Travis Credit Union has financial relief assistance for members who are financially impacted by the coronavirus (COVID-19), including the Disaster Relief Loan Program.
What is the Disaster Relief Loan Program?
This program allows Travis Credit Union members to borrow up to $10,000. The actual loan amount and length of term will depend on the applicant's credit history.
What is the purpose of this loan?
Travis cares about the financial wellbeing of its members, especially during these uncertain times, and we want to assist members who are struggling to meet essential expenses due to financial hardship. Examples of essentials include rent or mortgage payments, food, utilities, gas, childcare, etc.
Additional information about the loan
- You must be a TCU member.
- Those who were not employed or on unemployment prior to the shelter-in-place will not be eligible for this loan.
- The term of the loan depends on the amount borrowed, 60 months is the maximum term.
- The loan payments may be deferred for the first two months and then amortized over the remaining term.
- Limit one loan per household.
- A member's deposit accounts and/or loans with TCU must be in good standing.
How do I apply for the Disaster Relief Loan Program?
Due to a high volume of calls, members are encouraged to apply using our online form. Click the button below, then select "Personal Loan" on the form and use promo code: DRLF. Please include a reason for the request (e.g. loss of job).
APR (Annual Percentage Rate) is 5.00% as of 03/16/20. Minimum loan amount is $250 and maximum loan amount is $10,000. Maximum term is 60 months. Actual term based on amount financed. For example, at 5.00% APR for 60 months would be $18.88 per $1,000.00 borrowed. Not eligible for the Skip-A-Pay Program. Conditions apply. Terms subject to change without notice. All loans subject to approval.
60 days deferred payments: Finance charges will continue to accrue from the date the loan is funded. Deferral of payments will increase finance charges over the life of the loan, and may increase the number of payments required to pay off the loan.