Waterloo, Iowa: Veridian Credit Union has set aside $3 million to offer Storm and Flood Loans to those who have suffered property damage or hardship due to recent storms. Storm and Flood Loan amounts are made up to $5,000 for a term up to 36 months. The loan has a rate of 7.0% APR with automatic transfer.
"A Storm and Flood Loan offers a lower-interest option to those who need to borrow for the unexpected expenses that result from storm damage," said Doug Gilbertson, Veridian's Senior Vice President of Operations. "It's an alternative solution for people who might otherwise charge the expenses on higher-interest credit cards."
Individuals may apply for a Storm and Flood Loan through September 30, 2013, or until $3 million is loaned out, whichever occurs first. More details and applications are available in any Veridian branch, over the phone at (800) 235-3228 or online at www.veridiancu.org.
About Veridian Credit Union
Veridian Credit Union, founded in 1934 in Waterloo, Iowa, is a not-for-profit financial cooperative owned by its members. The credit union offers a full range of consumer financial services and employs more than 560 Iowans throughout 26 branches. For more information, visit www.veridiancu.org or call (800) 235-3228.