We understand that the recent LAUSD worker strike may have impacted your finances, and we want to offer our support during this time. If you’re in need of financial flexibility to offset the reduction on your check, we have solutions that may be able to help. As a credit union founded by LAUSD in 1939, we remain committed to helping the membership through challenging times.
The LAUSD Worker Strike Loan is designed specifically to provide financial relief to those impacted by the strike. We’ve lessened our underwriting restrictions to make it easier for as many members as possible to qualify and receive the funds they need.
What you can get:
- 0% APR, that’s right – no finance charges!
- Loan amount will vary from $300 – $1,000
- 12 month repayment term
To qualify, you must be:
- A current Schools FCU member with direct deposit or payroll deduction
- A UTLA or SEIU Local 99 member
- Provide most paystub to verify membership and employment
- No bankruptcy within the past 6 months
Terms and Conditions: Not all applicants will qualify. Monthly payment is $8.33 for every $100 borrowed. For a loan amount of $1,000, the monthly payment will be $83.33. Automatic payment from an SFCU account with direct deposit or payroll deduction is required.
We understand that the recent strike may have impacted your finances, and we want to offer our support during this time. That’s why we’re excited to offer a Skip-A-Pay option for members who may need some relief.
With Skip-A-Pay, you can defer your monthly payment on loans affected by the strike without incurring any processing fees. Please note that interest will continue to accrue during the deferral period, which may extend the term of your loan and increase the total interest paid.
We know that every situation is unique, so we encourage you to reach out to us directly to discuss your individual needs which may allow us to offer additional assistance. Please feel free to call us at (866) 459-2345, Option 3.