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 Northwest member;

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

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

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 is available only to Northwest members with valid proof of furlough. 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. Relief Line of Credit limit cannot exceed a maximum exposure of $15,000 when combined with other existing Northwest Federal Credit Union Lines of Credit. To be eligible, the borrower cannot have an existing relief line of credit open or in active repayment. This offer is for a limited time only and is subject to change without notice.