Wondering how to get a loan from a credit union? Greater Nevada Credit Union loan experts are here to help you understand the process and simplify the terminology so you can find the loan that works for you.
How to Get a Loan
Getting a Credit Union Loan Is Simple
8 Steps to Getting a Loan from Greater Nevada Credit Union
Gone are the days of lengthy loan applications. All that paperwork. All that waiting. Thanks to Greater Nevada’s secure online application portal, obtaining a loan for yourself is as simple as following the steps below from the convenience of your home.
1. Determine Loan Needs
What is the loan amount and what will the money be used for? A new (or new to you) car or truck, an education, or perhaps to start a new business? Start with why.
2. Check Your Credit Score
Your credit score that comes from pulling your credit report is one of the most important pieces to securing the best interest rate possible. Our members can take advantage of our free My Credit Health feature within Digital Banking for a one-stop-shop to access your credit score, credit monitoring, and more. All without impacting your credit score, and all online.
3. Compare Loan Types
Each Greater Nevada loan is designed to fit a specific need. There are even sub-categories of loan types (i.e. fixed vs. variable rate), so understanding these differences is important.
4. Decide Whether a Credit Union is Right for You
Traditional banks are set up to benefit their bottom line for their shareholders, while credit unions exist to serve their members by offering flexible terms and competitive rates. As a not-for-profit financial cooperative, Greater Nevada is an excellent option for your next loan.
5. Can You Meet the Credit Union Membership Requirements
As long as you can meet the credit union membership requirements (which Greater Nevada’s is that you live or work in any of Nevada’s 17 counties, or you’re an immediate family member of someone who does), you can apply for a loan without being a member first. You’ll then join the credit union as a new member if you are approved for your new loan. It’s a win-win proposition.
6. Gather Documents Needed
From basic identification to details of your credit and employment history, it’s time to gather the paperwork needed for approval.
8. Explore All Options with Our Friendly Lending Experts
Our local team of consultants have heard almost every question imaginable, and they’re ready to walk you through the steps to choosing a loan based on responsible lending practices to find the right option to meet your personalized needs.
What are the Benefits of a Loan With a Credit Union?
Greater Nevada offers interest rates that compare positively with other financial institutions not only in Nevada, but across the nation.
A loan with Greater Nevada is not just a transaction. It’s a chance to also strengthen your credit and your financial future with on-time payments that get reported to the major credit bureaus.
Whatever your stage of life, we will work to try and find you a loan with monthly payments you are comfortable with.
From boat, car and home loans to those that help kickstart your education or career, we’re here for you.
Unlike banks, which answer to corporate shareholders, we only answer to our member-owners.
Questions about the loan process? Feel free to call us. We’re here to help.
Additional Banking Services
Greater Nevada is here to help you every step of the way when it comes to handling your money. These resources will help make your experience a fully-informed one.
Apply for a Greater Nevada Credit Union Loan
When you apply for a loan, you’re unlocking a world of potential from GNCU. Explore our other services with the tools below.