As the economic impact of the COVID-19 pandemic continues to deepen and widen, MMFCU wants you to know what relief measures you have available if you have been affected by job loss, sickness, or any other hardship associated with COVID-19. In addition to offering members skip payments, fee waivers, and individual work-out plans regarding current loans, MMFCU is offering a COVID-19 Assistance Loan*.
The COVID-19 Assistance Loan is meant to financially assist those who are either awaiting the stimulus check, or those who may not qualify to receive the stimulus check. This loan is a great option with 0% APR and no payments for the first 60 days. After 60 days, the loan reverts to 2.99% APR** for a 12 month term (cost per thousand $84.70). Give us a call at 800.940.9466, send us an email, or complete our online application today.
*Maximum borrowed amount is $2,000 per household. Proof of hardship is required.
**APR=Annual Percentage Rate. 0% for the first 60 days; 12 month term from the date of the first payment.