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EFFCU Is Happy To Announce Our Managed Risk Program!

We are pleased to announce that our Credit Union will start a Managed Risk Program in January 2009 to help as many members as possible obtain credit. We realize that some of our members have experienced some difficulty with their credit in the past and as a result, we or other lenders may have rejected their loan request forcing these members to pay extraordinarily high rates elsewhere. Our goal is to help as many members as possible under our Managed Risk Program achieve their credit needs. The way our program works is that the rate a member pays will be determined by their credit history. Members with good credit histories will receive our very best rates, some of the best rates offered by any lender.

Other members, who may have had past credit problems, will be assigned rates consistent with their credit history. It is our goal that these rates will almost always be lower than they may be currently paying elsewhere.

These new rates will currently be offered on all vehicle loans and start as low as 4.99% on new vehicles up to 60 months. The credit union also offers 100% financing on vehicles loans with approved credit. We also will offer signature loans starting as low as 10.00%.

We encourage all our members to call us regarding our Managed Risk Program. We want to help you obtain credit and save money. If you are paying another lender call them and see what rate you are currently being charged then call us and see if we can save you money. As an added bonus the Credit Union will reward members with a % rate deduction for those who elect to pay their payments by payroll deduction, ACH transfer or pre-authorized transfer from their share accounts.

Remember We Want To Help!

The Credit Union's current rates for Vehicle loans start as low as 4.99% effective September 30, 2008. Signature loans start as low as 12%. The rate you pay will be based on the number of years your loan is financed plus your credit history. Rates are set by the Board of Directors and are subject to change.


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