At Kansas City Credit Union, we are committed to bringing you the products and services necessary
for you to reach your financial goals. That’s why we are pleased to offer a Freedom Loan. Similar to a traditional payday loan, our Freedom Loan is a small, short-term loan. But there are important key differences: No sky-high interest rate and a longer repayment period.
KCCU Freedom Loan vs. Traditional Payday Lenders
190% – 780%
Length of Repayment:
Up to 6 months
Fee Charged for Each $100:
$15 – $30
*Payments made through direct deposit or payroll deduction.
Freedom Loan Applications are only accepted in person. Contact Us
Frequently Asked Questions
What are the minimum and maximum amounts I can borrow?
For first-time borrowers, the minimum is $300 and the maximum is $500. After successfully paying off the first loan, the subsequent maximum is $750.
What are the minimum and maximum interest rates?
Our flat rate for this loan is 36%.
Can I have more than one Freedom Loan at a time?
Only one is allowed at a time and no more than two granted in a 12 month period. This is a closed-end loan and must be paid in full before applying for another; cannot be added to or rolled over into a new loan.
What are the qualifications to apply?
Must be a member of KCCU for at least three months, have an active Savings Account and meet our “Member in Good Standing” policy requirements. Additionally, cannot have been denied a loan by the credit union within the 30 days prior to application date, or presently in bankruptcy or in the process of filing for bankruptcy. Must be able to verify employment and/or income going back at least six months. Must also have direct deposit to cover loan payment. Cannot have Freedom Loan if utilizing Overdraft Privilege. ALL previous Kansas City Credit Union Loans must have been paid, in full, as agreed upon.