ENGINEERS FEDERAL CREDIT UNION WILL BE OPEN NORMAL
HOURS DURING THE FURLOUGH.
ARE OFFERING FURLOUGH LOANS TO ANY MEMBER AFFECTED BY THE FURLOUGH.
FURLOUGHED MEMBERS MAY BORROW UP TO $6000.00 at
6%. This loan is an unsecured signature loan, similar to a credit card which normally charges at least 13%.
There will be no required payment on the loan
until 12-31-13. At that time, the interest can be paid and renewed for an additional 90 days ( if the furlough continues)
,the loan can be paid off, or set up on installments up to 36 months- depending on the amount you borrow.
Any current furlough loan granted in August through
October will now be extended through 12-31-13.
EFCU reminds everyone
that we can offer secured loans on collateral at lower interest rates depending on the collateral. We can also refinance
an existing loan from another financial institution.
Please contact Cheryl
Epperson to discuss your particular financial needs and we will work together to reach the best possible solution for you
and your famil, regardless if you are furloughed.
Proof of furlough and proof
of income is required on all loans.
to $2000.00 12 months- 26 bi-weekly payments
Up to $3000.00 to $4000.00 24
months- 52 bi-weekly payments
Up to $5000.00 to $6000.00 36 months-78 bi-weekly