Emergency Personal Loans & FAQs


For existing UWCU members who have been financially impacted by the COVID-19 outbreak, we are offering a low-rate personal loan to help with budgeting concerns. Loan funds can be used for purposes such as to supplement income loss, pay bills and cover expenses related to COVID-19.

  • Loan amounts up to $2,500 (conditions apply)
  • Same interest rate no matter credit score
  • No application fee, monthly service fees or prepayment penalties
  • No payments and no interest for the first 90 days.

Should you need a longer repayment period, then:

  • Fixed rate of 1.90% APR1 for 36 months

It says, “Loan amounts up to $2,500.” Will everyone be approved for the full amount?

What does the statement, “Same interest rate no matter credit score” mean?

What can you do to help people that don’t qualify for this loan?

Is it normal to make a loan to someone who no longer has a job?

I’ve been behind on my payments since I lost my job several month ago. Will I be approved for the emergency loan?

I hope to be back to work as soon as possible, but what if I can’t repay the loan in full in 90 days?

If I can’t pay the loan back in 90 days, on the 91st day do I have to pay the interest charges you waived during the initial period?

Some people face ongoing financial challenges for reasons other than COVID-19 events. Why not just give the money to anyone who requests it?

Is it prudent for the credit union to make these loans?

My neighbor is a restaurant worker and just lost his job due to the COVID-19 outbreak. He is not a member of UW Credit Union; can he still get the Emergency Personal Loan?


How to Apply

To apply, please call 800-533-6773, option 1 during regular business hours. Or, fill out our personal loan application and select 'COVID-19 Assistance' as the purpose of your loan. In the comments section, please include details about why you are applying and how you will use the loan funds.


Learn more about what we’re doing to support your health and finances during COVID-19.

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