0% Interest-Free Loans
EMPOWERING OUR EMPLOYEES TO EXPERIENCE FINANCIAL WELL-BEING
Interest-Free Loans
100% of the Impact Loan helps employees in financial need.
Zero Fees
An Impact Loan is a 0% interest-free charitable loan. It helps to bridge cash flow and pay emergency expenses without accruing extra fees or increasing high-interest debt.
Extended Payback Schedule
With an Impact Loan, repayment takes place over a 12 month schedule. It is set up to be automatically debited from the recipient’s bank account on the day of their choosing and does not incur interest.
Savings Incentive
Once loan recipients pay back their loan in full, they are eligible to earn their Savings Incentive bonus equal to 10% of their original loan. This is to help recipients build their own emergency savings fund. Click here for more info.
42% of American Households are Struggling Financially
- Have negative cash flow
- Struggle to pay basic needs
- Have little or no savings
- Pay 25% of their income servicing debt
- Pay late and overdraft fees monthly
- Are just trying to survive!
Calculate SAVINGS
How Much Can Be Saved With An Impact Loan?
Estimate what someone would pay for a loan with poor credit versus great credit and how much could be saved with these Impact Loans.
Get Free From Debt
Rivermark CU wants to empower our employees to flourish and experience financial well-being.
Living just above the poverty line is a cross-section of families and households who are struggling financially and are unable to meet basic needs. They must choose between paying rent or filling a needed , fixing the car or buying groceries. In fact, 67% of families across the nation are falling behind financially every month.
Though not labeled as living in “poverty” under the government definition, they are nonetheless struggling financially to survive. These families are not frivolous with their money. They are employed, and yet still struggle to meet their most basic needs, forcing them to make impossible choices – deciding between quality child care or paying the rent – filling a or fixing the car.
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As a solution, many people turn to Payday loans, credit cards and other high-interest debt with extremely high percentage rates and late fees, making a short-term problem a long-term burden.
They may be your neighbors, friends, family members or our fellow Rivermark CU team members. They make up almost a third of the households in America.
We have a solution. It’s called an Impact Loan.
An Impact Loan is a 0% interest-free charitable loan. It helps to bridge cash flow and pay emergency expenses without accruing extra fees or increasing high-interest debt. It is also not reported to the Credit Bureau.
This gives us an opportunity to meet the very real needs of our Rivermark CU family while also restoring dignity back to those receiving the funds.
Changing Lives One Family at a Time
What Our Impacted Employees Say
When my rent went up, we could no longer afford after-school child care. My husband and I both work and we were still struggling to make ends meet. This really helped when we needed it most.
The Community Impact Fund took so much stress and worry off my shoulders and helped me get my health back on track. Compared to other places that provide support and help, this one feels the most impactful. It is the most reliable and I’m glad there is an actual person behind the screen helping.