Debt Consolidation Loans

  • Our debt consolidation loans can be unsecured, partially-secured or fully lien-secured as well as can be a second mortgage on a home.
  • The rate will depend on the type of collateral, if any is available.
  • We provide debt consolidation loans between $1,500 and $15,000.
  • Above $15,000 requires an A or A+ credit score (above 680).
  • Our maximum term is 60 months.

Generally, we will want to meet with any member applying for a debt consolidation loan to review all debts to be included in the loan. We offer one-on-one budget counseling and sometime require it prior to making a decision on a debt consolidation loan. We will often require that the borrower signs a "no new debt" agreement with us, to ensure that new indebtedness does not continue. Our goal is to help our members, reduce their debt and increase their savings!


Our Members make the difference.

Member Since 2004

"What has the CU done for and meant to me? How about warmth and security? When I joined I felt, and still feel, that the diversity of the neighborhood is well represented both by the CU's members and its employees. As welcoming as the staff is, I had no problem following when the building on Gregory St became its new home. The loyalty I felt to Genesee Co-op FCU at that time has been validated by an incident in May 2009. One of my checks was presented to the teller, unsigned, for a large amount. When that individual came back with same check supposedly signed by me, the CU refused to cash it, because the staff recognized the signature as forged. I got to see how the sense of kinship the CU propagates, plays out in order to safeguard its members. Thank you, team."

Merrie Camp


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