No Credit Loan

Flexible Solutions
for Every Situation

Loan Details:

  • Fixed rate of 17.99% APR 1
  • Loans up to $1,000, terms up to 12 months.
  • A $35 Application fee is nonrefundable 

Loan Qualifications:

  • Applicant must have an active account2 for at least six (6) months.
  • Applicant must have a recurring automatic deposit3 of at least $400 per month for a minimum of three (3) consecutive months with TENCU.
  • Direct deposit / automatic deposit must be in the primary account holder's name.
  • Members may only have 1 NCL at a time.
  • No bankruptcies in the last two (2) years.
  • All accounts and loans must be in good standing for three (3) months. No NSF (excludes Privilege Assurance).
  • Member must not have any loans over 30 days delinquent.4
  • Cannot have caused a loss with TENCU at any time.
  • Combined payment of loan and rent/mortgage cannot exceed 35% of pre-tax income.
  • All No Credit Loan (NCL) payments must be set to withdraw using automatic clearing house (ACH), automatic transfer, or automatic payroll deduction.
  • Any existing NCL must complete four (4) full monthly payments before a refinance is available.
  • Member may only have two (2) NCL's within a 12 month period.
  • NCL's do not qualify for skip-a-pay.

A non-refundable $35.00 application fee will be debited from the applicant's account before processing the loan.

Personal Information

  • OK Loan Amount, maximum of $1,000.00 is required
  • OK Term, maximum of 12 months is required

  • Application Fee From

    OK Application Fee From is required
  • OK Name (First & Last) is required
    OK I have been a member of TENCU for six months or more. is required
  • OK Member ID # is required
  • OK Address is required
  • OK City is required
  • OK State is required
  • OK Zip Code is required
  • OK Preferred Phone # is required
  • OK Email is required
  • OK Date of Birth is required
  • OK Employer is required
  • OK Gross Monthly Income is required
  • OK Date of Employment is required
  • OK Position is required

  • Pay Frequency

    OK Pay Frequency is required
  • OK Rent/Mortgage Payment is required

Reference 1 (Not Living With You)

  • OK Name is required
  • OK Relationship is required
  • OK Address is required
  • OK City is required
  • OK State is required
  • OK Zip Code is required
  • OK Phone # is required

Reference 2 (Not Living With You)

  • OK Name is required
  • OK Relationship is required
  • OK Address is required
  • OK City is required
  • OK State is required
  • OK Zip Code is required
  • OK Phone # is required

    By clicking submit, I agree to the above qualifications and authorize Ten Credit Union to access the $35.00 non-refundable application fee. Loan approval will be based on the qualifications listed above.

  • OK is required

1 APR = annual percentage rate. Loans from $500 to $1,000 with terms up to 12 months. Two (2) No Credit Loans allowed per calendar year. Four (4) full monthly payments must be made before applying for the next No Credit Loan.

2 Active account is a minimum of one (1) transaction per month.

3 Direct deposits from sources other than employment do not fulfill direct deposit criteria. Recurring deposits, considered as income automatically deposited into your account on a consistent basis (i.e., weekly, bi-weekly, semi-monthly, or monthly), qualify.

4 A delinquent loan is 30 days or longer than the scheduled payment date. A non-refundable $35.00 loan application fee is required and will be deducted from your Ten Credit Union Checking or Savings account. Federally insured by the NCUA. Payment Example: Approximately $91.66/month for every $1,000 borrowed at 17.99% APR for 12 months.