Choose a country
United States
Select a city
Select a city
Select language
Select country
Choose a country
United States
United States
Việt nam

An In-depth Look at Mountain America Credit Union Personal Loans

When it comes to personal loans, credit unions offer a unique blend of features tailored to their members. This article unpacks the specifics of Mountain America Credit Union personal loans. From competitive interest rates, diverse loan amounts to member prerequisites, we offer an unbiased perspective to help you understand and navigate the landscape of credit union loans.
Offers: 2
Best Personal Loan Today 28.02.2024*
Personal Loans
Rating by Finanso®

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
2000.00 – 100000.00 $

Effective interest rate on the product

6.34 – 35.89 %

Loan term for the financial product

2 months – 72 months
Submit One Loan Application Online!
Submit One Loan Application Online!

Use our quick loan matching system with a free credit check!

Rating by Finanso®

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™

Effective interest rate on the product

up to 8.24%

Loan term for the financial product

up to 60 months
The application process was a breeze, and I received a response within minutes. This straightforward and prompt procedure proved to be a great help to me during a crucial time of need.
JG Wentworth
The assistance I received was exceptional. My representative handled my case with care and provided all the necessary information...
OneMain Financial
The loan application process was straightforward, and the representative I interacted with displayed patience, provided informative answers, and was quite pleasant throughout...
My Funding Choices
The process was swift and straightforward, which was particularly helpful during a time when, despite my reluctance to seek assistance, I genuinely needed help.
Plain Green Loans
The interest rate is shockingly high, and it feels like taking advantage of individuals facing financial challenges when unexpected expenses arise...
Advance America
I have never encountered any issues with this company. They consistently deliver funds on time, and the repayment process is straightforward...

What are MACU Loans?

Mountain America Credit Union offers Personal Loans to provide individuals with a flexible and convenient way to access funds for various financial needs. Whether it's consolidating debt, covering unexpected expenses, funding a special project, or pursuing personal goals, these loans are designed to offer competitive interest rates and manageable repayment terms. Mountain America Credit Union understands that each individual's financial situation is unique, so they strive to tailor their personal loan offerings to meet diverse requirements. With a commitment to providing exceptional member service, straightforward application processes, and transparent terms, Mountain America Credit Union's Personal Loans serve as a reliable resource for members seeking financial support and flexibility.


  1. Repayment Term of 5 Years. Flexibility in repayment with a term of up to 5 years, allowing for manageable monthly payments.
  2. Fixed APR of 12.24%. The Annual Percentage Rate is fixed at 12.24%, providing predictability in the interest charged over the life of the loan.
  3. No Collateral Required. You don't need to provide any assets as security for the loan, which can make the application process smoother.
  4. No Application Fees. No upfront costs to apply for the loan, making it more accessible to potential borrowers.
  5. Online Application and Management. Many credit unions, including Mountain America, offer an online platform for applying for a personal loan and managing your account. This adds convenience for borrowers.
  6. Various Loan Amounts. Personal loans might offer a wide range of amounts up to $20,000 to suit different borrowers' needs. Whether it's a small or large expense, you may have a loan option.
  7. Customer Support. As with many credit unions, personalized customer service and support may be available to guide you through the loan process and answer any questions you may have.
  8. Potential Membership Benefits. Since credit unions typically serve their members, there might be additional benefits or incentives for members, such as reduced interest rates or more favorable loan terms.

    Mountain America Credit Union Personal Loan Options

    Obtain financing for unique purchases outside of acquiring a home or vehicle with Mountain America's personal loans, which are known for their affordability and adaptability. Whether you need to make a significant purchase, consolidate debt, or handle unexpected costs, a Mountain America personal loan (also referred to as a signature loan) is your solution. It's also suitable for covering short-term expenditures such as taxes, holidays, and vacations.

    With no need for collateral and offering some of the most competitive interest rates and terms across six states – Idaho, New Mexico, Utah, Nevada, Arizona, and Montana – their personal loans provide an attractive option. Enjoy the benefits of terms up to 5 years, personal loan interest rates starting as low as 12.24% APR, no application fees, and no requirement for collateral. You can borrow up to $20,000.

    Being an unsecured term loan, Mountain America's personal loans are not anchored by collateral like car loans or home mortgages. The term stipulates that the loan must be paid within a predetermined timeframe, generally through consistent monthly payments throughout the loan's duration. This structure ensures flexibility while providing the security of fixed rates and terms.

    Pros and Cons


    Competitive Interest Rates. With interest rates that may be lower than many traditional banks, Mountain America's personal loans can be a cost-effective borrowing option.

    Flexible Repayment Terms. Offering terms up to 5 years or possibly more, borrowers can choose a repayment schedule that fits their budget and financial goals.

