|City of Boston Credit Union Announces Home Heating Loan - With a Twist
The Board of Directors of City of Boston Credit Union announces a new Home Heating Assistance Loan. To help defray their high heating bill costs this winter members can borrow up to $1,500 from now through April 30, 2006.
The twist - once approved the loan funds will be deposited into a Special Share Account for the member, which will earn an Annual Percentage Yield of 5.99%, equal to the Annual Percentage Rate of 5.99% on the loan. This is a non-deposit account and the loan must be repaid within 1 year of the loan closing date. Members will need to supply a home heating bill at the time of application. There is a limit of one loan per household and verification of income is required.
With the projection of another extremely cold winter CBCU is excited to make this Home Heating Assistance Loan available to members. For more information call 617-635-4545 or visit www.cityofbostoncu.com