Financial goals are not one-size-fits-all. Michigan First Credit Union can help you navigate life’s moments. We have a loan for every dream and every need.

Our personal loans can be used for:

  • Life Stages such as a wedding, a new baby, college tuition, or a new home
  • Unexpected Events such as a medical procedure, the passing of a loved one, the loss of a job, or auto repairs
  • Living Your Best Life with home updates, travel, debt consolidation, a new vehicle, or even a boat


What’s a life event loan anyway?

This is the loan you can do whatever you want with (as long as it’s legal). If approved, you’ll borrow a set amount and have scheduled monthly payments with a fixed interest rate. Instead of putting large expenses on your credit card, using a personal loan can give you lower interest and predictable payments.

What if I don’t have stellar credit?

With a Savings Secured Loan, you use your savings account as collateral to take out a loan at a low rate. You can borrow anything from $500 up to the balance in your savings account. The Savings Secured Loan is excellent for people who need to build their credit back up to qualify for a larger loan!

Can I get a personal line of credit?

Yes, our Signature Line of Credit is a great option when you need some extra cash. It’s a preset credit limit that you can draw from at any time. We offer a fixed interest rate and access via online and mobile banking. Enjoy the peace of mind that comes from knowing you have extra money available!

With a customized loan from Michigan First, you can plan for both the expected and unexpected.



Sometimes, you just need some spare cash. Michigan First’s Skip-A-Pay option can make that happen. Qualified members can skip one loan payment between February and October, and once again in December. Skip-A-Pay costs $60 for a home equity loan and $40 for all other loan types – but you can get this fee waived with MoneyPerks points.

How do you qualify for Skip-A-Pay? Check out the FAQs for details. Trust us, it’s a great tool to have in your back pocket for a month when your budget is stretched just a little too tight.

Apply for Skip-A-Pay through online banking, visiting a branch, or downloading, completing and faxing the Skip-A-Pay form to 248.443.4280 or by mailing it to Branch Support, 27000 Evergreen, Lathrup Village, MI 48076.