Get a Fresh Start
Start Your Journey
0% Interest Loans up to $1500 that Create Financial Well-being
1. Learn how to use your Impact Loan benefit:
2. Review the FAQs before starting:
3. Review Loan Application Instructions:
Download Printable Instructions:
What can you do when the unexpected hits?
When the unexpected happens, it can be difficult to pay for your basic needs. Payday loans, credit cards, and other high-interest debt are often used as a short-term solution for your financial problems, however, they come with extremely high interest rates and fees, ultimately making them a long-term burden that makes the problem worse, rather than better.
WEOKIE offers impact loans for our community at 0% interest with flexible repayment plans that help build an emergency savings account. This helps households recover from financial hardship without getting trapped in another debt spiral from high-interest lenders.
Who Is Eligible?
You must currently be a Full-Time or Part-Time employee of WEOKIE FCU
You have to be consistently employed for at least 90 days prior to applying
You must be 18 years of age or older
Get a fresh start!
How It Works
1. Apply for an Impact Loan
The loan can be applied for online and funds can be distributed directly to your bank account to meet your needs and get you back up and running!
2. Cover your expenses.
The first step in being financially free is to have money to cover your bills and expenses and avoid the high interest and fees associated with consumer debt.
3. Build savings!
What can you do when the unexpected occurs?
When the unexpected happens, it can be difficult to pay for your basic needs. Payday loans, credit cards, and other high-interest debt are often used as a short-term solution for your financial problems, however, they come with extremely high interest rates and fees, ultimately making them a long-term burden that makes the problem worse, rather than better.
WEOKIE FCU offers Impact Loans for our employees at 0% interest with flexible repayment plans that help build an emergency savings account. These loans are made through our partner, The Community Impact Fund (CIF). This helps households recover from financial hardship without getting trapped in another debt spiral from high-interest lenders.
What Does Financial Well-being Look Like?
Control over your day-to-day and monthly finances
Financial well-being means that you have full control over your finances. You have a plan and know what your money is going to do day-to-day and month-to-month. You are in control of your money and not the other way around.
Financial freedom to make the choices that make you happy
Financial well-being is having the ability to make the choices in life that make you happy so that you can fully enjoy life and not be a slave to your money.
Ability to cover emergency expenses
Financial well-being means that you can cover unplanned emergency expenses without using high-interest debt. With the impact loan you can borrow at 0% interest, and when you pay it back, we help you save for a rainy day!
On track to meet your financial goals
Financial well-being is being on track to meet your financial goals, whether that be to purchase a new car, a home for your family, fund your kids’ college education, or to save for your own retirement.