Emergency Relief Loan


For members who have been directly impacted by a loss of income caused by the coronavirus.
  • 0% interest for for 90 days*
  • No payments for the first 90 days*
  • Quick Access to Funds
  • 24 month term
  • No prepayment penalties

These are unprecedented times. ISU Credit Union wants to provide members relief. We've heard your questions, listened to your needs, and took the time to put together a loan program to ease your financial burdens. We're offering a no-interest, no-hassle Emergency Relief Loan for members who have been directly impacted by a loss of income caused by the coronavirus. This includes, but is not limited to, layoffs, unemployment, or a hardship due to the care of an immediate family member. Loan will be paid back with Federal stimulus money.

Apply Now (Click on Emergency Relief Loan in Drop Down Menu)

*APR = Annual Percentage Rate. Rates and terms available on new loans only. Emergency Relief Loan only available to members that have not already received their Federal Stimulus deposit. No payment for 90 days. 0% APR for 90 days and after that interest will begin to accrue at 3.99% APR for a max term of 24 months. Member may borrow up to 90% of what they are expecting to receive from the fed in stimulus money. Expected amount will be determined utilizing member provided 1040 form from either 2018 or 2019 tax filing, and guidance from IRS.gov. Loan amounts may vary. Loan is expected to be paid back with with Federal Stimulus money. Must be 18 years of age or older to qualify. You are ineligible for an Emergency Relief Loan if you can be claimed as a dependent on someone else’s return. For example, this would include a child, student or older dependent who can be claimed on a parent’s return. All applications are subject to approval. Certain terms and conditions apply. One loan per household. Term subject to change without notice. Effective April 08, 2020. Certain membership qualifications may apply.