Payday Loans

While payday loans and personal loans may appear similar in terms of providing quick cash, their similarities are actually quite limited. Payday loans are often characterized by their high interest rates, finance fees, and short repayment terms, which can easily lead borrowers into a cycle of debt. On the other hand, personal loans offer a more flexible and responsible financing option.

Personal loans, such as those provided by Prestige Community Credit Union, prioritize the well-being of our members by offering competitive interest rates and customizable repayment terms. Unlike payday loans, our personal loans are not guaranteed by your paycheck, eliminating the risk of getting trapped in a cycle of borrowing.

With a personal loan from Prestige Community Credit Union, you can finance various needs while enjoying the peace of mind that comes with affordable monthly payments. We strive to make the loan process as convenient as possible, ensuring that you have the financial flexibility you need without falling into a pitfall of exorbitant interest rates and overwhelming repayment terms. Choose Prestige Community Credit Union for a responsible and beneficial financing solution.

Payday Loans Versus Personal Loans

Prestige Community Credit Union offers a personal loan option that provides our members with numerous benefits. Unlike payday loans, which can lead to financial pitfalls due to high interest rates, finance fees, and short repayment terms, our personal loan offers attractive features that aim to alleviate the stress of monthly payments.

With great rates and flexible terms, you can use the loan to finance various needs, ensuring a smoother and more manageable repayment process. Choose Prestige Community Credit Union for a reliable and affordable financing solution.

Payday loans versus personal loans

Payday loans can be an attractive financing option, considering they are guaranteed by your paycheck and don’t require a credit check. However, higher interest rates and finance fees, as well as shorter repayment terms that make it hard to repay the loan by your next paycheck are trade-offs that could send you into a financial pitfall.

A personal loan through Prestige Community Credit Union allows you to finance a variety of things, providing our members with great rates and flexible terms to ease the stress of making monthly payments.

Personal loan accounts feature:

  • Great low rates starting at 7.99% APR*

  • Terms as long as 36 months

  • Amounts as high as $15,000.00

Need to build credit? Check out our Credit Builder Loan!

McKinney Branch

This office offers full-service amenities including a drive-up ATM & Night Drop, drive-thru teller lanes, and a community meeting room.

Our branch location is at 6801 South Custer Road, McKinney, TX  75070

Monday – Friday
Lobby: 9:00 a.m. – 6:00 p.m.
Drive-Thru: 9:00 a.m. – 6:00 p.m.

Saturday (Drive-Thru only): 9:00 a.m. – 12:00 p.m.