Storm Damage Relief Loan Option

SouthPoint’s Storm Damage Relief Program offers financial assistance and flexibility to all SouthPoint members who have been negatively impacted by flooding and storm damage.

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Eligibility

Any new or existing SouthPoint Financial member affected by storm damage or financially impacted by a recent natural disaster.

Flexible Terms for New Loans

Unsecured loans available from $500 – $5,000
Low fixed-rate at 3.00% APR*
Repayment term up to 5 years
Minimal credit qualifications
Can defer payment up to 2 months

Payment Extensions Available on Existing Loans

We will defer any existing loan(s) currently financed with SouthPoint Financial for up to 2-months.

No Withdrawal Penalties on Certificates

We will waive any early withdrawal penalties for members who need to cash out an existing Certificate at SouthPoint Financial Credit Union.

Disclosures

*APR = Annual Percentage Rate. The monthly payment per $1,000 borrowed for 36 months at 3.00% APR is $29.09. Certain restrictions may apply and the Storm Damage Relief Program is subject to change. Contact a SPFCU Employee for complete details. **By participating in SPFCU’s Skip-A-Payment program, you request that SPFCU defer your loan payments as indicated. You agree and understand that: 1.) Finance charges will continue to accrue at the rate provided in your original loan agreement, during and after this time; 2.) deferring your payment will result in your having to pay higher total finance charges than if you made your payment as originally scheduled; 3.) the payment deferral will extend the terms of your loan(s) and you will have to make extra payment(s) after your loan(s) would otherwise be paid off; and 4.) you will be required to resume your payments the following month; Loan payment deferral excludes all real estate, credit cards, ready reserve, and commercial loans. Credit Life & Disability Insurance, GAP, or Warranty Coverage associated with this loan will not be extended, and will expire based on the original term. All other terms and conditions of the loan will continue to apply. All deferrals are subject to SPFCU approval. Your loan(s) must be current (have no amount past due) to accept this offer. Federally Insured by NCUA. Equal Housing Lender.

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