If you’ve suffered a financial hardship due to the coronavirus pandemic, Northwest Federal is here to help with your concerns.

We are offering a Relief line of credit to help you cover expenses. This special line of credit is available for up to $10,000 at an introductory 0% APR* for 90 days. After 90 days, it will convert to 7.00% APR* for the 24-month term.

Here’s what you’ll need to secure a Relief line of credit:

  • Be a current Northwest Federal member; 
  • Provide loan officer with a copy of your last two paystubs and proof of the coronavirus financial impact;
  • Set up loan payments via preauthorized transfer.

To apply:

  • Apply online
  • Contact our Member Service Center: 703-709-8900 (844-709-8900 toll-free).

     

Relief Line of Credit Agreement & Disclosure

APR= Annual Percentage Rate. Relief line of credit available only to NWFCU members with valid proof of the coronavirus financial impact. Relief line of credit amount is determined based on monthly net income as shown on paystub (line of credit amount will not exceed one month net income or $10,000, whichever is less). Rate is introductory 0% APR for 90 days. After 90 days, the interest rate will convert to 7.00% APR for the 24-month repayment term. After 90 days, the credit limit will be reduced to zero. Loan payments must be made via preauthorized transfer. This offer is for a limited time only and is subject to change without notice.