About OnPoint Credit Union
This credit union was founded by a group of Portland teachers in 1932 to serve the community's needs. Over time, it expanded, and today, it boasts over 357,000 members from the two states.
The mission of OnPoint is simple - to give members control of their finances. It does so through several financial services. There's a $10 membership fee to join, but all offers become available to you once you do.
OnPoint Credit Union Financial Terms in a Glimpse
Minimum Credit Score | No established minimum score |
BBB Rating: | A+ |
Loan Duration: | Up to 60 months |
Loan Amount Range: | Up to $25,000 |
APR Rates: | 10% - 15.25% |
Minimum Down Payment: | Depends on the loan |
What OnPoint Credit Union Offers
When it comes to loans available to those without excellent credit scores, this union offers three main loan types. It’s possible to apply for any offer quickly and easily through the online form.
Apply Online
Filling out and submitting the loan form takes between 5 and 10 minutes. It takes less if you’re logged in with your membership credentials, as that significantly streamlines the process.
The following membership requirement applies:
- You must be a citizen or a family member of an Oregon or Washington citizen
Payday Loans
Payday loans help you get through unexpected expenses between paychecks. In this company, the amount available is between $200 and $600. These loans have fixed rates and slightly higher APR than other loan types.
Personal Loans
If you need a bit more, personal loans can be a reasonable choice. They can cover anything, from medical bills to big purchases. With OnPoint, you can borrow up to $25,000, and repay it with fixed rates over the next 60 months.
Personal Lines of Credit
Lines of credit allow you to borrow against your savings account and pay interest only for the amounts you took out. They have even lower rates than other loan types, but no fixed fees and terms.
How OnPoint Credit Union Works
Applying for a loan is a quick and streamlined process with this service.
Start by creating an account or logging in as a member. That way, you create a loan application profile.
Fill out the form and apply. After you input your data, the union will grant you the exact terms of your loan.
Track progress. After you receive the sum, you can track progress, calculate repayment sums, and tackle your debt through the platform.
OnPoint Credit Union Fees and Terms
The first cost to incur with this company is the monthly membership fee you have to pay. When it comes to loans, it features comparatively low fees and fixed rates in two of the three types offered.
For quick approval, you’ll have to provide the following information:
- Desired loan specifications
- Personal information (name, phone, address, etc.)
- Employment, income, and expense information
OnPoint Credit Union Customer Service
The best way to contact this company and get answers to any existing inquiries is by visiting one of their branches. OnPoint offices in several cities are listed on the website. Alternatively, you can call their customer support or visit the comprehensive FAQ section.
