Press

Unity Catholic Federal Credit Union takes a cue from Pope Francis to help the needy

PARMA, OH (January 21, 2014) — Unity Catholic Federal Credit Union is following the lead of Pope Francis with a special loan promotion that will create a ripple effect throughout the community.

“We heard that Pope Francis will auction off a motorcycle that was given to him and use the money to help the poor.  That inspired us to find a way to do something similar in our communities,” said Tamlyn Schervish, CEO of Unity Catholic Federal Credit Union.

News outlets around the world announced last week that Pope Francis would seek bids on the unique 1,585cc Harley-Davidson Dyna Super Glide. Harley Davidson presented the motorcycle to the pope last year in celebration of their 110th anniversary. The bike is embellished with a signature on the tank that reads “Francesco.” Proceeds from the auction will go toward the renovation of a hostel and soup kitchen in Rome operated by the Catholic charity Caritas Roma.

As a tie-in to the Holy Father’s gesture,  Unity Catholic Federal Credit Union will offer a limited time promotion on motorcycle loans with rates starting at just 3.74% APR for up to 72 months. The credit union will then make a donation for the loans signed to feed the hungry in the Greater Cleveland area.

“With each motorcycle loan we do, we’re following our own mission of helping members save money with this low rate,”declared Schervish.  “And we’re giving back to those in need with $100 per loan for area food banks.”

The donations will be sent to the community in which the member who gets the loan lives, to ensure that all funds stay with local organizations.

 

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