What Do you know about HELOC?
What does HELOC stand for?
Home Equity Line of Credit
What is the current loan special?
Get 2% off your qualifying rate & 60 days of no payments on Auto Loans
What is our Routing Number?
265274749
Where did the CU start?
Columbia Southern
or PPG
Give me one example of what you can use a HELOC for?
Home Improvements
What is the loan term on a HELOC
What is the late fee on a signature loan?
$20
How much does financial counseling cost for our members?
FREE
We can teach you about budgeting, managing, and improving your credit score, eliminating debt, saving, and creating realistic and attainable financial goals.
Who owns SWLACU?
The members do. Just by opening and maintaining a share savings account, you become a part-owner of the credit union. Credit unions are not-for-profit, so money earned goes back into the membership somehow!
Give me one example of what you can use a HELOC for?
Debt Consolidation
What is the draw(withdrawal) period on a HELOC
5 years after that it is strictly making payments and no withdrawals allowed.
What is the Flash Cash application fee?
$20 non refundable
How many scholarships do we give out each year and what is the amount of them?
four $1,000 scholarships
two recent high school grads
2 current college students
What is our vision statement?
Vision: Eliminating Poverty In Our Communities
Give me one example of what you can use a HELOC for?
Emergency Expense
Is the member required to draw out all of the available credit when the loan is made?
No, for example member can withdrawal only 50k from the 150K HELOC.
What is the max amount for Flash Cash loans?
$1000
What amount does the homebuyer need to save for the Hand Up to Homeownership Grant? And what amount do we give for the grant?
It is 5:1 for a total of $6000 to use as a down payment.
Homebuyer: $1000
Grant amount: $5000
What is out Mission Statement?
Mission: Financial Empowerment for ALL
Give me one example of what you can use a HELOC for?
Education Costs
What is a HELOC
A revolving line of credit secured by your home.
What is the late payment amount on a Visa Credit Card?
$25
What is the max amount a business member can get through our Greaux Your Biz Grant?
max of $5,000
What is CDFI?
Community Development Financial Institution (CDFI), SWLACU focuses on providing financial education and fostering community partnerships that address the education, housing, and transportation needs of our communities and our members.
Give me one example of what you can use a HELOC for?
Vacations