Emergency Financial Assistance Options

We’re here for you today and every day to help during tough financial times. We are offering emergency assistance options for affected members.

 

Existing Loan Skip a Payment Program*
Members who have existing loans with the credit union are eligible to skip their loan payment. Normal fee will be waived.

Credit Card Skip a Payment Program*
Members who have a Visa credit card with the credit union are eligible to skip their payment.

Equity Loan Payment Deferment Options**
We are offering up to 90 days of payment deferment on Fixed Home Equity loans, including our Fast Track Home Equity loan. A signed modification agreement is required.

Emergency Personal Loan***
Borrow up to $3,000 at 3.00% APR for up to 12 months and your first payment will not be due for up to 90 days.

Mortgage Help Loan****
A Mortgage Help Loan is a Personal Loan to help you pay up to three months of mortgage payments on your Dutch Point Credit Union mortgage. The interest rate will be set at 0% for the first 90 days, and you will not have to make a payment during this time period. Certain conditions and restrictions may apply and additional information will be required.

Late Fee Waivers
Contact us to discuss your financial situation and we will explore your options, including the potential to waive loan payment late fees.

Personalized Financial Counseling
Our Account Specialists can provide you with customized financial solutions to help you through these difficult times. We also offer a free personalized credit review program to ensure your finances stay on track in the coming months.

Contact us online to get started, or give us a call at 800-842-1778 to learn more.

 

* Maximum three skipped payments per loan/credit card; only one monthly payment will be skipped at a time per each skip request. Loans not eligible for our no fee Skip a Payment program include all real estate secured loans, Freedom Line of Credit loans and Overdraft Protection loans. Interest will continue to accrue on the loan principal balance during the skip a pay time period. 

** A written request must be submitted including the requested number of payments to skip. Proof of layoff/reduction of hours will be required. Interest will continue to accrue on the loan principal balance during the payment deferment time period.

*** APR: Annual Percentage Rate. An Emergency Loan is a Personal Loan for up to $3,000 at a fixed rate of 3.00% APR for up to 12 months. Proof of income prior to COVID-19 may be required along with proof of layoff/reduction of hours. No payment due for up to the first 90 days, however interest accrues during this time. Applicant must be an existing Dutch Point Credit Union member for at least 90 days prior to the application. An Emergency Loan of $3,000 with a 1-year term at 3.00% APR results in 12 monthly payments of approximately $84.70 per $1,000 borrowed. Other conditions and restrictions may apply. Not all members will qualify for this loan.

**** APR: Annual Percentage Rate. A Mortgage Help Loan is a Personal Loan for up to $10,000 at a fixed rate of 1.99% APR for up to 12 months, or a fixed rate of 2.99% APR for up to 24 months. Interest rate will be set to 0.00% APR for the first 90 days then adjusted as applicable. Proof of layoff/reduction of hours will be required. No payment due for the first 90 days. Loan available to borrowers who have a First Mortgage Loan with Dutch Point Credit Union and proceeds are only available to make payments to that First Mortgage Loan. Loan proceeds will be held in the Primary Savings account and will be transferred directly to the mortgage by the credit union as a regular monthly payment. A Mortgage Help Loan of $10,000 with a 1-year term at 1.99% APR results in 12 monthly payments of approximately $84.24 per $1,000 borrowed. A Mortgage Help Loan of $10,000 with a 2-year term at 2.99% APR results in 24 monthly payments of approximately $42.98 per $1,000 borrowed. Other conditions and restrictions may apply. Not all members will qualify for this loan.

All COVID-19 member programs and special rates may be withdrawn at any time without prior notice.

Service, Convenience, Value

At Dutch Point, it's all about you. We empower you to make financial decisions that are right for you. We pledge to help you meet and exceed your financial goals through all the stages of your life.