Commonly overlooked loan options that could meet your needs.

Money Matters for Cinfed Members

What Do You Need Loans For?

Posted on March 26, 2018
Topic Categories: Banking, Consumer Help

Couple Laughing together

By Ryann Collins - Consumer Loans Manager, Cinfed

When most people think of loans, they think of large purchases like homes or vehicles. While mortgages and car financing are important, loans can be used for other needs as well – some that may not be as obvious.

Like many financial institutions, Cinfed offers a variety of loans that meet our members’ needs – some of them short-term, others longer term. Personal loans, or as we call them, Signature Loans, can help you cover the cost of those needs. Here are a few of the most common, yet overlooked, reasons to apply:

Improve Your Credit Score

Making regular payments to a trusted financial institution and lender, you’re essentially proving that you’re a reliable and trustworthy individual that can be counted on to lower your debt. This will have an impact on your credit score. Once the financing is completely paid off, your score could go up even further, helping establish a history for future lenders.

Cover the Cost of Home Improvements

After financing a home purchase, you may need money to handle renovations and improvements. Applying for financing from your credit union is the perfect way to cover the cost of renovations without destroying your monthly budget or forcing you to delay renovations until your savings have built up. All you need is an estimate for the cost of the project, and your financial representative can work with you to find the right financing package.

Pay Credit Card Debt

It may seem counterintuitive to borrow money to pay off existing debt, but it’s one of the most common reasons why people speak with lenders. Credit cards have high interest rates that can make even small amounts of debt far larger than they seem on the surface. Personal loans, on the other hand, offer longer repayment periods with lower interest rates, breaking down your monthly payments into more affordable increments.

Over time, you’ll pay less in interest when you work with a credit union than you would on your credit cards. Signature Loans from Cinfed offer versatile solutions for members’ financial needs – even short-term ones like vacations, school tuition and the holidays. Many variables need to be considered, so an important first step is to talk with a financial professional at any branch location.


Cinfed Credit Union
4801 Kennedy Avenue
Cincinnati, OH 45209
(513) 333-3800
Routing #242076656


They always go above and beyond at the Oakley branch and truly care about each of their members. And, I absolutely love their kids' membership program. It makes it fun for them to learn about money... 
— Courtney Snow
Been a member since I moved to the Queen City in 1978. Cinfed has always provided customer service that other financial institutions only dream about. Thank you for almost forty years of outstanding... 
— Tim Grabenstein
I recently became a member here at CINFED and it was the best decision I have ever made. I walked in with tears and despair and left with dry eyes, a smile, and I even received a hug from the branch... 
— Melanie
Earlier this year my much younger sister passed away and with that many obligations were to be met by my husband and myself ..My sister was survived by a daughter and son. We have since then taken on... 
— Vonda
How lucky I am to have Liz Frey managing the office I use! I live in Florida but maintain Cinfed as my main banking office. Everytime I need special help a simple email or call to Liz and it is... 
— Debbie G
Emily Snyder took the best care of my two auto loans. She was professional, courteous and very knowledgeable of the available services for me. She went out of her way to make sure I felt like I was... 
— Sarah Amyotte
I have been member with Cinfed since 1986. The Roselawn Cinfed staff greeted the customer phone calls friendly and polite willing to help you with your needs. They have excellent customer service.... 
— Marian Dudley
I have been a member of CINFED since about 1981 when I was transferred from SLC, Utah with the US Army Recruiting Command and have always received excellent service and support . Hope Dee Dee is... 
— Robert Olguin
I have been a member at the Roselawn Branch for a long time and I couldn't be more satisfied with the customer service. No matter how often I come in with a question or issue and no matter what... 
— Andreya T Williams
I been a member since 1985 and can not imagine banking anywhere else. This credit union as taken care of my every need. 24/7 services is excellent.
— Edward, member since 1985
I have been a Cinfed member for years. I know I can depend on them to provide excellent service. The bill pay on line is great and every time I visit the Florence branch I am met with friendly... 
— Jan Ricks
Closed a loan in 24 hours! Absolutely unheard of! Thanks to the exceptional customer service of LeAnn Rose at the Turfway Branch! She went above and beyond by providing unexpected expedited service! ... 
— Christina Stull
I recently applied for a credit card online. I received a call from Emily Snyder explaining what needs to be done next. It was easy and Emily’s customer service was excellent. Emily is a great... 
— Johnnie Bush
I met Emily Snyder because I had a flat tire in the parking lot of Cinfed Credit Union. I didn’t know what to do and she offered to help me. It was late in the evening and I didn’t think anyone... 
— Cindy Hyatt
Emily Snyder took care of setting up a consolidation loan for me on Saturday. She was very friendly, professional, and explained very articulately all the steps involved. Emily also opened a new... 
— Sally A Arbogast
I recently closed for a car loan and a credit card with Susan Z. Her service was excellent. We closed in a couple of days. She was so helpful with her knowledge. It was a pleasure to deal with her.
— Glenda Adkins
I cannot say enough good things about the service I have always received from Cinfed! Most recently, we refinanced a vehicle and dealt with Emily S.! She was quickly responsive and on top of her... 
— Serena Kain
I can say a million great things about Cinfed Credit Union and how they helped me over the years ,But there are many helpful service members, but one Great lady Is Mrs Susan Z. She is an Awesome... 
I have to say I think the new online banking update is pretty awesome. I love that the app is more up to date, clean and user friendly. Happy to be a customer with Cinfed.
— Kyle Neises
I have member with Cinfed for 24 years. The customer service is beyond great. Everything from daily banking to loan services. I recently purchased my daughter a car and originally it was going to be... 
— Tira Williams

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