Loans & credit

Borrowing from a cooperative is a different conversation.

Every loan is underwritten by a person who works in Tacoma, reviewed by a credit committee of members, and priced for the member, not a quarterly profit target.

Auto loans

New, used, and refinance auto loans with same-day decisions, no application fee, and a $250 rate match if you find lower at another lender.

5.49% APR

Up to 84 months

We approve auto loans for members in about forty minutes during business hours, and most applications submitted at the dealership clear before the sales paperwork is finished. If you walk in with a quote from another lender, we will beat it or send you a check for $250.

Features

5.49% APR new, 6.24% APR used (model year 2017+)
Refinance from another lender, skip first payment 60 days
$0 application fee, $0 prepayment penalty
GAP coverage and mechanical breakdown protection at member pricing

Good for

Buying new or used, refinancing a higher-rate dealer loan, or restructuring a loan after a credit improvement.

How to apply

Apply online in about ten minutes. Pre-approval letters are valid 60 days and let you negotiate as a cash buyer at the dealer.

Apply or pre-qualify Talk to a lender

Mortgages

Fixed-rate, ARM, FHA, VA, USDA, and Washington State Housing Finance Commission first-time buyer programs, underwritten in house.

6.625% APR (30-year fixed)

10, 15, 20, and 30 year terms

Every mortgage is underwritten by a person in Tacoma. We keep most of our mortgages on our own books rather than selling the servicing, which means the people answering the phone are the same people who closed your loan.

Features

First-time buyer programs with as little as 3% down
No PMI on conventional loans with 10% down via lender-paid option
Free 60-day rate lock with a fully underwritten pre-approval
Down-payment assistance through Home Advantage and Opportunity

Good for

First-time buyers, members who were burned by an out-of-state lender, and refinances of jumbo or non-conforming loans.

How to apply

Start with a free 20-minute consult with a salaried (not commissioned) mortgage advisor. We will tell you honestly whether buying right now makes sense.

Apply or pre-qualify Talk to a lender

Home equity & HELOC

Tap your home's equity for remodels, debt consolidation, or a college funding bridge, with no application fee and no annual fee.

8.25% APR (HELOC)

10-year draw, 20-year repay

A HELOC at the credit union is straightforward. We lend up to 85% combined loan-to-value, with a 10-year draw and 20-year repayment. Closing costs are typically waived for lines opened above $25,000.

Features

Up to 85% combined loan-to-value
Fixed-rate advance option, lock in a portion of your balance
$0 application fee, $0 annual fee on the line
Closing costs waived above $25,000 line size

Good for

Funding a remodel, consolidating higher-rate debt, or bridging a college tuition gap without touching retirement savings.

How to apply

Approval typically takes 14 to 21 days, including the in-home appraisal that is currently waived on lines below $250,000.

Apply or pre-qualify Talk to a lender

Credit cards

Two member-priced credit cards: a low-rate Commons Visa and a Rewards Visa with no foreign transaction fees and a real cash-back rate.

12.99% APR

Variable revolving

We do not introduce 0% teaser rates that reset to 29.99%. The Commons Visa starts at 12.99% APR for qualified members and stays there. The Rewards Visa pays 2% on everything with no annual fee, no foreign transaction fee, and no rotating category nonsense.

Features

Commons Visa: 12.99% APR, no annual fee, no balance transfer fee
Rewards Visa: 2% cash back on everything, no foreign transaction fee
$0 fraud liability, instant card lock from the mobile app
Free FICO score updated monthly in the member app

Good for

Members carrying a balance who need a real rate, and members who pay in full but want straightforward rewards.

How to apply

Decisions typically in under two minutes. Soft-pull pre-qualification available without affecting your credit.

Apply or pre-qualify Talk to a lender

Student loan refinance

Refinance federal and private student loans into a single member-rate loan, with cosigner release after 24 on-time payments.

5.99% APR

5, 10, and 15 year terms

Refinancing federal loans into private gives up federal protections. We will say so explicitly during the application, and our member services rep will walk through whether refinancing is the right call given your situation. Sometimes it is. Sometimes it is not.

Features

5.99% APR variable, 6.49% APR fixed for qualified members
Cosigner release after 24 consecutive on-time payments
No origination fee, no prepayment penalty
Forbearance options for documented hardship

Good for

Borrowers with strong credit and stable income who hold high-rate private loans, or who have already decided federal protections do not apply to their situation.

How to apply

Pre-qualify with a soft credit pull in about five minutes online.

Apply or pre-qualify Talk to a lender

Personal loans

An unsecured personal loan from a real person, with no origination fee and a fixed payment for the life of the loan.

9.99% APR

12 to 60 months

We approve personal loans up to $40,000 for qualified members. Most uses we see: consolidating credit card debt, covering an unexpected medical bill, funding a small remodel that is too small for a HELOC, or starting an adoption process.

Features

9.99% APR to 17.99% APR based on credit profile
$1,000 to $40,000 loan amounts
No origination fee, no prepayment penalty
Funds typically available same business day after approval

Good for

Debt consolidation, medical expenses, small remodels, adoption costs, or moving expenses.

How to apply

Soft-pull pre-qualification online. Member services follows up within four business hours during banking days.

Apply or pre-qualify Talk to a lender

Small business loans

Lines of credit, equipment financing, and SBA 7(a) loans for South Sound businesses with under $10M in annual revenue.

7.50% APR

Lines of credit, term loans, SBA 7(a)

We are an SBA Preferred Lender, which means we underwrite SBA loans in-house without sending them out to the regional SBA office. Combined with our local board and local credit committee, that translates to faster decisions and fewer surprises.

Features

Lines of credit from $25,000 to $500,000
Equipment financing up to $1.5M, terms to 7 years
SBA 7(a) loans to $5M, in-house underwriting
Owner-occupied commercial real estate to $3M

Good for

Established small businesses in Pierce, Thurston, and South King counties seeking a local lending relationship.

How to apply

Start with a 30-minute conversation with our small business team. We will tell you what is realistic before you spend hours on paperwork.

Apply or pre-qualify Talk to a lender

The $250 rate match

Bring a lower auto rate. We beat it or we pay you.

Walk in or upload a competing pre-approval letter from any federally insured lender for the same vehicle and term. If we cannot beat the rate, we will send you a $250 Visa gift card. We have paid out the gift card three times in the last decade.

Same vehicle (new or used), same term length
Competing offer must be a written pre-approval, dated within 14 days
Available on new and used auto loans up to 84 months
One match per member, per vehicle, per 12 months