Issue link: https://viewer.e-digitaledition.com/i/1327633
42 | WINTER 2021 LINE OF CREDIT With many of the same functions as a credit card, a line of credit features a pre-approved, open-end revolving loan available with a variable interest rate. Payment amounts are based on a five- year payoff and are calculated from the date of the last advance. PERSONAL LOAN This is a loan established for a pre- determined period of time with specific loan payments. The rate is fixed for the term of the loan and maximum term is 72 months.** SHARE-SECURED LOAN Obtain a loan at an attractive rate using the funds in your Savings Account (excluding your IRA) as collateral. SHARE CERTIFIC ATE LOAN Use the money in your Share Certificate (excluding your IRA) as security. The We're here to assist you on your journey toward financial freedom. Financial education has always been one of our staples, but our Financial Wellness program allows us to help our members in so many new ways, including: • The Navigator* Our new web portal will serve as your online, interactive guide to help improve your personal financial knowledge and direct your financial path. • Wellness Check-Up Enjoy the opportunity to meet with a Financial Wellness Coach/Advocate to help you maintain momentum and rise above credit issues. • Credit Monitoring We've teamed with SavvyMoney® to offer this free service to keep your finances on your planned path. Personal Loans* Financial Wellness rate is fixed for the term of the loan. The maximum term cannot exceed the certificate's maturity date. CONSOLIDATION LOAN This assists in consolidating external debts into one loan for a set term with specific loan payments. STUDENT LENDING Navigating the in-school and out-of-school lending journey can be confusing and costly. If you're looking for private lending options, we may have just what you need. • In-School Lending Option An Education Line of Credit helps you manage tuition, books, board — all the expenses of secondary or private school, college and trade school. • Out-of-School Lending Option Refinance and Consolidation options help you combine your existing private and federal student loans after graduation into one manageable loan payment. *All loans subject to credit approval. **Example: 72 monthly payments of $18.53 per $1,000 borrowed. Loan • Educational Seminars These complimentary events provide the information you need to make the difference between a good plan and a great plan. To learn more, stop by a branch near you, visit us online at FinancialWellness. AACreditUnion.org or call us at (833) FIN WELL (833-346-9355). *Powered by Enrich SavvyMoney is a trademark of SavvyMoney, Inc. WELLNESS CHECK-UP FLAGSHIP FINANCIAL GROUP THE NAVIGATOR CREDIT MONITORING EMERGENCY FUND EDUCATIONAL SEMINARS For more information, visit AACreditUnion.org/ student-lending.