Emergency Relief Assistance Loan Program
Here are the options we have available for our Members to Apply for:
Emergency Relief Loan:
Existing members may apply for a $500 to $5,000 personal loan. 5% interest rate and no processing fees. The loan amount is equal to up to one month of net income. Repay in 12 or 24 months depending on the amount borrowed.
The first payment is due after 90 days on any consumer loan, including Emergency Relief Loan.
*This excludes Home Equity Lines of Credit, Mortgage Loans, and Credit Cards.
Alternate Payment Plan:
We are offering up to 3 months of alternative payment in the amount of 30% to 50% of the member's regular payment amount with no processing fee.
Home Equity Line of Credit Alternate Payment Plan:
We are offering up to 3 months of alternative payment in the amount of 50% of the member's regular payment amount with no processing fee.
Up to 6 months of Payment Forbearance with no late fees.
Emergency Skip-a-Payment Extension:
We are offering a Skip-a-Payment extension for all consumer loan payments. The Skip-a-Payment deferral program is for up to 3 months with no fee.
COVID-19 Relief Grant
The Covid-19 Relief Grant provides credit unions with an opportunity to help their members mitigate the financial impact of the COVID-19 pandemic.
Each COVID-19 Relief Grant recipient will receive up to $10,000 to distribute to their members to offset the costs of groceries, utilities, or rent.
A credit union matching contribution is strongly encouraged so the spirit of the grant aides more credit union members and creates a greater impact
on communities throughout Ohio.
For more information click here
We Make it Easy to Apply:
Call us Monday through Friday between 8:30 am and 5:00 pm, Thursday 8:30 am to 6:00 pm and Saturday 8:30 am to 12:00 pm at 419-334-4434.
A Financial Service Representative will walk you through the loan process.
Other Disaster Loan Assistance Programs
Click here to see the SBA Economic Injury Disaster Loan Program
To review all of our COVID-19 updates, including other ways we can help you, click here.
*APR=Annual Percentage Rate. The advertised rate of 5.00% APR for 24 months is based on special Emergency Relief Loan for those that have been impacted by the coronavirus situation. Loan payment example: $43.87 per month for each $1,000 borrowed at 5.00% APR for 24 months. The applicant must be an existing Fremont Federal Credit Union. For more details please contact us at (419) 334-4434.Go to main navigation