Suitland, MD (PRWEB) October 02, 2013
Andrews Federal Credit Union will provide financial assistance to members who are impacted by the government shutdown. The Credit Union said it will offer members a Bridge Loan up to $5,000 at 0% APR* for 90 days. After the 90 days, the standard APR will apply. Flexible terms up to a year and payment options will be available to manage the loss of income.
Andrews Federal also has a number of alternatives available including personal signature loans, secured loans, restructured loans and home equity loans. The Credit Union is also offering free financial tools on its website (http://www.andrewsfcu.org) to assist with money management.
“Andrews Federal stands ready to provide our members with financial assistance and options to help curb the adverse effects that the government shutdown may cause,” said Jim Hayes, Andrews Federal President and CEO.
*APR = Annual Percentage Rate. 0% introductory rate is a promotional rate for the first 90 days on new Andrews Federal Bridge Loans for qualified members with approved credit. After the introductory period, the rate will revert to the standard APR in effect at the time. Your actual rate will be based on your loan amount, term and credit history. Sample payment: $2,500 at 8.99% APR for 12 months = monthly payment of $218.46.
About Andrews Federal Credit Union
Andrews Federal Credit Union was founded in 1948 to serve the needs of military and civilian personnel by providing a vast array of financial products and services. With over $900 million in assets, Andrews Federal has grown to serve more than 100,000 members in the District of Columbia, Joint Base Andrews (MD), Joint Base McGuire-Dix-Lakehurst (NJ), and military installations in central Germany, Belgium, and the Netherlands. In addition, the Credit Union serves as a financial partner with many select employee groups in Maryland, the District of Columbia, and New Jersey.
To learn more about Andrews Federal Credit Union and its community involvement, please visit our website.