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121 Financial Credit Union offering 8% holiday loans

To help get through “Black Friday” and the rest of the expense of the holiday season, 121 Financial Credit Union is offering a short-term 8% APR fixed rate Holiday loan for those who qualify.

The loans are for $500 to $2,500, higher amounts are available but at higher unsecured loan rate. It has a 12-month term, designed so that the payments would not be too large and so it can be paid off before the next holiday season. There are no restrictions as to what the money can be used for.

“Budgets are tight at the end of the year, but people still need cash to get them through the holidays,” said 121 Financial Credit Union CEO William Braddock. “That’s why we are offering a loan that would help members with holiday expenses, but not put an undue burden on them by having to pay it back so quickly. Plus the loan is offered at a rate lower than most credit cards.”

The Holiday loan is available until Jan. 31, 2012. Additional information about the loan and other financial services is available on the website at 121fcu.org.


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