Riverview Credit Union has always been committed to our members and local communities and we continue to provide support during these uncertain times.
We are here to help.
- 0% Interest Rate
- 90 Days Single Payment
- Local Decisions
- Friendly Service
RCU Relief Loan Details
- Max. Loan Amount: 1.5x verified monthly income or $1,500
- Maturity: 90 days if single payment; 12 months for fully-amortizing loans
- Loan Limits: One short-term loan per borrower at any given time with no more than 3 loans in a rolling 6-month period
- Interest Rate: 0% provided the member is not in default; default interest rate of 18% will be assessed.
- No Roll-Over: No roll-overs any short-term loan shall be permitted; however, this prohibition does not apply to an extension of the loan term within the maximum loan term
- Minimum Length of Membership: 6 months
- Share Draft: Member must have a share draft account
- Loan Fees: No fee Aggregate Dollar Limit: Total outstanding balance in short-term loans shall not exceed $750,000