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Consolidation Loans

Simplify your finances with one convenient payment.

Consolidating higher-interest balances into a single loan may help make managing your finances easier and more predictable. Our team is here to help you explore your options.
*Subject to credit approval.

Why choose a Consolidation Loan?

Combining eligible balances into one loan may help simplify your finances and make monthly payments easier to manage. Our local lending team is here to help you explore your options.

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Simplify multiple payments

Combine eligible debts into one convenient monthly payment and reduce the hassle of managing multiple due dates.

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Easy application process

Apply online or connect with our team to get started with a straightforward application process.

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Local lending decisions

Work with a local team that understands your needs and can provide timely lending decisions.

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Personalized service

Get guidance from friendly financial professionals who are committed to helping you find the right solution.

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Optional Debt Protection

Ask about Debt Protection options that may help provide additional peace of mind for your loan.

What our customers say

Excellent service, excellent products and loans, excellent staff! I can't thank Tracy in Cloquet enough for all of her help, her kindness, her expertise. The excellent, excellent (have I said "excellent" yet?:) customer service in both Cloquet and Moose Lake is very refreshing and much appreciated. You are all top notch!
Joey G.
I loved NCU since way back when it was Potlatch Credit Union, almost a lifetime of membership! They’re always so helpful in what ever needs I have. Whether it’s a loan, setting up a new account, or cashing in my change, they do it all!
Jill B.
I became a customer about 40 years ago because their loan rates were low, they were dependable and knowledgeable, and their customer service was outstanding. The same still holds true today.Thank you for making financial decision-making easy.
Tina S.

Frequently asked questions

Find answers to common questions about our checking accounts and services.

  • A debt consolidation loan combines multiple debts into one payment.

  • Yes, borrowers may use consolidation loans to pay qualifying debts.

  • Potential savings depend on rates, terms, and qualifications.

  • Apply online or contact a loan officer.

  • Eligible debts vary by borrower and loan program.

  • Eligible debts may qualify for consolidation.

  • Many borrowers prefer one monthly payment.

  • Individual credit impacts vary.

Simplify your finances in three easy steps

Whether you're consolidating credit cards, personal loans, or other eligible balances, our team is here to help make the process simple and straightforward.

  • 1

    Let's talk

    Tell us about your goals and the debts you'd like to consolidate.

  • 2

    Explore solutions

    We'll help you review available loan options and answer your questions.

  • 3

    Move forward

    Finalize your loan and enjoy the convenience of managing fewer payments.

Apply now

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Start your loan application today

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Apply online 24/7 whenever it’s convenient for you.

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Ready to simplify your finances?

Let's find a solution that works for you

If you're managing multiple payments, a consolidation loan may help make repayment easier. Our team is here to help you explore your options and move forward with confidence.