U of C Federal Credit Union-Loans . .
Interest is charged only on the balance owing.
An unsecured loan with flexible terms for purposes such as vacation, education, taxes, computer or any other needs up to 60 months. We also offer 1-pay loans for up to 90 days. Your interest rate is determined by length of loan and your credit history. We place a hold on your account for the balance of the loan with the held amount decreasing after each payment is made. I nterest continues to accrue on the full amount in the savings account.