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” 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.

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/

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