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The Truliant brand is a registered trademark of Truliant Federal Credit Union. The company provides personal loans for debt consolidation and home loans. It advertises its services at truliantfcu.org.

An overview of Truliant Federal Credit Union

truliant federal credit union

There are many reasons to consider taking out a personal loan, including consolidating debt, improving your home, or simply being able to have extra cash on hand. However, with so many lenders, it can be difficult to know where to turn for help.

A lending option that has been gaining a lot of attention lately is Truliant Federal Credit Union. Is this lender a good fit for you? Check out this Truliant Federal Credit Union Review to better decide if this credit union is right for you.

Quite a few things caught our attention within their site and terms and conditions when we took a closer look at them. The following are just a few of the exciting things we discovered.

  • This loan has a fixed rate between 6.99% and 17.99% APR, which is the range of the fixed rate.
  • The terms range from 6 to 84 months.
  • Terms and rates are subject to change.
  • Credit approval is required.
  • After signing their loan, borrowers who qualify can defer their payments for 90 days.
  • Your loan will accrue interest from closing until you start paying.

Truliant Federal Credit Union: What is it?

For over 60 years, Truliant Federal Credit Union has offered full-service financial solutions to its members. A credit union based in Winston Salem, North Carolina, Truliant Federal Credit Union offers a variety of products and services, including credit unions, savings, loans, and investments. They’re able to be reached at (336) 659-1955.

The Better Business Bureau rates Truliant Federal Credit Union as an A+. In the last three years, the credit union has had 45 customer reviews and 41 complaints closed. It’s been accredited since 1997 and has an average customer rating of 1.49 out of 5.

What is the Truliant Federal Credit Union’s business model?

If you’d like to join Truliant, you can do so at their branches, over the phone, or online. Once you’ve applied, a member of their Digital Guidance Team will help you through the rest of the process, giving you personalized attention and answering any questions you have. Once you’re done, your funds are ready for you.

What are the qualification requirements for Truliant Federal Credit Union?

There is no doubt that Truliant Federal Credit Union offers some of the best rates around. However, there is a catch: to be able to qualify for those rates, you need to have great credit. The first step would be to check your credit report to see where you stand.

BBB Ratings for Truliant Federal Credit Union

With an A+ rating from the Better Business Bureau, Truliant Federal Credit Union is a credit union that has been in business since 1997 and has had an average customer rating of 1.49 out of 5 stars. During the last three years, there have been 45 customer reviews and 41 complaints that have been resolved by the credit union.

Here’s what people have said:

Ethen M 08/19/2022

I keep getting denied for loans, even though I have good credit and make all my payments on time. I’ve had a line of credit with them before, which I paid off early, and an auto loan, which was always paid on time, but when I applied for a loan to help to help cover moving expenses, or to consolidate some of my bills, I get rejected.

Tasha P. 06/23/2022

Terrible experience trying to take out a loan with Truliant. We ended up withdrawing our application due to the horrid customer service and the several mistakes that were made throughout the process, and even after we canceled. The representatives have no respect for first time customers and seem to tell you anything just to get you off the phone. I felt as if I was a burden to the representatives that I spoke with. I do not trust this company and will not be recommending them to anyone.

Gianela G 05/12/2022

u003cpu003eDo does not take out a loan with Truliant, they will tell you whatever it takes to get you to do it even lie to you about monthly payments, etc. My husband and I applied for a home equity line of credit under FALSE PRETENSES of what our monthly payment would be and how the HELOC worked. We were told there would be a draw period (like all helocs) where we pay a lower monthly payment but it would mostly cover the interest. u003c/pu003eu003cspan style=u0022font-size: inherit; color: inherit; font-family: var(u002du002dtext-font);u0022u003eAfter applying for the loan turns out that they expect you to pay 1% of the outstanding balance on the loan every month and there is no true draw period where you pay mostly on interest, it’s just “like a big credit card”. So we wanted to take out 75k and we’re originally quoted $532/month given our credit, etc. We’ll when our assigned loan processor she told us our payment was going to be $750. And that she also couldn’t tell us how much of it would go to interest and principal even though she knew the exact amount. A bunch of crooks and forced a credit pull on us based off of a lie.u003c/spanu003e u003cbru003e

FAQs for Truliant Federal Credit Union

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What are the fees charged by Truliant Federal Credit Union?

Intruliant Federal Credit Union Personal Convenience Loans have fixed interest rates ranging from 6.99% APR to 17.99% APR, so they’re a wise choice. If you’d like a variable rate, you can get a Preferred Line of Credit at 12.49% APR to 18.00% APR.

The loan can be deferred for up to 90 days after signing, with interest accruing from the closing date until payments begin. This program gives you up to 84 months of loan extension.

Is there a pre-payment penalty?

Truliant Federal Credit Union doesn’t charge application, processing, origination, or prepayment fees.

What is the impact of Truliant Federal Credit Union on your credit?

During the application process, they’ll do a soft credit pull to give you an idea of your interest rates and loan terms. This won’t affect your credit score.

To get a full picture of your credit history and offer you final rates, they will need to do a hard credit inquiry. These hard inquiries are common when applying for loans and can lower your credit score.

Can I cancel Truliant Federal Credit Union?

There’s no going back once you’ve applied for a personal loan. Once funds are dispersed into your bank account, you can’t reverse or rescind the transaction. Before applying for a personal loan, you should be sure of your decision. You won’t have to cancel or change anything down the road that way.

Here are some tips to help you get back on track if you’re struggling to make ends meet.

  • Keeping a budget is a great way to stay on track.
  • Talk to a financial advisor who can help you understand your options and develop a plan that works for you.
  • Finally, don’t worry if you’re already in debt. Many companies will work with you to create a more manageable payment plan.

What is the truth about Truliant Federal Credit Union?

Over the past 70 years, Truliant Federal Credit Union has helped people with their finances. They offer various services tailored to your needs and to help you get the money you need. The Better Business Bureau has accredited Truliant since 1997 and has an A+ rating. The company doesn’t get much customer love, with only a 1.49 out of 5-star rating.

There are many things to consider before taking out a loan. The best thing you can do is shop around and compare rates from different lenders, regardless of why you need the loan. You can get a good idea of what others think about a lender by reading customer reviews. That way, you won’t take out a loan you can’t afford and choose the right option for you.

Have you used truliantfcu.org? Let us know what you think!

Thanks for reading!

Truliant Federal Credit Union
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Truliant Federal Credit Union Review

In addition to offering a variety of services tailored to meet your needs, Truliant Federal Credit Union assists you in receiving the funds you need to fulfill your financial goals for over 70 years. In spite of this, customers have not been as impressed, giving the company only 1.49 out of five stars. They are accredited by the Better Business Bureau and have received an A+ rating.

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