CUTX offers furloughed employees special auto refinance program

Credit union helps individuals impacted by COVID-19.

ALLEN, TX (April 15, 2020) — With the impact of COVID-19 affecting many Credit Union of Texas’ members, the credit union is announcing a Furloughed Employee Auto Loan program to help members refinance high-interest car loans they may have. The offer does, however, exclude loans already financed at CUTX’s low loan rates.

It is fast and easy to apply by presenting your furloughed letter or information from your employer. CUTX is offering flexible loan terms with low-interest rates and a no payment option due for up to 120 days to eligible qualifying members*. The loans and rates are subject to the credit unions approval guidelines.

CUTX CEO Eric Pointer said, “Credit Union of Texas was founded with a commitment to support the communities that we serve in all types of economic environments. Unfortunately, the outbreak of COVID-19 has caused a financial burden on many people, and we have to find ways to help. The Furlough Employee Auto Loan is one of many solutions that we were able to create to help reduce stress on so many families that have been impacted.”

To learn more about this program click here or call 972.705.4840.

About Credit Union of Texas (CUTX)

For almost 100 years, Credit Union of Texas has provided financial services to members throughout North Texas. Living out its vision to deliver an unexpected experience, CUTX has grown to over $1.7 billion in assets. Membership is open to anyone who lives, works or worships, or is related to a member in Dallas, Denton, Collin, Rockwall or Upshur and its surrounding counties. In the last year, CUTX was recognized with the Communities Foundation of Texas “Be in Good Company” Seal of Excellence, voted the Best Credit Union in DFW by the readers of The Dallas Morning News and named the winner of the Torch Awards for Ethics, Better Business Bureau Serving North Central Texas. For more information about CUTX, visit


Owen Ramsey

Assistant Account Executive

Cooksey Communications

Office: 972-580-0662 x33

Cell: 614-214-6932 | @CookseyPR

More News