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North Carolina’s premier full-service financial institution, First Flight Federal Credit Union, has been serving members since 1952. With branches across the state, they offer a wide range of services and products to meet your financial needs. They advertise their services at efirstflight.com.
First Flight Federal Credit Union Summary
When it comes to personal loans, it’s important to do your research and compare all your options. With so many lenders available, it can be hard to know where to turn. But don’t worry – we’re here to help.
First Flight Federal Credit Union is one lender that has been getting a lot of attention recently. But is this the right choice for you? Here’s a closer look at what they offer so you can make an informed decision.
We did some digging and found some interesting things about their website and terms and conditions. Here are a few of the things that caught our attention.
- Personal Loan rates range from 10.77% to 12.68% APR.
- Interest rates range between 10.25% and 11.00%.
- Other credit options are available at higher rates.
- You will be charged a minimum of $25 per month, or 2% of your loan balance.
- Membership eligibility may be required.
- There are no fees for unused lines, and you only pay on the balance you have used.
What is First Flight Federal Credit Union?
First Flight Federal Credit Union has been serving its members since 1952. Their branches are located in different parts of North Carolina. Their membership is quite diverse, including residents of many communities, employees of different industries, small businesses, as well as military personnel and civilians. The credit union’s corporate headquarters is located at 1815 Kildaire Farm Rd., Suite A in Cary, NC 27518 and you can reach them at 1-800-807-0766.
At First Flight Federal Credit Union, they have a B- BBB rating. They’re not accredited by the BBB, but it has an average of 1 customer review and 1 complaint closed in the last 3 years with a 1-star out of a 5-star rating from customers.
How does First Flight Federal Credit Union work?
In order to open an account with First Flight Federal Credit Union, they will need some basic information from you, such as your name, address, and date of birth. They may also ask to see your driver’s license or other forms of identification. Providing this information will help them verify your identity and ensure that they are providing their services to the right person.
As a member of First Flight, your family and household members are also eligible to join and take advantage of all the benefits that come with membership.
How to qualify for First Flight Federal Credit Union?
Qualifying for membership can be done in a few ways. For starters, they accept members of the military or government employees, both current and retired. Additionally, those who live, work, or worship in any of the following communities are also welcome: Lenoir County, Pitt County, Morehead City Community, New Bern Community, and Havelock Community.
Another way is by having electric service through Carteret-Craven EMC. Another way is through your employer or organization having a corporate relationship with First Flight.
You may also join one of the following associations by donating $5-$10, which will then qualify you for First Flight Federal Credit Union membership. You can easily join one of these associations online or at one of their financial center locations. The associations are Capital Area Preservation Club, Holly Springs Arts Council, and Beaufort Historical Society.
First Flight Federal Credit Union BBB Reviews
First Flight Federal Credit Union has a B- rating from the BBB. They’re not accredited by the Better Business Bureau and have an average customer review rating of 1 out of 5 stars.
Here are some reviews:
Douglas K 04/16/2020
Complaint Type: Advertising/Sales IssuesStatus: Unanswered
I called her again to get information as to why this was happening and I no longer had access to check my account after this conversation. She told me that she could not discuss anything with me. I’m not getting a monthly statement so I have no way to know what my principal and interest are on each payment or what is going on to cause this issue. The trustee made payments to them for $256.28 per month. Please help me get this resolved. I don’t think this is legal.
First Flight Federal Credit Union FAQs
How much does First Flight Federal Credit Union charge?
First Flight Federal Credit Union offers personal loan rates that are highly competitive, ranging from 10.77% to 12.68% APR. You’ll also be charged a minimum of $25 per month, or 2% of your loan balance.
Are there any pre-payment penalties?
Although First Flight Federal Credit Union does not publicize its fees, they do charge a 2% monthly payment out of your loan balance.
How does First Flight Federal Credit Union affect your credit?
When you check your rate, it won’t affect your credit score. But, once you view your rates and proceed with a loan, they will do a full credit report inquiry. This is called a hard pull and can lower your credit score. Also, third parties can see this type of inquiry on your record.
How to cancel First Flight Federal Credit Union?
Loans can be a great way to get the funding you need for a large purchase or unexpected expense. But it’s important to understand all the terms and conditions associated with a loan before you apply. For example, at First Flight Federal Credit Union, once you receive the loan funds, the loan cannot be canceled or reversed. So be sure you’re certain a loan is the best choice for you before moving forward.
Do you find it difficult to make ends meet? Here is some advice that may help you get back on track.
- Developing a budget and sticking to it is a great way to ensure you only spend what you can afford.
- Another option is to reach out to a financial advisor who can help you explore your options and develop a plan that is right for your circumstances.
- Finally, don’t despair if you’re already in debt. Many companies are willing to work with customers to arrange a more manageable payment plan. So reach out to their customer service team for more information.
Is First Flight Federal Credit Union legit or a scam?
Since 1952, the folks at First Flight Federal Credit Union have been helping members get the money they need. They offer competitive rates on loans and credit products, as well as helpful financial services to make managing your money easier. However, this credit union has a B- rating with the BBB and only 1 star out of 5-star customer rating.
When considering taking out a loan, it is important to explore all of your options and compare rates. Be sure to read customer reviews before making a decision so that you can choose the best option for you. This way, you can avoid taking out a loan that you cannot afford.
Do you know efirstflight.com? Leave your experience and review below!
Thank you for reading!
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