Most credit unions offer unsecured and secured personal loans. If you have a low credit score or are new to credit, you may still qualify. However, most credit unions are more cautious about who they lend money to given that their rates are generally very low. Credit unions usually consider a borrower's whole financial picture including credit history, income, and their standing with the credit union. Credit unions may request more supporting documents than online lenders. If the rate is much lower with a credit union you should put in the extra effort to get approved with a credit union. If you are in a hurry, you may not have the time to work with a credit union.