Truliant Federal Credit Union Loan Review

Starting with only 2,000 members under the name of Radio Shops Credit Union, Truliant Federal Credit Union now serves more than 250,000 members, 1,100 organizations, and has an asset of almost $2.7 billion. It was chartered in the year 1952, and today, it has more than 30 branches all over the Virginia and Carolina states. Its mission is to help members achieve their goals and dreams by providing personalized financial advice and assistance. This financial institution provides the following services to its members: checking and personal savings, vehicle loans, personal loans, home loans, and credit cards.

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    Truliant FCU Financial Terms In a Glimpse

    Loan Amounts

    $500 - $35,000 on personal loans

    Term Length

    6 months to 72 months

    Loan Rates

    8.49% to 15.74% APR

    Min. Credit Score


    Better Business Bureau Rating


    Time to Funding


    Truliant FCU Highlights

    Truliant FCU's community involvement is strongly felt and seen in areas where most members reside and work. It also provides seminars to educate people about financial management. Examine the features below and decide whether this is the lender you need.

    Pre-qualify with Soft Credit Pull

    For new account applications, a pull credit is required by Truliant FCU. This is to verify your identity and the facts that you declared. By doing this, your credit score will not be damaged. Truliant FCU offers a no-cost credit review in order to give you a detailed report about your financial stability.

    High Debt to Income Ratio Allowed

    The maximum debt to income ratio was not specified on the website. But to ensure you get fast approval, many banks and credit unions require 36% and below.

    Line of Credit

    Lines of credit are available at Truliant FCU but are subject to credit approval. Members can get up to $20,000 with a fixed rate of 10% APR for a term of 72 months. Rates are subject to change.

    Credit Health Tools

    There are several online tools and resources that you can access from its website. It includes highly informative articles that teach you how to manage your finances and how to save up. It also provides loan, savings, and business calculators to help you track your monthly payments and interest rates. Moreover, you can check your credit score for free through its no-cost review feature. It also has a program called get cash back wherein you earn rewards by purchasing items using your debit card. Digital banking is also available.

    Hardship Programs

    A skip-a-pay program is offered to members who need financial breathing room from paying their loans. However, it only allows one skipped payment per calendar year.

    No Prepayment Penalty

    There are no associated prepayment penalties with the loans it offers. Hence, you can pay off your loans anytime you want without incurring extra charges.

    Unsecured Loans

    Only secured loans are offered by the company at present.

    Truliant FCU Fees

    There are no fees involved if you want to become a member, open savings account, or apply for a loan. But several fees and service charges can be expected such as late payments. For a complete list of all the fees, information is available on the website.

    How to Qualify

    Both members and non-members can apply for a loan. In order to submit your loan application, just head on to its website and select "Apply for a Loan" and complete the process. You can also speak with its loan officers over the phone or visit one of its locations. It is more recommended to become a member, though, before applying for a loan to receive lower interest rates.

    The Bottom Line

    While the Trulian FCU is one of the biggest credit unions in Virginia and Carolina states, it offers higher rates compared to other companies. It is also not clear whether people who have higher loan risks due to their credit scores will be approved for loans. Hence, if you are looking for more options that give consideration to people with bad credit, check out Vylla and Navy Federal.