COVID-19 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:

Stimulus NOW Loan

Are you still waiting on your stimulus? ACT 1st Federal Credit Union understands that you need this money NOW. And so, for a limited time, we are offering a Stimulus NOW Loan. You can borrow the amount of money that you are waiting for the stimulus to provide – in exchange for an agreement to pay it back in full when you receive the money from the government. We will allow up to 9 months for reimbursement at a 0.00% APR*. If after 9 months you have not received your stimulus, and/or we have not received reimbursement, we will enforce a 1.99% APR* for 15 months thereafter. *Annual percentage rates and terms are accurate as of April 23, 2020 and subject to change without notice. Per $1,000.00 borrowed, the approximate monthly payment is $67.56 at 1.99% APR for 15 months. Please call today for specific financing terms.

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” 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.

Please visit our COVID-19 Information webpage to learn more about how we’re working to serve and protect you during the covid-19 outbreak: https://www.act1stfcu.org/covid-19-information/

Please DO NOT EVER share ACT 1st Federal Credit Union Online Banking login credentials with ANYONE - including a company or individual. Thank you!