Union Privilege FOR AFGE MEMBERS AFGE Loan Program

Why a union-sponsored loan program?








Unsecured Personal Loans






Special Features














Applying

From time to time union members-like working men and women everywhere-need to borrow money for things like their children's college education, home improvements and bill consolidation. Labor-sponsored credit unions provide a good source to turn to, but not all members have access to a credit union and many credit unions are unable to meet the full range of borrowing needs. The Union Privilege Loan Program was created to supplement the types of loans generally available from credit unions and banks. This can help members who otherwise might have to turn to finance companies charging exorbitant interest  rates.

•Loan amounts from $2,500 to $15,000 or more. When your needs exceed what your credit union can provide, the Union Privilege Personal Loan provides the affordable answer. And you do not need to use your home or other property as security.
•Affordable monthly payments. Longer repayment terms mean lower monthly payments. An interest rate that's hard to beat. The annual percentage rate (APR) on this loan is one of the lowest you will find on a personal loan.
•Skip Payment Option. If the need arises, you can skip your regular payment for a month, or even two months in any 12 month period, so long as your loan account is in good standing. (The payments you skip will extend the number of months required to repay the loan in full and interest will continue to accrue.)
•$30 annual cash bonus for automatic payments. You will be offered the option to make payments by automatic deduction from your checking account. For each 12 consecutive months in which all your payments are made automatically (in full and on time), you will receive a check for $30.
•21-Day Satisfaction guarantee. If you find a better loan, or change your mind for any reason, you can cancel your loan with no penalty or charges whatsoever if you return the money in 21 days of approval.
•No application Fees.
•No prepayment Penalties.

•Applying is easy and confidential. You can apply from the comfort and privacy of your home, without a lot of paperwork, without a trip to a loan office.

The bank grants the loans, and AFGE has no part in the credit-making decision.  However, if you request AFGE to appeal the bank's decision, you will receive assistance that only an AFGE member can get.