The Oklahoma Employees Credit Union is offering financial help to state workers who have been affected by recent furloughs. Beginning February 1, OECU members can now take advantage of 0% Furlough Assistance Loans.
A 90 day loan of $500 at 0%APR is available for members who have existing OECU checking accounts with direct deposit. For members who have just joined OECU with checking and direct deposit, the interest is still a low 4.99 % APR.
Besides loans, OECU is also offering low-interest lines of credit. With an OECU checking account and direct deposit, interest is 9.99% APR. Without an OECU checking account and direct deposit, interest is 15.5% APR.
"We have been collaborating with the credit union for the past several months," said OPEA Director of Communications Mark Beutler. "In the fall we worked with OECU to provide new members $100 if they opened a new account. Now, in light of the furlough situation , we commend OECU for offering this assistance."
In addition, OECU is offering budgeting seminars with helpful tips to help prepare for less income.
For additional information about a 0% Furlough Assistance Loan, phone OECU at 405.606.OECU or visit www.OECU.org
Posted on
Friday, January 22, 2010
by Mark Beutler