121 Financial Credit Union Offering Short-Term 8% Back-To-School Loans

Contact: Cindy Breslin   
Agency: Les Loggins

          Jacksonville, Fla.; August 11, 2011 – To help customers handle the expenses of getting their children ready for school this year, 121 Financial Credit Union is offering a short-term 8% APR fixed rate Back-to-School loan for those who qualify.

            The loans are for $500 – $2,500, higher amounts are available but at higher unsecured loan rate. It has a 12-month term, designed so that the payments would not be too large and so it can be paid off prior to the next school year. There are no restrictions as to what the money can be used for.

            “With this economy, it is tough for families to handle expenses like school,” said 121 Financial Credit Union CEO William Braddock. “That’s why we wanted to design a loan that would help members get what they need for school, but not put an undue burden on them by having to pay it back quickly, or by having it drag on past the next school year.”

            The Back-to-School loan is available to customers until September 15, 2011.

            For those interested in a Back-to-School loan, managers at each of 121 Financial Credit Union branches are available for one-to-one consultations. Or additional information about the Back-to-School loan and other financial services is available on the website at

            121 Financial Credit Union, formerly Florida Telco, offers full banking and loan services to any individual and small business located throughout Northeast Florida. Established in 1935, 121 Financial Credit Union has over 36,000 members.

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