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Yolo FCU Mobile

Finance

Free - On the App Store

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Yolo FCU Mobile

Finance

Free - On the App Store

What Is It?

0% Interest-Free Furlough Loan

Does the government shut down leave you in a tight spot? During a budget impasse period, Yolo Federal is offering an interest-free (0%) loan to Federal employees who are members and receive, or sign up for, a direct deposit or payroll deduction at Yolo Federal. The loan will be paid-in-full when the budget is resolved, and the member’s direct deposit or payroll deduction is received. No monthly payments are due until their payroll resumes.

 

Why Yolo Federal

We're here for you

  • 0% Interest Rate
  • No Payments Due Until Payroll Resumes

FAQs

  • What is the credit limit?

    The loan limit is not to exceed the amount received as direct deposit or payroll deduction for each pay period affected, or cannot exceed policy maximum based on credit tier.

  • What are the payments like?

    No monthly payments are due until payroll resumes. The loan will be paid-in-full when the budget is resolved, and the member’s direct deposit or payroll deduction is received.

    If for any reason this loan is not paid in full, the Signature Loan will revert to an APR of 17.9%. Payment on the 17.9% rate for a term of 32 months at $2,000 equals $78. Rates subject to change.

  • What else do I need to know?

    Rates subject to change. Members must be a Federal personnel to be eligible for discounted rate. Members must be in good standing with direct deposit/payroll deduction with Yolo Federal. Credit qualifications apply to new members and existing member with no previous loan history or direct deposit with Yolo Federal. Some restrictions may apply.

Don't see the answer to your question?

  • Disclosures

    *The discounted rate of 0% will be in effect until payroll resumes. If the loan is not paid in full once payroll resumes, the APR will revert to the standard rate of 17.90%. Payment on the 17.9% rate for a term of 32 months at $2,000 equals $78. Rates subject to change. Members must be a Federal personnel to be eligible for discounted rate. Members must be in good standing with direct deposit/payroll deduction with Yolo Federal. Credit qualifications apply to new members and existing member with no previous loan history or direct deposit with Yolo Federal. Some restrictions may apply.

Interest-Free Loan for Federal Employees

Does the federal government shutdown have you in a tight spot? We're here for you. We are offering an interest-free (0%) loan to Federal employees who are members and receive, or sign up for, a direct deposit or payroll deduction at Yolo Federal.

Learn More