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Student Loans

A better way to pay for college.

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At Members First, we’re small enough to make a big difference during every stage of your life and that holds true as you pursue a higher education. Together with our friends at Student Choice, we can provide options in college funding whether you’re looking to finance undergraduate studies or refinance and consolidate other student loans.

Once you’ve exhausted lower-cost sources of financial aid like scholarships and grants, we’re here to help fund your education. Let us help find a solution that meets your needs.


How can we make a difference for you today?


Why a Student Loan at Members First?

  • No origination fees or prepayment penalties
  • As a local not-for-profit cooperative, we can offer a more competitive rate
  • More than 2,000 approved schools across the country
  • A library of answers to your most common questions
  • Financial resources to help you succeed in college and beyond

Student Loan

Don't let gaps in federal funding keep you from getting your education. Our Student Choice Private Lending Solution provides the additional funds you need and features you want, including:

  • Line of credit structure so you can borrow once for your full undergraduate career1
  • Flexible repayment and in-school deferment options
  • Easy online application
  • 24/7 call center support

Learn more and apply online today.


Student Loan Refinance

Repaying student loans is nobody's favorite task. And it's possible you could have numerous loans with varying interest rates from different lenders and multiple payments. If you are in grace or repayment on one or more private or federal student loans2 we can help make your loan repayment less stressful. With our Student Choice Refinance solution, you can refinance and consolidate your existing student loans into one convenient payment.

You may be a good candidate for refinancing your student loans with us if:

  • You're paying a high interest rate on your loans
  • You have multiple private student loans and/or higher rate federal loans
  • You have a good credit history or a strong co-signer

Learn more and apply online today.


iGrad - Modern Financial Literacy

We're not just here to provide student loans. Members First is proud to offer modern financial education tools and resources to help you make informed decisions about money management, budgeting, finding a career, financial aid, and much more.


Members First Scholarship Program

We created the Members First Credit Union Memorial Scholarship Program to aid students in their quest for further education. Applications are available in January each year and accompanying material must be postmarked or delivered to the credit union by the last business day in March.


1Subject to credit qualification and annual credit review. Must meet school's Satisfactory Academic Progress (SAP) requirements. Approved schools subject to change without notification.

2If you refinance federal student loans, you may lose certain borrower benefits from your original loans. These may include interest rate reductions, principal rebates, or some cancellation benefits that can significantly reduce the cost of repaying your loans.