All Purpose Personal Loans

Quick and Worry-Free Unsecured Loan

Our new All Purpose Personal Loans are our unsecured closed end loan for when the unexpected happens. An All Purpose Personal Loan from Chicago Municipal Employees Credit Union can be used for virtually any purpose – small vacations, debt consolidation, car repairs, home repairs, health care expenses, investment opportunities, medical bills, unexpected emergencies.

About our new All Purpose Personal Loans

  • Loans from $1,000 — $10,000
  • 12 month repaymeny term — minimum
  • 48 month repayment term — maximum
  • No prepayment penalty
  • No collateral required
  • With our convenient active direct deposit or payroll deduction you can get .25% rate reduction. Must keep it active for the life of the loan otherwise the rate will increase back to normal

Alternative Processing Procedures for our new All Purpose Personal Loans

  • Apply online or fax your application to CMECU
  • Will process your request and give you the decision the same day
  • If you are approved we will fax you the loan documents for signatures
  • Fax back the documents to CMECU to disburse the loan
  • Get a loan without even coming into the branch

Alternative Disbursal Features

  • For your convenience we can disburse and mail the check directly to you or
  • Deposit all purpose personal loan funds to your checking account so you can withdraw the funds with your ATM card from anywhere or instantly write checks or we can deposit the funds to your savings/share account;
  • For a small fee and additional protection we can deposit the funds to your re-loadable Visa money card and send it to you. Here are some benefits of the card: Make purchases at all Visa locations when traveling domestically or internationally, withdraw cash at an ATM, Re-loadable card (up to 3 times after initial load), and it's replaceable if lost or stolen, it's transferable for use by spouse or children. The cost is only $4.95 to purchase a card

Login and apply with our Secure Online Loan Application or please call our representatives at 312-236-2326 with any questions.