    Convenient Online Application. The online application and management process provide convenience and accessibility for both new and existing members.

    Access to Extensive ATM Network. As part of the CO-OP and MoneyPass networks, Mountain America provides access to over 50,000 ATMs nationwide, adding convenience for members.

    Low or No Fees. Mountain America may offer personal loans with low or no application fees, reducing the initial cost of borrowing.


    Regional Limitations. Mountain America may primarily serve specific states or regions. Accessing their services might be more difficult if you reside outside their service area.

    Membership Requirements. Some benefits or rates might be tied to membership status within the credit union, which could limit accessibility or result in variations in terms depending on individual qualifications.

    Limited Loan Options. Depending on your needs and qualifications, Mountain America might not have the exact loan product or features you are looking for, especially when compared to larger national banks.

    How to Apply for a Mountain America Credit Union Loan?

    Apply For a Loan

    1. Open the Mountain America Mobile App. Locate and open the Mountain America Credit Union mobile app on your smartphone or tablet. You can find it in the App Store or Google Play if you haven't downloaded it yet.

    2. Log In to Your Account. If you're an existing member, enter your credentials to log in. If you're a new user, you may need to create an account by following the in-app instructions.

    3. Tap Loans / New Account on the Main Menu. Navigate to the main menu, usually represented by three horizontal lines or a similar symbol, and then tap on "Loans" or "New Account".

    4. Tap Apply for a Loan, Then Tap Personal Loan. Choose the "Apply for a Loan" option, followed by tapping on "Personal Loan". This will lead you to the application process specific to personal loans.

    5. Complete the Application Form. Fill in the necessary details, including personal information, employment details, desired loan amount, and purpose of the loan. Ensure all information is accurate to avoid any delays in the process.

    6. Review Loan Terms and Conditions. Carefully read through the terms and conditions associated with the personal loan. This includes the interest rate, repayment term, and any applicable fees.

    7. Attach Supporting Documents if Required. You may be asked to upload supporting documents such as proof of income or identification. Follow the instructions to attach the necessary files.

    8. Submit the Application. Once all the information is filled in and you've reviewed everything, tap the submit button to send your application.

    Alternatively, reach out to your nearest branch, get in touch with our service center at 1-800-748-4302, or complete your application online.


    1. Credit Score. Lenders often consider the applicant's credit score as a key indicator of their creditworthiness. A higher credit score demonstrates a history of responsible credit management and may lead to more favorable loan terms.
    2. Income and Employment. Lenders assess the borrower's income and employment stability to gauge their ability to repay the loan. A steady income source enhances the borrower's eligibility for a loan.
    3. Debt-to-Income Ratio. This ratio measures the proportion of the borrower's monthly income that goes towards paying debts. Lenders generally prefer a lower debt-to-income ratio, indicating the borrower's capacity to manage additional debt.
    4. Loan Amount and Purpose. The intended loan amount and its purpose influence the lender's decision. Clear and reasonable purposes, such as debt consolidation or home improvement, may be viewed more favorably.
    5. Residency and Citizenship. Lenders often require borrowers to be legal residents or citizens of the country where the credit union operates.
    6. Membership. For some credit unions, like Mountain America, being a member is a requirement to access certain loan products. Meeting the membership criteria is essential.

      Ways to Receive the Money

      1. Direct Deposit. The approved loan amount can be directly deposited into the borrower's designated bank account, providing quick and secure access to the funds.
      2. Electronic Funds Transfer (EFT). Borrowers can set up an electronic transfer to move the loan funds from their credit union account to another account they hold.
      3. Debit Card Transactions. If the borrower has a linked debit card, they may be able to access the loan funds through ATM withdrawals or point-of-sale transactions.
      4. Online Transfers. Borrowers can log in to their Mountain America Credit Union online banking platform and transfer the loan amount to their desired account.
      5. Wire Transfer. In cases where the borrower needs the funds to be sent to an external bank or financial institution, a wire transfer can be arranged.

        How to Pay off a Mountain America Credit Union Loan?

        1. Set Up Auto-Payments. Consider setting up automatic payments through your bank account. This can help you avoid missing payments and potential late fees and ensure that your payments are made on time.
        2. Study Loan Terms. Thoroughly understand the terms of your loan, including interest rates, repayment period, and any potential penalties for early repayment. This knowledge will empower you to create a realistic repayment plan.
        3. Payment Method. Choose a payment method that aligns with your preferences and schedule. Automatic payments from your Mountain America account can help ensure timely payments and avoid missed due dates.
        4. Extra Payments. Whenever possible, consider making extra payments beyond the minimum. This can reduce your overall interest cost and help you pay off the loan faster.
        5. Keep Records. Maintain accurate records of your payments. This includes transaction receipts, confirmation emails, and bank statements. These records will be valuable for tracking your progress and addressing any discrepancies.

