DuTrac Offers Flood Assistance 7/28/2010
FOR IMMEDIATE RELEASE
Contact:
Jason Norton
SVP Marketing/Business Development
DuTrac Community Credit Union
Phone: (563) 585.8580
Fax: (563) 556.5374
July 28, 2010
DuTrac Offers Flood Assistance
Dubuque, IA – In response to the devastating floods in our area, DuTrac Community Credit Union is offering a personal Water Damage Loan Program to members effective immediately through September 30. Details of this low-interest personal loan are as follows:
Interest rate: 7 percent APR*
Term: up to 36 months.
Loan amounts: Up to $10,000
Water Damage Loans are designed to help DuTrac members make necessary repairs to their homes or property due to water damage not covered by current homeowner insurance coverage. Loans will be made for the difference in the estimated cost to repair the damage and any eligible insurance settlement. Maximum loan amount for this difference is $10,000.
Members will need to bring in a copy of the repair estimate as well as a copy of the insurance settlement or copy of insurance policy stating they do not carry flood insurance coverage. Checks will be made directly to the repair company wherever possible.
Lower rate options may be available to those members who apply for a DuTrac home equity line of credit or for those members having an unused limit on their existing DuTrac Community Credit Union home equity line of credit. Members should discuss their specific financial options with one of DuTrac’s highly qualified financial services consultants by calling 800-475-1331 or by visiting any of DuTrac’s ten convenient office locations.
DuTrac Community Credit Union, headquartered in Dubuque, Iowa is a full-service community credit union owned by and serving 39 thousand members. DuTrac has $465 million in assets, serving 14 counties in the Tri-State region with ten office locations.
www.dutrac.org.
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