Disaster Assistance Loan
POSTED IN ARTICLES ON WEDNESDAY, AUGUST 12, 2020
Disaster assistance loans are available.
Effective immediately, Veridian Credit Union will begin offering a Disaster Assistance Loan for those members who have experienced damage or displacement as a result of the recent storm.
Disaster Assistance Loan amounts are available up to $5,000 with terms up to 36 months for a rate as low as 6.75% APR* with Loyalty Program*, from now through Sept. 30, 2020.
"Storm damage has caused significant, unexpected expenses for many in our community," said Joe Lichty, Veridian’s manager of consumer lending. "The Disaster Assistance Loan is designed to offer a low-interest resource to those who might otherwise turn to high-interest credit cards to make necessary repairs."
*APR = annual percentage rate. Rate effective 8/11/20. Includes automatic payment discount of 0.50% APR as well as Loyalty Program discount of 0.25% APR when enrolled in eDocs and while maintaining direct deposit of net income to Veridian or, if unavailable, a minimum of 10 qualifying checking account transactions per month. Borrowers will lose discounts if they fail to meet qualifications during loan term. All loans subject to approval. Terms and conditions subject to change and may vary based on qualifications including creditworthiness, debt ratio and all lending guidelines. See Veridian for details.