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Pick-Me-Up Loan

 

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. 

The Requirements: 

- 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