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handshakeCanaan Credit Union offers both secured, unsecured and the new Payday Alternative loans.

A Canaan Credit Union unsecured loan allows you to borrow up to $3,500 with no collateral required.  You can use your loan for home improvements, debt consolidation, that dream vacation you’ve always wanted to take, or just need some extra cash to use however you wish.  Great personal service and great rates!

With a Canaan Credit Union secured loan you can borrow up to $25,000 to purchase a new or used car, boat, motorcycle, or any other recreational vehicle of your choice at the same great service and great rates as our unsecured loans!

  How to Apply

  • You must be a Canaan Credit Union member to apply
  • Please complete a loan application (View a sample Canaan Credit Union Loan Application) Online application (yet to come)
  • Sign on back page
  • Return completed application to credit union
  • An incomplete or unsigned application may delay processing

Do you qualify to become a CCU-PAL?

Canaan Credit Union Payday Alternative Loan
Become a CCU-PAL Today!

*$300 initial loan amount (after initial loan up to $500)
*Must be a member for 6 months
*Repay in 6 low monthly payments
*Must provide proof of minimum $1,000 income per month
*Payments must be by direct deposit or payroll deductionmoney2

No Credit Check…

Just Membership and Loyalty Required

How to Apply

  • You must be a Canaan Credit Union member to apply
  • Please complete a loan application.
  • (View a sample CCU-PAL Loan Application)  Online application (yet to come)
  • Sign on back page
  • Return completed application to credit union
  • An incomplete or unsigned application may delay processing

Call or stop by Canaan Credit Union for more information

217-367-2158
404 West Main Street, Urbana

Questions? Contact Us