personal loan Los Angeles
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If you’ve been thinking of taking out a personal loan, you’re not alone. Data from TransUnion shows that outstanding balances on personal loans went up 18 percent in the first quarter of 2018. However, many of these loans were originated online through FinTech companies. But what if you want to borrow from a financial institution that may know more about your community?

Credit unions, often originated by local employers, can be a great place to find community-based banking. We’ve been taking a look at credit unions and the loans they’re offering in large cities around the country. Below are some potential options for those living in L.A., with all rates being current as of July 5, 2019.¹

Some of the Best Personal Loan Options in Los Angeles

American Broadcast Employees’ Federal Credit Union (ABE Federal Credit Union)

ABE Federal Credit Union is a credit union for the employees of Walt Disney Company, Inc. and their families. Employees of the companies listed here are also eligible to join.

  • Founded: 1967
  • Stats: Nearly 9,000 members and more than $100 million in assets
  • Unsecured Personal Loan APR: 5.25% minimum

Schools Federal Credit Union

Schools Federal Credit Union was started by a group of Los Angeles City School District employees. The credit union now serves a variety of school districts, which you can see here.

  • Founded: 1939
  • Stats: More than $120 million in assets and more than 14,000 members
  • Unsecured Personal Loan APR: 6.78% minimum

Credit Union of Southern California

Cedars-Sinai Federal Credit Union has recently merged with the Credit Union of Southern California, and the new entity goes by the latter name. Now, anyone in Los Angeles County, Orange County, Riverside County, or San Bernardino County can join, as can those who work with select employers, regardless of where they reside.

  • Founded: 1954
  • Stats: 110,000 members and $1.4 billion in assets
  • Personal Loan Rates: 9.24% min

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20th Century Fox Federal Credit Union

Those working for 20th Century Fox can join this credit union, as can those working at the companies listed here.

  • Founded: 1933
  • Stats: More than $47 million in assets and more than 3,500 members
  • Unsecured Personal Loan APR: 7% minimum

Actors Federal Credit Union

Created for members of Actor’s Equity Association, membership in this credit union is now available to them, SAG-AFTRA members, and people who belong to these organizations.

  • Founded: 1962
  • Stats: More than $217 million in assets
  • Unsecured Personal Loan APR: 7.90% minimum

First Entertainment Credit Union

What began as Warner Seven Federal Credit Union (started by employees of Warner Bros. Studios) has expanded through multiple mergers and name changes over the years. Now, anyone working at the companies listed here can join.

  • Founded: 1967
  • Stats: More than 83,000 members and assets totaling more than $1.5 billion
  • Unsecured Personal Loan APR: 8.40% minimum

SAG-AFTRA Federal Credit Union

SAG-AFTRA members can join this credit union, as can their families (and families of former members). Retirees of these select employee groups are also eligible to join.

  • Founded: 1962
  • Stats: More than $320 million in assets and more than 35,000 members
  • Unsecured Personal Loan APR: 8.90% minimum

USC Credit Union

Someone doesn’t have to be a student, employee, or alumni of USC to join this credit union. Membership is also available to those who live, work, go to school, or worship in L.A. or Orange County, as well as those who work at the companies listed here.

  • Founded: 1973
  • Stats: Almost 72,000 members and more than $520 million in assets
  • Unsecured Personal Loan APR: 8.90% minimum

Wescom Credit Union

Membership to Wescom Credit Union is vast, including anyone who “lives, works, worships, or attends school in the seven Southern California counties.”

  • Founded: 1934
  • Stats: More than 200,000 members and nearly $3.5 million in assets
  • Unsecured Personal Loan APR: 8.90% – 17.90%

Want to learn more about personal loans? Click here to read about seven personal loan mistakes and how to avoid them.

¹This list of loans is provided for informational purposes only. Upturn Credit does not endorse any particular loan or have any relationship with the lenders. You should review all product information carefully before applying for any loan.

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