Created in 1933, this financial cooperative is headquartered in Sacramento, California. Golden 1 CU is the largest credit union in California, and one of the largest in the US. It has almost $15 billion in assets and has 70 branches all over the state. Membership is open to everyone who lives in or works in California.
Golden 1 CU is not accredited by the Better Business Bureau.
However, the Bureau has given this credit union an A+ rating, which is its highest rating.
One customer reviews are mixed, because of which the business has been given a 2 on 5 rating on Yelp and a 2.9 on 5 rating on WalletHub.
Loan Amounts | $1,000 - $75,000 |
Term Length | Term Limits Based on Amount Borrowed |
Loan Rates | Starting from 16.25% |
Min. Credit Score | Not Specified |
Better Business Bureau Rating | A+ |
Time to Funding | 1 to 2 Business Days |
Here are some of the key features of the loans offered:
Golden 1 carries out a soft credit pull when checking your application viability, but this does not impact your credit scores.
Loan applicants are expected to provide the following information:
The lender has not provided any information on the kind of debt to income ratio it allows.
Golden 1 offers personal lines of credit ranging from $500 to $30,000 with minimum APRs of 7.79%. Interest is only charged if that line of credit is used.
Personal loans may be used for medical expenses.
There are various assistance programs for loan payments for those undergoing financial hardships.
For payment assistance members are required to call the lender’s helpline (1-877-723-3010).
Golden 1 does not charge a prepayment penalty.
This lender offers person unsecured loans. There is also a loan called the Starter Loan that is specifically for those with no credit history or bad credit.
The maximum loan limit is $1,500, but if a guarantor co-signs the loan application, then that amount can be increased to $2,500.
There is a $15 late payment fee.
To qualify for a personal loan, the following criteria must be met:
Golden 1 Credit Union has a BBB A+ rating, but consumer ratings are more mixed and on the lower side.
This lender offers a larger loan amount than most others, but the information on its website is scant with regard to rates, terms and loan amounts.
If you have bad credit and are looking for larger loan options, then one alternative is OneMain Financial.
Another good option for those with bad credit is Upstart. Both of these lenders are transparent on their products and are open to bad credit borrowers.
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