Relief Line of Credit

If you’ve been furloughed due to the government shutdown, Northwest is here to assist with a Relief Line of Credit to help you cover expenses. This special line of credit is available for up to $10,000 at introductory 0.00% APR* for 90 days. After 90 days, it will convert to 8.99% APR* for the remainder of the 24-month term.

Here’s what you’ll need to secure a Relief Line of Credit:

· Be a current Northwest member with a Northwest Federal checking account;

· Provide a copy of your most recent paystubs and furlough paperwork;

· Set up monthly loan payments via preauthorized transfer from your Northwest checking account.

· Non-members can apply for a Relief Line of Credit after they have established Northwest membership and satisfied the above stated preauthorized transfer requirements prior to closing.

Please contact our Consumer Lending Department for further assistance.

To apply:

· Apply online

· Contact our Member Service Center: 703-709-8900 x7703

APR = Annual Percentage Rate. Relief Line of Credit available only to current Northwest members with valid proof of furlough; members must also be a Northwest checking account holder. Loan subject to credit approval and underwriting. Rate is introductory 0% APR for 90 days. After 90 days, the interest rate will convert to 8.99% APR for the remainder of the term and the credit limit will be reduced to zero. Monthly loan payments must be made via preauthorized transfer from the Northwest checking account. This offer is for a limited time only and is subject to change without notice.