Flood Relief - New England Federal Credit Union

Supporting members in times of need

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Have you been impacted by the July 2024 flooding? We have a low, 4.99% APR loan for members whose primary home was damaged by the recent flooding. We’re also offering loan modifications for members who need assistance with existing loans.

Member Emergency Loan

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If your home has been damaged by the July 2024 flooding, you can apply for up to $3,000 in low-interest financing to help pay for repairs.

Table data for Member Emergency Loan
07-15-2024
Terms Up to	APR as low as	Alert Me
36 months	4.99%

APR = annual percentage rate, effective as of 07/12/2024 and reflects the current minimum APR offered. Must be a member for at least six months and in good standing. Photographs of the damage to your primary home structure caused by the July 2024 flooding must be provided. Certain credit qualifications apply. Payment examples: $3,000 loan for 36 months at 4.99% APR will have a monthly payment of $89.91.

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Home Equity Loans

If you need to take out a larger loan for more extensive flood repairs, we’re taking 0.50% off the rates on our five- and 10-year fixed-rate home equity loans, up to $50,000.

Submit your application today or give us a call and one of our home equity experts will be in touch.

Loan Modifications

Need help with an existing loan? We can defer an existing loan payment for two months to help you deal with unexpected expenses caused by the recent flooding.

For more information and to learn how you can get assistance, get in touch with us today.