First Flight Federal Credit Union has served members since 1952, making it North Carolina’s premier full-service financial institution. As a financial institution with branches throughout the state, it can meet your financial needs with a wide range of services and products. Their website is efirstflight.com, which advertises their services.
The First Flight Federal Credit Union has received much media attention over the past few months. Do you think this is the right choice for you? See what they have to offer after checking out this First Flight Federal Credit Union Review.
Overview Of First Flight Federal Credit Union
If you’re looking for a personal loan, you should research and compare all your options. The number of lenders available can make it difficult to decide where to turn. You need not worry – we are here to assist you.
In the past few months, First Flight Federal Credit Union has received much media attention. Do you think this is the best choice for you? You can make an informed decision after looking closely at what they offer.
Our research revealed some interesting things about their website and terms and conditions. These are some of the things that caught our attention.
- The interest rate on a personal loan ranges from 10.77% to 12.68%.
- There is a range of 10.25% to 11.00% in interest rates.
- There are other credit options available at higher interest rates.
- Your monthly payment will be 2% of the balance of your loan or a minimum of $25 per month.
- There may be a requirement for membership eligibility.
- Fees are not charged for unused lines; you only pay on used balances.
What Is It?
First Flight Federal Credit Union will require some basic information from you to open an account with them, such as your name, address, and date of birth. Additionally, your driver’s license or other forms of identification may be requested. Providing this information will assist them in verifying your identity and ensuring that you are the right person to receive their services.
In addition to the benefits that come with being a member of First Flight, your family and household members are also eligible to join and take advantage of all the perks that come with being a member.
It is possible to qualify for membership in several ways. They accept both current and retired members of the military and government employees. Furthermore, those residing, working, or worshipping in any of the following communities are welcome to attend: Lenoir County, Pitt County, Morehead City Community, New Bern Community, or Havelock Community.
You may also be able to get power from First Flight if your employer or organization has a corporate relationship with Carteret-Craven EMC.
Membership in any of the following associations qualifies you for First Flight Federal Credit Union membership by donating $5-$10. The financial centers of these associations offer easy online and in-person memberships. Capital Area Preservation Club, Holly Springs Arts Council, and Beaufort Historical Society are the associations.
First Flight Federal Credit Union Reviews By The BBB
According to the Better Business Bureau, First Flight Federal Credit Union has a B- rating. A majority of their customers have given them a rating of 1 or 2 out of 5 stars based on their customer reviews, which the Better Business Bureau does not accredit.
How Much Does It Cost?
Rates on personal loans are highly competitive at First Flight Federal Credit Union, ranging from 10.77% to 12.68% APR. As part of your monthly payment, you will also be charged a minimum of $25, or 2% of your total loan balance, each month.
Is There Any Penalty For Pre-Payment?
Even though First Flight Federal Credit Union does not publish its fees, the credit union does charge a 2% monthly fee from the loan balance that is owed to them.
What Is The Impact On My Credit Score?
If you check your interest rate, it will not affect your credit score in any way. As soon as you view your rates and make a decision to proceed with a loan, they will do a complete credit report inquiry on you. It is called a hard pull, and it can hurt your credit score. There is also a possibility that third parties may be able to view your record if you make this type of inquiry.
How to cancel First Flight Federal Credit Union?
Getting the funds, you need to make a large purchase or pay for an unexpected expense can be a great way to save money with a loan. Before applying for a loan, make sure you understand all the terms and conditions. For example, at First Flight Federal Credit Union, once you receive the loan funds, you cannot cancel or reverse the loan. Make sure a loan is the best choice for you before moving forward.
Is it hard for you to meet your financial obligations? The following advice may help you get back on track.
- Budgeting and sticking to it are great ways to ensure you only spend what you can afford.
- You may also want to discuss your options with a financial advisor, who can help you develop a plan that suits your needs.
- You don’t have to despair if you are already in debt. Customers can often arrange a more manageable payment plan with many companies. You can find out more by contacting their customer service department.
Is It Legit?
For over six decades, First Flight Federal Credit Union has been providing members with the financial services they require. From competitive loan and credit product rates to assistance managing your money, this credit union has it all. Unfortunately, its current BBB rating is at a B- level and customer reviews give it only 1 out of 5 stars.
If you are considering taking out a loan, it is important to compare your options and compare interest rates. Ensure that you read customer reviews before deciding so that you can choose the best option for you. This will allow you to avoid taking out a loan that you are unable to repay.
First Flight Federal Credit Union
First Flight Federal Credit Union
First Flight Federal Credit Union Review
First Flight Federal Credit Union has been helping members get the money they need since 1952. In addition to offering competitive loan and credit rates, they also offer financial services to help you manage your money. There is only one star out of five out of 5 stars on the BBB rating for this credit union.