1. First one hundred (100) loan applicants to borrow $10,000 to the maximum of $20,000 in new money will qualify for this promotion.
2. This promotion offers the applicant an excellent opportunity to satisfy debt that carries a much higher interest rate as well as a much higher payment.
3. The loan interest rate would be reduced by two (2) percent. Ten (10) percent loans would be reduced to eight (8) percent saving the applicant approximately $1180 in finance charges over five (5) years. Eight (8) percent loans would be reduced to six (6) percent, saving the applicant approximately $1150 in finance charges over five (5) years.
4. The beacon score of the loan applicant must be 650 or better.
5. The debt to income ratio of the applicant must be forty (40) percent or less. Applicants with a debt to income ratio of thirty (30) percent or less would qualify for the lowest possible rate.

CORECU DOES NOT ask for account numbers, passwords or Social Security Numbers through e-mail. If you have received e-mails asking for your personal info, please delete them immediately.

 

The City of Raleigh Employees' Credit Union is just one of many fringe benefits provided to City employees and their spouses.

Founded in 1956, the Credit Union provides employees with a simple, easy way to save or borrow money at a better interest rate than would be available at most banks and other commercial institutions.

Loans for Credit Union members are made possible because of member deposits. All money deposited into the Credit Union is the property of the members of the Credit Union.

Although the City sanctions the existence of the Credit Union and provides space for its operation, the Credit Union is a separate entity with its own charter and bylaws.

The Credit Union is a state-chartered financial institution governed by the General Statutes of the State of North Carolina.