Our hearts go out to all the communities affected by the recent catastrophic flooding in mid-Michigan.
We know that many DCECU members were affected by the flooding in a variety of ways. And in this difficult moment, we are – as always – committed to responding to the financial needs of our members. We’re here to help you in any way we can.
For those impacted by the flooding, we have a dedicated team waiting for your call at 800.835.7794 ext. 4688 to help you explore a range of financial assistance options. These include Skip-A-Pay options on consumer loans, mortgage loan deferments, credit card limit increases and more. Let us help you. Call today.
For those whose needs are more sizeable, we’ve introduced a pair of Flood Relief Loan options. Details on these new Personal Loans can be found below.
If your home was damaged by the recent flooding and you’re facing flood-related expenses not covered by insurance, we’re here to assist in your recovery efforts by offering no-interest and low-interest Flood Relief Loans1 2 for a limited time.
Flood Relief Loan eligibility is limited to existing DCECU members, with at least six months of membership, whose homes sustained damage during the May 2020 flooding.
We ask that Flood Relief Loan applicants provide documentation of the flood damage sustained. This most likely would be either an estimation from your insurance company of the current repairs needed, a FEMA report of flood damage or an insurance report of flood damage.
We are allowing up to two Flood Relief Loans per household – one loan at each rate – with a maximum total of $50,000 per household.1
Example: If you need $50,000 in relief funds, you could obtain two loans: The first $10,000 at 0.00% APR and the remaining $40,000 at 2.99% APR, for a total of $50,000.
Contact DCECU for details. ↩
Flood Relief Loan funds are to be used for flood-related cleanup, repair or temporary shelter expenses not covered by insurance.
Here are a couple of payment examples:
You can apply for a Flood Relief Loan – which is considered a Personal Loan – by clicking the “Apply Now” button below and selecting to apply for a Personal Loan. Be sure to select “Emergency” as your primary reason for applying. Alternatively, you may call us at 800.835.7794 ext. 4688 and tell the representative you’d like to apply for a Flood Relief Loan, and we’ll help you apply by phone.