Canaan Credit Union

Canaan Credit Union in Urbana.
A Member-Owned Financial Institution.

Apply for a Loan

Types of Loans

 

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

  • An unsecured loan allows you to borrow up to $4,000 with no collateral required. 
  • A secured loan allows you to borrow up to $35,000.

How to Apply for a Loan

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

Qualify to become a CCU-PAL

Canaan Credit Union Payday Alternative Loan

  • $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 deduction 

NO CREDIT CHECK

How to Apply for CCU-PAL

  • You must be a Canaan Credit Union member to apply
  • Complete a loan application (View a CCU-PAL Loan Application
  • Sign on back page
  • Return completed application to credit union
  • An incomplete or unsigned application may delay processing