Bay Federal Credit Union has announced an Emergency Loan program available to members with an immediate need to fund storm recovery efforts.
The program offers members who have been personally affected by the storm, emergency loans of up to $2,500 for individuals and up to $5,000 for businesses. These short-term loans are available with reduced interest rates and no minimum credit score or income verification required.
“We want to help make sure our members have the funds necessary to support clean up and the repairing of homes and businesses,” said Bay Federal President and CEO Carrie Birkhofer.
To be eligible for a Bay Federal Emergency Loan, borrowers must be established members with Bay Federal Credit Union. Information and applications for Emergency Loans can be found online, in branch, or over the phone by calling Bay Federal’s Member Service Center at 831.479.6000, option 3. Information is available on the Credit Union’s website at www.bayfed.com.