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Work Reduction Loan

If you need a loan due to being recently impacted by the COVID-19 virus, we can help.

San Mateo Credit Union is here to help with a low-rate fixed term loan to get you through this difficult and uncertain time. If you are facing some unpredictable challenges, our Work Reduction loan can provide you with some much-needed cash.
We believe in people helping people and finding solutions that will help our members.

Work Reduction Loan

  • 6.99%APR1 low fixed rate
  • 12-month term
  • Loan amounts equal to two weeks salary
  • Quick loan decision and quick access to cash

Apply online now, or call us at (650) 562-1220 or visit a branch location.

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1APR = Annual Percentage Rate. Rate effective March 13, 2020. Loan maximum is equal to the member's two week gross salary up to $5,000. Subject to credit, income and debt verification and qualification. Must have automatic debit as a payment method. Offer, rate and terms subject to change at any time without notice. SMCU is an Equal Opportunity Lender.
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Build your budget around a predictable loan to pay for major expenses.