Advantage Plus Member Assistance Program

In response to the covid-19 outbreak, ACT 1st Federal Credit Union is now offering the following “Advantage Plus Member Assistance Program” to those who have been affected:

 

Special Commercial Loan Program

Amount: Up to $5,000.00
Term: Up to 60 Months
Rate: 4.25% APR*

Forbearance of payments for current commercial borrowers. Please call for more information.

*APR as of 03/19/20 and subject to change. At 4.25% APR for 60 months, the approximate monthly payment is $18.56 per $1,000.00 borrowed. Restrictions and requirements apply. This estimated payment is calculated under the assumption that credit life and disability insurance are not elected.

 

“We Care” Spring Skip
1. $15.00 to skip (1) month
2. $30.00 to skip (2) months

Member may choose to skip 1 or 2 months of loan payments for March, April or May. Unfortunately, this offer does not apply to Member Business Loans, Mortgage Loans, Home Equity Loans or ACT 1st FCU VISA Credit Cards. The fee to skip will not be applied to the principal or interest and interest will continue to accrue during the skip period.

 

“We Care” Loan Program
1. Maximum Amount: $1,000.00
2. Term: Up to 24 months
3. Rate: 1.99% APR* (no risk based spread will apply; personal loan limits will not apply)
4. 1st Payment Date: 60 Day no pay

*APR as of 03/16/20 and subject to change. At 1.99% APR for 24 months, the approximate monthly payment is $42.54 per $1,000.00 borrowed. Restrictions and requirements apply. This estimated payment is calculated under the assumption that credit life and disability insurance are not elected.

See "Alerts" page under "Notices" tab for the ACT 1st Federal Credit Union coronavirus update.