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1st Choice Credit Union
1st Choice Credit Union
Amount
Varies
Deadline
Rolling
Odds
Not published
Effort
1–2 hours
Can you get this?
✓Must be a credit union member to borrow
✓Loan approval based on creditworthiness
✓$25 processing fee required for personal loans
✓Personal and business accounts available
Your real odds
This is a lending product, so approval depends on your credit profile, not a selection committee.
As a CDFI, 1st Choice is designed to serve borrowers who do not qualify at traditional banks, which means more flexibility on credit. The credit union is currently merging with HOPE Credit Union, so confirm that business loans are still available before you spend time on an application.
What it takes
Verify current business loan offerings given the HOPE Credit Union merger1–2 hours
Become a credit union member1–3 days
Submit a loan application online or in person1–2 hours
Worth knowing
1st Choice is both CDFI-approved and Bank On Certified, which signals a mission to serve underbanked borrowers, so an imperfect credit history does not automatically disqualify you.
What else do you qualify for?
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$19/month · cancel anytime