Stephen,
Welcome to the HAM community!! For a cost effective first radio, I recommend buying the mighty BaoFeng UV-5R for $25 from amazon.
It is not as simple to use as some of the more expensive units, but for the money it cannot be beat. I have several 2m transceivers, high end mobiles included but I still have and use several of these chinese radios because they are extremely effective and durable.
I know this does not answer your question, but I do not have details on a radio for loan from the club station, hopefully somebody else can chime in there.
73
Jordan
K6YVJ