Our Hadley Branch will remain closed through at least Monday, October 19, due to ongoing water and plumbing issues. The drive-up Smart ATM remains open for your convenience, and includes the ability to deposit funds and make loan payments. All other branches remain open as usual during normal business hours. Access your accounts anytime through online and mobile banking.
Personal Loans & Lines of Credit
Whether you need a small personal loan or a large one, UMassFive offers low interest rates to meet your needs. Apply online or at a branch near you.
Personal Loans:
A traditional loan for a set amount, with one disbursement and a fixed term.
- Fixed monthly payment
- Can be used for a wide variety of borrowing needs
Personal Lines of Credit:
Use as much or as little as you need, whenever you need it. This loan stays open, and you'll only repay what you use.
- Payment is re-calculated each month as a percentage of the outstanding balance.
- Overdraft Protection - Safeguard yourself from insufficient funds.
Lower Your Rate Even More With Co-op Points
That's right. With 2,500 Co-op Points, you can reduce your Personal Loan rate by 0.25%.
Personal Loan Rates
| Product | Annual Percentage Rate | Max Term | Limits |
|---|---|---|---|
| Personal | 11.99% | 48 Months^ | $25,000.00 |
| Personal | 13.49% | 60 Months^ | $25,000.00 |
| Personal Line of Credit | 18.00% | Revolving | $25,000.00 |
| Overdraft Line of Credit | 18.00% | Revolving | $25,000.00 |
| The current prime rate is: 7.00%. Rates effective as of October 5, 2026. Rates subject to change at any time. |
Payment example: 11.99% for 48 months equals $26.34 per $1,000 borrowed.
Payment example: 13.49% for 60 months equals $23.02 per $1,000 borrowed.
^ 60 month term available for loan amounts of $15,001 or greater. Terms up to 48 months available for loan amounts of $15,000 or less.
Financial Knowledge:
Disclosures
The current prime rate is: 6.75%. Rates effective as of August 3, 2026. Rates subject to change at any time.
•Maximum term for home heating is 12 months unless a Secondary Share Account has been established to pay for the following years heating expenses.
•Total amount of all unsecured loans and lines of credit may not exceed $50,000 per member.
Payment example: 12.99% for 48 months equals $26.83 per $1,000 borrowed.
Payment example: 13.99% for 60 months equals $23.37 per $1,000 borrowed.