Holiday Closure:  AFFCU will be closed on Monday, May 29 in observance of Memorial Day.  You can still access your accounts online via mobile and online banking.

Atlantic Financial Blog

Home & Auto

Home Equity Loans & HELOCs: Pros & Cons

Home equity loans and home equity lines of credit (HELOCs) are common ways that homeowners tap into the equity they have in their homes. Although these loans are affordable and convenient, they may not be right for every person and every situation. The following are three common ways that these loans are used. Comparing the pros and cons can help … Continue reading

A happy couple looks at home equity loan options on their tablet.
Credit & Debt

What Can I Use a Personal Loan For?

A personal loan is a convenient and popular type of installment loan but maybe you’re wondering, what can I use a personal loan for? Fortunately, there are few restrictions on how you can use this financial tool, but personal loans do come with clear advantages and disadvantages. Read on to find out how personal loans work and what they’re best … Continue reading

A young man considers what to use a personal loan for.
Credit & Debt

What Can Be Used as Collateral for a Personal Loan?

Personal loans are among the most flexible and common loans that lenders issue. The money you borrow can be used for nearly anything, and qualifying is relatively easy. Although personal loans don’t usually require collateral, there are some situations where collateral may be beneficial.  There are also many different things you can use as collateral. This flexibility may help you … Continue reading

A woman calculates the value of collateral used for a personal loan.
Credit & Debt

Pros and Cons of Personal Loans

A personal loan is a convenient financing tool offered by credit unions, banks, and other lenders. If you’re thinking about applying for a loan, the following comparison of the pros and cons of personal loans can help you decide whether it’s the best borrowing option for your needs. 7 Pros of Personal Loans Personal loans are popular because they offer … Continue reading

A woman considers the pros and cons of personal loans.