You can use it for veterinary expenses. It can help you pay for maternity care or adoption fees. If you’re applying for citizenship, it can help you cover those fees. If you’re planning an elective medical procedure, from weight loss to Lasik, it can help with that too. A personal loan can help you pay for your wedding, get a root canal, or send your child to camp. It’s wide open.
A personal line of credit works a lot like a credit card. There’s a limit to how much credit you can use, it’s available to you on a rolling basis, and the interest rate can be subject to change.
A personal loan, on the other hand, is a fixed amount that you get all at once, with a locked-in interest rate on a fixed repayment term. So instead of borrowing a little here and paying a little back there, you borrow your lump sum all at once, use it for whatever you need, then pay it back in steady monthly increments that don’t change over time.
Notes from the Trail
— Nancy, member since 1980
My husband and I are tight financially right now, having received unexpected tax and medical bills. I was unsure if I would qualify for a loan. I was relieved to be able to get the loan and have those bills paid off.
We’re people helping people.
Together we’re a credit union.
Pacific Crest is a not-for-profit financial co-op owned by over 19,000 regular people in the Klamath Basin and surrounding rural communities. We don’t have to worry about pleasing stockholders so we’re able to focus our efforts on our communities — by reaching out, giving back, and paying it forward. Learn more about our Community Impact.
2022 Volunteer Hours1,877
Our staff serves on various boards, committees, and volunteers at many community events.
2022 Local Donations & Sponsorships$99,246
We support more than 35 local organizations that have a big impact on the area.
2022 Employee Donations$4,779
Employees can personally support charities through our Casual For Community program.