Member Relief Loan
Financially affected by the COVID-19 outbreak?
We understand that many of our valued members have been affected by the economic impact of the coronavirus. As your Credit Union, American Heritage is here to help. We are ready to offer financial assistance to our members who need additional assistance with their finances in order to stay afloat during this time.
If you are affected by the crisis and need financial assistance, we encourage you to contact us at 215.969.0777. We have several financial assistance programs for Eligible Members.
- We are offering a personal loan that can be used to help manage rent, utilities, groceries or childcare payments
- The member relief loan has deferred payments for the first two statement cycles, followed by an 18-month repayment schedule
- Loans are available up to $5,000, and rates may range from 6.99% APR* to 12.00% APR* depending upon employment and credit history
- Existing members and employees of current Workplace Partners are eligible to apply.
During these challenging times, American Heritage is ready to assist our members who have been impacted. Our members are our family, and during this period, we are ready to assist you and encourage your affected co-workers to contact us as well.
How to Get Started:
*Annual Percentage Rate (APR) rates for this product are determined by an evaluation of applicant credit. Sample Monthly Repayment: $155.00 for every $5,000 borrowed at 6.99% APR for 36 months plus two months deferred payment. Rates effective as of 3/27/20 and are subject to change. Your payment may vary. Approval is subject to creditworthiness and other factors and requires active direct deposit to American Heritage account. Existing American Heritage Credit Union members and employees of current Workplace Partner Program are eligible to apply. All rates and promotions are subject to change without notice.