Personal Loan
Flexible Financing for Life’s Big Moments
Whether you’re consolidating high-interest debt, funding a home renovation, or covering an unexpected expense, our personal loans give you the freedom to move forward on your terms. Utica Gas & Electric Federal Credit Union offers straightforward, fixed-rate financing with no collateral required—so you can focus on what matters most.
Why Choose UGEFCU for Your Personal Loan
• Local expertise: Serving New Hartford and the Mohawk Valley for over 80 years
• Member-focused rates: Competitive, transparent APRs exclusive to UGEFCU members
• Fixed rates: Your payment stays the same from day one through payoff
• No collateral required: Unsecured financing keeps your assets protected
• Rate discounts: Qualify with an active UGEFCU Visa or recurring direct deposit
• Fast decisions: Get approved in as little as one business day
How You Can Use a Personal Loan
• Debt consolidation: Simplify multiple balances into one monthly payment
• Home improvements: Upgrade kitchens, bathrooms, or add that new deck
• Major purchases: Cover furniture, appliances, or electronics
• Unexpected expenses: Handle medical bills, car repairs, or emergency needs
• Special occasions: Fund weddings, family trips, or milestone celebrations
Rates & Terms at a Glance
• Loan amounts start at $1,000; maximum based on creditworthiness (typically up to $30,000)
• Terms from 12 to 60 months to fit your budget
• APR discounts available for active UGEFCU Visa holders or members with qualifying direct deposit
• No origination fees; no prepayment penalties
Simple Application Process
• Apply online in minutes or visit our New Hartford branch
• Provide ID, proof of income, and any documentation related to your loan purpose
• Receive a decision in as little as one business day
• Accept your offer, sign electronically or in-branch, and access your funds
We handle the details so you can focus on your goals.
Frequently Asked Questions
• What credit score do I need?
We typically approve scores starting in the mid-600s; stronger profiles qualify for our best rates.
• Can I pay off early?
Yes—there are no penalties for early payoff. Save on interest by paying off your loan ahead of schedule.
• Do I need to be a credit union member?
Yes—membership is open to Utica Gas & Electric employees, their families, and those who live, work, worship, or attend school in our service area. A $5 savings deposit opens your membership.
• How do I qualify for the rate discount?
Simply have an active UGEFCU Visa or set up a recurring direct deposit into your share savings.
Ready to Take the Next Step?
Join thousands of UGEFCU members who trust us to finance their life’s milestones. Click Apply Now or visit us at:
215 Old Campion Road
New Hartford, NY 13413
Questions? Call us at 1-800-990-7499 or email ugefcu@ugefcu.com.