TBA Credit Union (TBACU) is pleased to offer a 0% income supplement loan for qualified members
TRAVERSE CITY, MI (March 26, 2020) — For borrowers that have experienced a temporary loss of income due to COVID-19 closure or related activity, members can apply for an income replacement loan (with 1st payment deferred for up to 3 months) equal to 3 months of lost wages, capped at $5,000 per month or $15,000 in aggregate per borrower. Rates are as low as zero percent up to 1.99% based on qualifications.
TBACU’s Chief Lending Officer, Chris Milliron says, “As a local credit union, we are committed to help provide solutions for our community members affected by the COVID-19 pandemic. I am hopeful by offering income support loans as well as skip-payments during these tough times, we can have a positive impact for our members in need!” While lobbies are currently closed, TBA Credit Union offers many ways for members to access their accounts. As always, members have access to their accounts by ATM, online banking and the TBACU Mobile App. Service Center Representatives are also available by phone and text at 231-946-7090 from 8 am-6 pm, Monday-Friday. Additionally, the branch Drive-Thru’s are available for use by members from 9am-5pm, Monday-Friday.
About TBA Credit Union
Non-deposit investment products and services are offered through CUSO Financial Services, L.P. (”CFS”), a registered broker-dealer (Member FINRA/SIPC) and SEC Registered Investment Advisor. Products offered through CFS: are not NCUA/NCUSIF or otherwise federally insured, are not guarantees or obligations of the credit union, and may involve investment risk, including possible loss of principal. Investment Representatives are registered through CFS. TBA Credit Union has contracted with CFS to
make non-deposit investment products and services available to credit union members.
For more information about TBA Credit Union, visit tbacu.com or call 231.946.7090.