Canvas Credit Union Extends Helping Hand
We’re here to help.
Canvas is offering a Helping Hand in two important ways:
Fee-Free Delayed Payments
If someone is feeling like their loan payment won’t be possible during this time due to COVID-19, Canvas will offer up two months of fee-free payment deferrals on existing closed-ended loans, excluding mortgages. Interest will continue to accrue. If you believe this may be helpful for a member, please direct them to visit a local branch or call the Member Solutions (Loss Mitigations) team at x2361.
Helping Hand Loan
Also available is the Helping Hand loan. This signature loan, commonly referred to as a personal loan, is for those who are not receiving their normal paychecks due to loss of hours, layoffs, or business closures caused by COVID-19.
Here are the details:
· Option of no payments for 90-days
· 3.99% APR (annual percentage rate)
· 36-month maximum term
· Verification of income, credit worthiness, or additional information may be required.
For those who feel Canvas can help, we would be honored to offer a Helping Hand. To apply, please direct members to visit a local branch or call the Member Success team at x2363.
We are here to serve our members and Colorado communities.
If either or both of these Helping Hands will make this tough time easier, please direct members to visit a local branch, or call our Communication Center family at 303-691-2345, or visit Canvas.org/COVID-19 to apply online and to receive regular updates from Canvas, including FAQs