Responding to the Coronavirus (COVID-19) Outbreak

In response to the rapidly evolving events surrounding COVID-19 (also called novel coronavirus), we would like to assure you that Your Local Bank - Premier Source Federal Credit Union (PSFCU) is taking precautionary measures to ensure our Members and Staff are protected while we continue in assisting Members with their financial needs.  More Information

Online, Mobile Banking and the 24hr Hotline Telephone Banking System are available 365/24/7. 

Pandemic Assistance Loan

The Pandemic Assistance  Loan is designed to help Members as well as Non-Members who have been negatively impacted by the ongoing COVID-19 pandemic and meet specific qualifications.

Pandemic Assistance Loan Rate 5.99% APR**

To be eligible for a Pandemic Assistance Loan:

  • Membership eligibility for Non-Members
  • Member MUST be in good standing*
  • Have the capacity to repay the loan as well as have a direct deposit set up within 60 days.

 

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  • The first payment is automatically deferred for two cycles, which means that it is not due for at least 60 days after the loan is booked.
  • One Loan Per Member.
  • Another loan will not be granted until the Pandemic Assistance loan is repaid in full.

 

Contact Us Today To Apply!

 

*To be eligible for loan approval, the applicant must be a member in good standing with a minimum share balance of $25. Loan advances, refinances, or rewrites will not normally be considered for any member who is currently delinquent or has a history of delinquency with the Credit Union. **APR = Annual Percentage Rate. Rate effective April 24, 2020. Minimum loan of $500 and a maximum loan of $3,000 for current members and $1,500 for new members. Minimum and maximum term of 12 months. 12 monthly payments of $87.00 per $1,000 borrowed. First payment is due 60 days from the loan note date. Must show proof of hardship, proof of income and proof of employment or business closure. Membership eligibility required.