Credit Unions Throughout Illinois Offer Assistance Through New Loan Products
Tuesday, Mar 31, 2020
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During the COVID-19 national health crisis, credit unions are banding together to help consumers weather the storm. Credit unions are increasing measures to prevent the spread of COVID-19 by adjusting lobby hours, or shifting to a drive-thru only service with special appointment accommodations as necessary. Additionally, many credit unions are taking steps to offer new loan products to bridge the gap for consumers during these challenging financial times.
Keeping members financial wellness in mind, several credit unions are offering payroll advances, 0% personal loans, or deferred payments. The following is a small sampling of credit unions offering new loan products designed specifically to help members during this crisis:
· Credit Union 1
· First Financial Credit Union
· Heartland Credit Union
· Northern Illinois Federal Credit Union
· Ottawa Hiway Credit Union
· Rockford Bell Credit Union
Members of Illinois credit unions should consult with the credit union directly to learn about all of the products and services designed to help members during these uncertain times. Rest assured that even in these trying times, your credit union remains a trusted partner in ensuring your financial well-being. To ensure the security of your funds, all state and federally chartered credit unions maintain deposit insurance covering at least $250,000 per depositor, per account category - even in uncertain economic times. Visit ASmarterChoice.org for more information on the credit union difference and to find a credit union near you.