Lend-A Hand Loans

An unsecured signature loan designed to allow members with low to moderate incomes to make purchases of essential good and services.  Member may qualify with little or no credit history, poor credit history, short time employment, seasonal employment and lack of income verification.  An end result is to provide basic lending services to low-income members and stem their use of pawnshops, rent-to-own stores, and payday lenders.  Results:  56 loans at $41,000.  Brochures are provided in English and Spanish.

Fresh-Start Auto Loan

This product is designed to allow low-income members the ability to purchase essential transportation.  Vehicles financed may have high mileage, be reconditioned or have visible body damage.  The end result is to provide low-income members the ability to counter the abusive financing practices of the alternative lenders.  Results:  36 loans at $224,000. Brochures are provided in English and Spanish.

Contact:

Ronald Barrett
Senior Vice President, Consumer Lending
Phone  (210)637-4181
Fax    (210)637-4175
E-Mail rbarrett@rbfcu.org