If you need to borrow a sum of $50,000, going to the credit unions in California is the best option. This is because the interest rate and fees at California credit unions will be cheaper compared to the banks. Not many credit unions in California offers personal loans with a generous amount of up to $50,000. The following are the top 3 credit unions in California that offer loan amount of up to $50,000 in their signature loans.

1. California Credit Union (CCU)

California Credit Union (CCU) was founded in 1933 to provide financial services for educators in California. California Credit Union and North Island Credit Union are. California Credit Union (CCU) offers a personal loan called Signature Plus Loans that allows you to borrow up to $50,000. The APR interest rate starts from 6.99% and can reach up to 17.50%. The APR interest rate is fixed so that you pay a fixed payment every month. You can choose a loan term of up to 10 years (120 months). CCU Signature Plus Loans is an unsecured loans that don’t require any collateral. You get free access to your account through digital and telephone banking.

2. Redwood Credit Union
Redwood Credit Union was originally founded by 7 employees of Sonoma County Employees Credit Union on the 19th January 1950. The first branch was opened in Santa Rosa, California. It was renamed to Redwood Credit Union in 1982. Up to date, it has more than 220,000 members and total assets that worth $2 billions. Redwood Credit Union’s signature loans feature a loan amount of up to $50,000. The interest rate can be fixed or flexible. Borrowers have the option of choosing from three loan terms including 36, 60 and 84 months. The APR interest rate varies depending on the loan term and credit score. Redwood signature loans can be used for consolidating debts, paying for hospital fees and buying second-hand cars. They can accept borrowers with a credit score under 600. Those with a credit score higher than 720 gets the lowest interest rate.

3. Golden 1 Credit Union

Golden 1 Credit Union was founded in the capital state of California in 1933. Today, it has more than 800,000 members, a total asset that worth about $10 billion and 80 branches in California. Golden 1 Credit Union offers personal loans that allows borrowers to borrow up to $50,000. It has flexible loan repayment term. The loan term is based on how much loan you apply for. The APR interest for the personal loan starts from 7.79% – 13.79%. The minimum loan amount that you can borrow is $500. Most of the time, they will release the funds in 1 – 2 business days after approval.