A consolidation loan can make your life simpler
If keeping track of when all your loans and credit cards have payments due is becoming a full time job, it may be time to consider consolidating all your debts.
Ironworkers USA FCU has options for you if you are looking to consolidate your debts and have just one payment each month. This is a good option for members who have balances on multiple high-interest rate credit cards or loans.
By taking out one lower-interest-rate loan to cover all these balances, you will save money, pay off your debt sooner, and reduce your stress by only having one payment to make each month.
If you think debt consolidation might be right for you, give us a call at 1-877-769-4766. We will work with you to find the right solution for your situation. It’s our goal to make your financial life the best it can be!
There are several loans available when you are considering consolidation:
- Signature Loan – No collateral is needed. You can borrow up to $7,500 using just your signature and your credit history. Rates as low as 9.99%*
- Line of Credit – It’s like a credit card, but with no card. Use as much or as little as you need and accrue interest on only the amount you’ve borrowed. Rates as low as 9.99%*
- Secured Loan – If you have collateral, such as a car or home, a Secured Loan can be used for consolidating your debt. Rates as low as 3.99%*
PTO Loans=Higher Credit Rating
Access to your PTO/Vacation fund & boost your credit score
If boosting your credit score or adding to your credit history is on your priority list for the new year, taking out a new PTO Loan might be perfect for you.
Many people, especially young adults, don’t have enough credit history to make them eligible for credit cards or loans – making a new car or home out of reach. Adding accounts to your credit history doesn’t mean you have open up a bunch of credit card accounts and charge a bunch of money on them. There are ways to establish a history without going into debt.
As you may know, you are eligible to access the money in your PTO/Vacation account just once every trimester (January 1 – April 30, May 1 – August 31 and September 1 – December 31);* however, Ironworkers USA FCU now offers a secured PTO Loan that allows you to “borrow” your funds whenever you need or want to.
With a PTO Loan, a payment is automatically paid at the end of the trimester, establishing an on-time payment history. As payment history comprises 35% of your credit score, the auto payment feature of the PTO Loan will help your score immensely.
For more information about your PTO Vacation account or to apply for a PTO Loan, give us a call at 1-877-769-4766 or stop by your local branch office.
(*Additional withdrawals allowed due to illness. To request a withdrawal due to illness, contact your local union office and complete the Sick Leave Payment Request Form.)
Old Fashioned Honesty and Integrity
Remembering our past in a new year.
The exceptional value we place on our members and the service we provide to them has been a constant throughout the Ironworkers USA Credit Union’s 57 year history. One of the pioneers of the credit union movement in the early 20th century, Roy Bergengren stated the importance of credit unions this way:
“Let us not fool ourselves. Credit unions are made of fine or average human character. We must every so often review our humble beginnings and rediscover what traits of human character made the present staffing growth of the credit unions possible. We must grow big, without growing “biggity.” We must constantly increase in size and potential power without ever losing sight of the individual borrower and his very personal problems. Having been entrusted with a few things, we must prove our worth to be master over many things.
Credit unions are not banks, they are institutions of the people which are finer than any banks because they are operating way down at the level of the people. They are banking democracy and our great responsibility is to prove constantly our ability to operate in large fields with the same old-fashioned honesty and simplicity which made credit unions so very exceptional in the beginning.”
– Roy Bergengren
Roy Bergengren’s words are as meaningful today as they are when he said them nearly a century ago. Honesty, integrity and service are values that every Ironworkers USA FCU board and staff member embody. Every day, we appreciate the trust you, our members, have in us, we look forward to being your financial partner for many, many more years!
