We understand the recent government shutdown is creating financial uncertainty for many in our community. To help, we have relief options available for both members and non-members:
QuickCash Loans
QuickCash** is a short-term loan designed to give you fast, affordable relief when you need it most – without the stress of payday lending.
- Apply online 24/7 and get funds within 24 hours of approval.*
- Borrow up to $800 with 3 months to repay.**
- Skip the credit check-no report review required.***
- Save big on interest and fees compared to payday loans.
- 0% APR Loans
A special financing program is available to help eligible new and existing members manage through their diminished or total loss of income.
- This loan features a 0% annual percentage rate (APR) for the first six months. Any balances not paid in full at the end of the six-month intro period will convert to a personal loan with the member’s choice of terms up to 60 months, with a credit score-based rate.
- Members may borrow up to 100% of their combined last two full month’s base pay (up to $10,000). Certain credit and underwriting guidelines apply, including providing a required paystub OR total monthly liabilities reporting on their current credit report if paystub is not available (ex: income derived from tips).
- This loan is open to all. You do not need to be a current Northern Credit Union member to apply for this loan, however, you will need to become a member to receive the loan.
- To get started simply complete an online loan application here.
- 90-day Loan Deferment
Members with existing Northern Credit Union loans may apply for a 90-day, complimentary (no cost to members) payment deferment on most loans, including Home Equity Loans. Members may also utilize up to three deferments based on furlough duration. The following revolving credit lines are excluded from the deferment program:
- Overdraft Lines of Credit
- Home Equity Lines of Credit
- Smart Choice Loans
Members can utilize up to three deferments. If you’re interested, please contact our Credit Solutions Team to receive and complete a Financial Relief Form. For questions or more information, you may reach them at 315.779.3120 or by email.
- 90-day Mortgage Forbearance
- Members will be able to get a forbearance up to 90 days on Owner’s Choice mortgages.
- If you have a mortgage payable to someone other than Owner’s Choice Funding you’ll need to contact them for mortgage forbearance.
- No late mortgage payments will be reported to the credit bureaus until further notice.
- Delinquent Loans
Members in a 30-60 day delinquency status can complete our Financial Relief Form to determine hardship qualifications. These considerations are case-by-case through member request. Options may not apply to all loan types.- Loan Modification- includes placing accrued interest and late fees at the end of the loan to bring the loan current. (excluding lines of credit, credit cards and smart choice loans)
- Re-Age Plans- payment reduction to 70% of current monthly payment for 90 days. Will bring loan current at the end of the term. (excluding lines of credit, credit cards and Smart Choice loans)
- Deferments- payment deferral up to 90-day in monthly increments based on furlough duration. (excluding lines of credit, credit cards and Smart Choice loans)
- Foreclosures and/or repossessions will be reviewed for temporary suspension consideration based on hardship approval for the next 60 days for qualifying circumstances.
- Waiving of late payment fees or refunding late payment
- If you’re interested in a review and/or financial hardship options, please contact our Credit Solutions Team at 315.779.3120 or by email for a consultation.
- Financial Coaching
Northern Credit Union has many financial education resources available including, news articles, videos, worksheets, interactive budgeting programs, and financial calculators with our partners at Banzai and Balance.
As a reminder, you can always quickly access your money and manage your accounts from home or on-the-go 24/7:
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- Check your balance, transfer money between accounts, and more with Mobile, Online, Text2Talk, or iTalk Telephone Teller.
- Deposit checks in a snap from your phone with Mobile Deposit.
- Pay bills in seconds with Bill Pay from the comfort of your home.
- Access 24/7, drive-thru and outdoor walk-up ATMs at Northern locations and throughout the country at our shared network of ATMs. Use our locator to find the ones closest to you.
- Learn more about our banking on-the-go options, and watch the how-to videos on our website or give us a call and we’ll get you setup and banking on-the-go in no time.
People helping people is not just a slogan. It is something we believe in, something we live, every day.
Any or all of these elements are available to members and non-members, so please share these with your family and friends. Additionally, we encourage everyone to contact any other creditors directly for more detailed information about relief programs and terms they may have available.
We stand ready now to assist those who may be experiencing financial difficulty due to the government shutdown through a range of measures. We remain committed to serving our communities, please reach out if you need help navigating your finances – we’re here for you:
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- Chat with via the blue bubble on the bottom right of our website.
- Submit the Contact Us form on our website.
- Call or text us at 315.782.0155.
¹Carrier rates and fees may apply.
*To become a member of Northern Credit Union a $5 membership fee will apply. **Member may only take one QuickCash loan out at a time. Must be 18 years or older. Loan amount is subject to eligibility restrictions. ***All loans are subject to underwriting and ability to repay loan determinations.