Loans

Riverside Health System Employees Credit Union has been providing a place for employees to save money and borrow since 1971.

We offer a place for employees to come and borrow money for their first car, their children's first computer and we still make small personal loans. The interest you pay is what is called "simple interest”. The interest rate is charged against the declining loan balance instead of compounding on the original loan.

Our mission is to serve our Member/Owners. Whether it’s for a personal loan, vacation cash, back to school supplies, holiday, auto loan or something else…we are here to help you with your borrowing needs. 

Always borrow responsibly. What does that mean? Don’t borrow beyond your budget. Look at what you make, subtract what you owe. If your monthly payments are more than you make, you might want to think about how you are using your credit. We can help if you have questions or want assistance on budgeting. 

Small enough to know you. Big enough to go wherever you go.

Vehicle Loans up to $50,000

Vehicle loans also include Motorcycles, Boats, Campers and Trailers.

Requirements and features include:

  • Be a member of the credit union. Not a member? Contact us to join!
  • You must be on the job 1 year
  • Fax a copy of your last two paystubs to 757-594-3644
  • If you’re buying from a dealer, have them fax a Buyer's Order. Remember, the more information they provide, the better.
  • If you're buying from a private owner, use our Private Owners Contract and fax to us when complete.
  • Once all documents are received, we try for a 24-hour approval and/or turn around.
  • Don’t forget we offer GAP insurance, Life and Disability Insurance. All can be added for your peace of mind. Contact us for more information.
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Signature Loans from $150 to $5,000

A signature loan is an unsecured loan. "Unsecured" means that the borrower does not provide any collateral so the financial institution loans the money based solely on the borrower's signature.

Requirements and features include:

  • Be a member of the credit union. Not a member? Contact us to join!
  • You must be on the job 1 year
  • Rates are higher because of the lack of collateral
  • Make easy automatic payments directly from your paycheck with payroll deduction
  • Loan amount can often be deposited right into your e-account (Restrictions may apply)
  • You pick the purpose of the loan
Check out our Rates
Calculate Your Payment
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Share Secured Loans up to $50,000

A share secured loan is a loan that is secured or guaranteed by a shareholder's savings account. When you own a savings account with our credit union, you are a share owner of the credit union.

Requirements and features include:

  • Be a member of the credit union. Not a member? Contact us to join!
  • You must be on the job 1 year
  • Copy of the last two paystubs faxed to 757-594-3644
  • Quick turn around
  • No credit report required
  • You must have the funds in your account in order to qualify
  • Rate is lower due to no risk
Check out our Rates
Calculate Your Payment
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Rent Loan Program

Our Rent Loan Program pays your rent three months in advance for your peace of mind and ease of managing your paycheck.

Requirements and features include:

  • Be a member of the credit union. Not a member? Contact us to join!
  • You must be on the job 2 years
  • Must provide a copy of your rental agreement
  • Copy of the last two paystubs faxed to 757-594-3644
  • Rent must be current
  • Not to exceed $2,500
  • Three month pay back
  • Statement of rent payment history for 12 months
Check out our Rates
Calculate Your Payment
Apply Online