PORTSMOUTH, N.H. (August 30, 2011) – In the aftermath of Irene, Service Credit Union is here to help with its Disaster Relief Assistance Loan for those facing hardship due to the damage caused this weekend by Tropical Storm Irene.
“It’s our goal to help those in our community by offering a low-cost loan to help people quickly get back on their feet,” says Gordon Simmons, President/CEO of Service Credit Union. “Dealing with the hurricane or tropical storm damage is bad enough. Worrying about how to pay for it just adds to their stress levels. Service Credit Union is endeavoring to alleviate that stress.”
Costly repair bills and insurance deductibles can be an unwelcome surprise at any time, but they have become an even bigger challenge now, considering the general state of the economy. The Disaster Relief Assistance Loan features a 5.49% APR, 60-month maximum term, up to $40,000 and no payment for 90 days to assist members with hurricane/tropical storm damage.
Approval is based on overall credit worthiness of each applicant. Individual must be a member of Service Credit Union or eligible for membership to apply. The loan also requires proof of loss, i.e. photograph of damage, professional third party assessment/bid, insurance claim, etc.
Service Credit Union is a full service financial institution, offering a wide range of financial products to its members. With 37 branch locations including two staffed 24/7 contact centers, and full online banking services, Service Credit Union serves anyone who lives or works in New Hampshire (excluding Coos CPublish Postounty), 4 towns in Cape Cod, MA., and all branches of the U.S. Military and Department of Defense employees and their families. With over $1.9 billion in assets, Service Credit Union has 20 branches in New Hampshire, one in Massachusetts, and 16 branches on U.S. military bases in Germany.
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