          Things to Consider

          1. Interest Rates and Terms. Carefully review the offered interest rates and repayment terms. Understand how they will impact your monthly payments and the total cost of the loan over its duration.
          2. Fees and Charges. Inquire about any origination fees, prepayment penalties, or other associated charges. Knowing these costs upfront will help you accurately assess the overall affordability of the loan.
          3. Repayment Plan. Analyze the repayment plan and assess whether it fits comfortably within your budget. Ensure you understand the monthly payments and their timing.
          4. Early Repayment Option. Check if the loan allows for early repayment without penalties. This flexibility can be advantageous if you're able to pay off the loan sooner than expected.
          5. Customer Reviews and Reputation. Research Mountain America Credit Union's reputation and read customer reviews. This can provide insights into their service quality and customer satisfaction.
          6. Loan Application Process. Understand the steps and documentation required for the loan application. A smooth application process can save time and reduce stress.


          1. Online Lenders. Acquiring personal loans is made easy with online lenders. They're known for their efficient application process and swift disbursement. Notable names include SoFi, LendingClub, and Prosper.
          2. Bank Loans. Conventional banks also have personal loan offerings. For those who have existing accounts with these banks, there might be special offers or discounts. If you prefer in-person services, these are a great choice. Some of the big players are Wells Fargo, PNC Bank, and TD Bank.
          3. P2P Lending. Platforms for peer-to-peer lending act as a bridge connecting loan seekers with individual financiers. The terms and rates can be unique and tailored based on the financier's choices. Examples are Prosper and Funding Circle.
          4. Credit Cards. Utilizing a credit card offers a flexible credit line for diverse needs, depending on the card limit and conditions. However, be cautious about potentially steep interest rates and charges. Leading companies in this sector are Discover, Capital One, and American Express.
          5. Home Equity Loans or Lines of Credit. For homeowners, leveraging home equity via a loan or a line of credit is an option. Generally, these have more favorable interest rates than unsecured personal loans. Prominent banks in this category are Wells Fargo, U.S. Bank, and TD Bank.
          6. 401(k) Loans. Some retirement plans allow you to borrow from your 401(k) account, but this option should be approached with caution due to potential long-term impacts on your retirement savings.

            Editorial Opinion

            Mountain America Credit Union Personal Loan is recognized for its commitment to providing members with a comprehensive and flexible borrowing solution. Mountain America's Personal Loans stand out due to their competitive interest rates, transparent terms, and tailored repayment plans. The credit union's emphasis on member service and its reputation for responsible lending practices inspire confidence among borrowers. While specific loan terms may vary based on individual credit profiles, the credit union's dedication to helping members achieve their financial goals is evident. Mountain America's focus on offering a range of loan options, along with the ease of application and access to funds, showcases its commitment to member satisfaction. Overall, Mountain America Credit Union Personal Loan aligns with the institution's mission of empowering members with reliable and beneficial financial solutions.


            Keeping your Debt-to-Income (DTI) ratio below 30-40% of your monthly income is crucial. This will help you avoid potential financial problems in the future. Additionally, always assess the necessity and feasibility of taking a loan, ensuring you can comfortably manage its repayment.


            At Finanso, we've carried out a comprehensive analysis of over 100 lenders, assessing them based on 35 different parameters across six key categories: accessibility of loans, customer relations, quality of service, interest rates, and transparency of conditions.

            In each category, we carefully considered the most critical factors in selecting a lender. These factors include the interest rates, available loan amounts, minimum credit score, minimum income, application fees, and the speed at which funds are transferred.

            At Finanso, we highly value our users, which is why we also focus on the quality of customer service, user reviews, and additional features that can aid our users in making a well-informed decision.

            Our ultimate goal is to provide insightful recommendations and expert advice to assist you in selecting a lender that best caters to your specific needs.

            Additional resources

            To learn more about loans and best practices, check out some of the following resources:



            What credit score do you need for a Mountain America Credit Union loan?

            Mountain America Credit Union caters to customers with mid to upper-level credit standings, necessitating a minimum Experian credit score of 625. The classification of their credit tiers is structured as follows: A Tier corresponds to an Experian credit score of 675 or higher, while B Tier ranges between a score of 645 and 675.

            How fast does Mountain America Credit Union approve loans?

            Usually, a representative from Mountain America Credit Union (MACU) will contact you with a decision within one to two business days. If your application is approved, they will inform you of the rates and terms for which you qualify and give you detailed instructions on finalizing the application process.

            Does Mountain America Credit Union verify income?

            When applying for most loans with Mountain America, your most recent pay stub will be required for income verification. The last two years of tax returns will be needed if you are self-employed. Additional requirements may apply, depending on the specific nature of the loan request.