Do Your Finances Have You Gasping For Air?
U$X Federal Credit Union is offering a NEW consumer-friendly service that provides an alternative to payday lending. U$X Federal Credit Union has a strong commitment to helping members manage their financial needs without resorting to high-cost products such as payday lending.
Better Choice Loan Program Guidelines:
- Minimum age of 18.
- Must be a member for 90 days (3 months).
- Need no credit score for approval.
- Must be a member in good standing.
- One Better Choice Loan at a time.
- $20.00 applications fee – may be financed.
- 18% annual percentage rate.
- $500.00 maximum loan payout in cash.
- $50.00 deposit to savings (on hold until loan is paid in full).
- Maximum 90 day loan term (repayment is the same as your payroll schedule – 3 monthly, 7 bi-weekly, 6 semi-monthly or 13 weekly payments).
- Loan repayment – must be automated – must have an established Payroll Deduction or Direct Deposit. First payment due date must coincide with payroll deposit date.
- A minimum of 3 hours of Balance Financial Counseling before a second Better Choice Loan may be disbursed.
Let U$X Federal Credit Union help you realize yor financial goals. To learn more about the Better Choice Loan Program, visit your local branch office or call 1-888-219-3159.