To Help The Community Recover From Tropical Storm Damage, 121 Financial Credit Union Is Offering 8% Emergency Repair Loans
Jacksonville, Fla.; July 9, 2012 – With North Florida experiencing unusual storm activity this summer resulting in considerable property damage, 121 Financial Credit Union is offering a special short-term 8% APR fixed rate Emergency Repair Loan for those who qualify.
The loans are for $500 – $2,500, but higher amounts are available 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 before next summer. There are no restrictions as to what the money can be used for.
“This has been a particularly rough summer so far with two tropical storms hitting Jacksonville and causing unusual storm damage to our community,” explained 121 Financial Credit Union CEO William Braddock. We wanted to do our part as a financial institution to help make additional cash available to people so they can make home repairs or even improvements,” explained 121 Financial Credit Union CEO William Braddock. “With our Emergency Repair Loan, we’re able to offer customers access to cash at a lower rate than what they would spend using a traditional credit card.
The Emergency Repair Loan is available to customers until October 30, 2012. Customers can apply for the loans at any of the 121 Financial branches. Additional information about the loan and other financial services is available on the website at 121fcu.org.
121 Financial Credit Union offers full banking and loan services to any individual and small businesses located throughout Northeast Florida. Established in 1935, 121 Financial Credit Union has over 36,000 members. Deposits are federally insured by NCUA. For more information, visit www.121fcu.org.