Disaster Relief Loan

posted on Wednesday, August 26, 2020 in Personal Banking

disaster relief

Community 1st Credit Union is here to assist if you’ve been affected by the derecho storm that hit Iowa on 08/10/2020.  If you’re temporarily out of work or have experienced significant damage to your property, contact your local C1st branch to discuss possible financial options available to you.  Whether it’s a short term loan or working with you on current loan obligations, we want to assist you in anyway we can.

As a reminder, please make sure to contact your local insurance agent to file a claim on your damaged property as soon as possible.  When reporting your claim, have your policy number handy and be prepared to provide your contact information so your adjuster can reach you throughout the claim process.

Disaster Relief Loan

Disaster Relief Loan amounts are available up to $3,500 with terms up to 24 months for a rate as low as 3.99%APR*.

*To qualify, C1st member must reside or be employed in one of the Iowa counties declared a disaster due to the severe storm that occurred on 8/10/2020.   Annual Percentage Rate (APR) is subject to change.  Terms and qualifications apply.  Limited time offer.  All loans are subject to credit approval.  Ask a lender for further details.  Must be a C1st member for at least 30 days to apply.  Payment Example:  For a loan of $3,500 with a term of 24 months, at an Annual Percentage Rate of 3.99%, the monthly principal and interest payment amount would be $151.98.


Disaster Assistance Programs

Residents in counties proclaimed a disaster are eligible for the State of Iowa individual assistance grant program to aid in recovery efforts.  In addition, the State of Iowa offers Disaster Grant Assistance for low income families, and the 2-1-1 Iowa hotline is currently connecting affected Iowans with critical services. 

More information is available at this link: dhs.iowa.gov/disaster-assistance-programs


FLEX Home Equity Line of Credit

Our new Home Equity Line of Credit - the FLEX HELOC, offers a great rate with the customization you need - along with two opportunities to lock in fixed rates.  It's an excellent option for home improvement, debt consolidation, or financing larger purchases.  Get the funds you need, when you need them.