92 |
| Unsecured - Signature Loan 24 Months | 8.50% | $45.46 |
| Unsecured - Signature Loan 36 Months | 9.50% | $32.04 |
| Unsecured - Signature Loan 48 Months | 10.50% | $25.61 |
| Unsecured - Signature Loan 60 Months | 11.50% | $22.00 |
| Unsecured - Line of Credit | 10.90% | 3% of Limit |
Rates disclosed are As Low As Rates, which are based on the A+ credit discount (credit score >740) and Multiple Service discount (active checking account with direct deposit). Not available on Unsecured Line of Credit Loans.
Loan rates may vary based on credit evaluation. Monthly Payment Installment samples shown are based on every $1,000 borrowed and the minimum term and maximum term within each term range.
Primary Mortgage
Conventional Mortgages - 5% Down
| Term | Points | Rate (as low as) | Pmt/$10,000 | APR |
|---|---|---|---|---|
| 15 Year Fixed Rate | 0.000 | 5.125% | $82.05 | 5.522% |
| 15 Year Fixed Rate | 1.000 | 4.625% | $79.45 | 5.016% |
| 20 Year Fixed Rate | 0.000 | 5.875% | $72.59 | 6.161% |
| 20 Year Fixed Rate | 1.000 | 5.375% | $68.09 | 5.791% |
| 30 Year Fixed Rate | 0.000 | 5.875% | $59.15 | 6.304% |
| 30 Year Fixed Rate | 1.000 | 5.500% | $56.78 | 6.019% |
| 5/1 Year ARM | 0.000 | N/A | N/A | N/A |
| 7/1 Year ARM | 0.000 | N/A | N/A | N/A |
| Construction | 0.000 | N/A | N/A | N/A |
FHA Mortgages - 3.5% Down
| Term | Points | Rate (as low as) | Pmt/$10,000 | APR |
|---|---|---|---|---|
| 15 Year | 0.000 | 6.125% | $89.82 | 7.271% |
| 20 Year | 0.000 | 6.000% | $77.43 | 7.787% |
| 25 Year | 0.000 | 6.000% | $70.10 | 7.644% |
| 30 Year | 0.000 | 5.875% | $64.75 | 7.417% |
| 5/1 Year ARM | 0.000 | N/A | N/A | N/A |
Monthly Payment Installment samples shown under rates are based on every $10,000 borrrowed. Mortgage Loan Rates & APR are based on $175,000 loan. Rates are subject to change daily. Please contact the credit union for current rates at 815-226-2260.
Recreational Vehicles (Boats, Motor Homes, 5th Wheels, Travel Trailers, Campers)
New Recreational Vehicles (New 2024; New untitled 2023)
| Term | Rate (as low as) | Pmt/$1,000 |
|---|---|---|
| 25-54 Months | 6.00% | $42.66 - $21.18 |
| 55-78 Months | 6.75% | $21.20 - $15.88 |
| 79-90 Months | 7.00% | $15.84 - $14.32 |
| 91-126 Months / $40,000 Min | 7.50% | $14.45 - $11.50 |
| 127-180 Months / $40,000 Min | 8.00% | $11.71 - $9.57 |
| 181-246 Months / $60,000 Min. | 8.50% | $9.83 - $8.61 |
Used Recreational Vehicles (2023-2016)
| Term | Rate (as low as) | Pmt/$1,000 |
|---|---|---|
| 25-54 Months | 6.00% | $42.66 - $21.18 |
| 55-78 Months | 6.75% | $21.20 - $15.88 |
| 79-90 Months | 7.25% | $15.96 - $14.45 |
|
91-126 Months / $40,000 Min |
7.75% | $14.58 - $11.63 |
| 127-180 Months / $40,000 Min | 8.25% | $11.84 - $9.71 |
Used Recreational Vehicles (2015 and older)
| Term | Rate (as low as) | Pmt/$1,000 |
|---|---|---|
| 25-54 Months | 7.00% | $43.11 - $21.65 |
| 55-78 Months | 7.25% | $21.43 - $16.12 |
| 79-90 Months | 7.50% | $16.09 - $14.57 |
| 91-126 Months / $40,000 Min. | 8.25% | $14.83 - $11.90 |
Rates disclosed are As Low As Rates, which are based on the A+ credit discount (credit score >740) and Multiple Service discount (active checking account with direct deposit).
Loan rates may vary based on credit evaluation. Monthly Payment Installment samples shown are based on every $1,000 borrowed and the minimum term and maximum term within each term range. Additional terms available.
Savings/Checking Rates
| Accounts | Rate | APY | Minimum Opening Deposit |
|---|---|---|---|
| Savings Account/Business Savings Account | 0.100% | 0.100% | $25 |
| Youth Accounts | 0.100% | 0.100% | $25 |
| Free Basic Checking | 0.00% | 0.00% | No Minimum Deposit Required |
| MyCashback Checking | N/A | N/A | No Minimum Deposit Required |
| HSA Checking | 0.00% | 0.00% | No Minimum Deposit Required |
| Business Checking | 0.00% | 0.00% | No Minimum Deposit Required |
| Christmas Club | 0.100% | 0.100% | No Minimum Deposit Required |
| Vacation Club | 0.100% | 0.100% | No Minimum Deposit Required |
Share (CD) Secured
| Loan Type/Term | Rate |
|---|---|
| Savings Secure Loan with CD Account | 2.00% Over CD Rate |
Student Loans
| Student Loans | ||
|---|---|---|
| Loan Type | Fixed Rate* | Variable Rate** |
| Undergraduate – Line of Credit | 4.250% | 5.000% |
| Loan Consolidation (5 year) | 4.250% | 5.000% |
| Loan Consolidation (10 year) | 4.750% | 5.250% |
| Loan Consolidation (15 year) | 5.250% | 5.500% |
Floor Rate: 3.00%, Ceiling Rate: 18.00%. *Includes 0.25% discount for auto-pay. ** Adjusts quarterly based on the Prime Rate.
Visa Credit Card
| Card Type | APR for Purchases, Cash Advances and Balance Transfers |
|---|---|
| Visa Platinum Rewards Card | 8.90% to 17.90% |
APR is based on your creditworthiness at the time of account opening.