Our pick-me-up loan is intended to help members that have been financially impacted by the COVID-19 crisis. The loan is $500 with a 5% fixed APR* and your first 3 months of payments are deferred. We want to help members continue to pay utilities, get groceries (including toilet paper), or just provide a little extra cushion. We can process these loans quickly, usually same day. There are no origination fees or prepayment penalties with the pick-me-up loan.
This loan has limited funding and we want to use it to help members that are struggling and could use a pick-me-up. So, if you are furloughed, laid off, unemployed or hours have been reduced – you can still qualify.
- You must be a TransWest Credit Union member for at least 6 months.
- You must be current on any loans you have with TransWest Credit Union (deferments are ok).
- If you have a ‘Christmas Loan’ the balance must be below $250.
What if I am still employed but need a Pick-Me-Up Loan for assistance?
Call us at (801)487-1692 to talk about your options. You may qualify for more funds and terms better suited to your needs.
*APR - Annual Percentage Rate