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$50 Million in Loan Originations

Feb 01, 2024

Pioneer Military Credit Surpasses $50 Million in Loan Originations in Support of Underserved Military Customers.

Pioneer Military Credit LLC, a leading online provider of personal installment loans for members of the U.S. Armed Forces continues to grow and expand – while helping meet the financial needs of military families. With loan originations now exceeding $50 million, the company services all ranks and branches of active-duty military, including those who might be considered credit-challenged and are often underserved by the large military financial institutions.

Pioneer has a long history of supporting the financial needs of military families. The company offers an innovative online borrowing experience that provides access to fixed-rate personal installment loans originated by its partner Lead Bank. Pioneer team members understand the unique challenges of military life, with the goal of helping service members obtain the credit, respect, and customer service they deserve.

“We’re pleased to be a trusted, reliable, and recognized leader in the niche military lending space,” said Randy Freese, Chief Growth Officer for Pioneer Military Credit. “Achieving this $50 million loan origination milestone validates what Pioneer and our partner Lead Bank are doing, and how we are doing it – while also highlighting the continued need and demand for viable lending options in the underserved military market.”

With Pioneer, military customers enjoy a fast and easy online application process and there are no existing account relationship requirements to apply. All products offered through Pioneer Military Credit are fully compliant with the Military Lending Act (MLA) and Servicemembers Civil Relief Act (SCRA) meaning no hidden fees, prepayment penalties, or mandatory repayment methods, among other things. Moreover, the company offers a unique no-questions-asked 15-Day Return Guarantee, requires credit checks, provides credit bureau reporting to help individuals build their credit history, and adheres to a Responsible Lending Commitment for all military customers. Customers get the security, privacy, and protection of a highly regulated organization and a partnership with a well-known and established FDIC-regulated community bank.

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