NOTICE

IN RESPONSE TO THE COVID-19 PANDEMIC THE CREDIT UNION CONTINUES TO WORK WITH MEMBERS VIA PHONE, FAX AND E-MAIL.  MEMBERS ARE UNABLE TO ENTER THE CREDIT UNION BRANCH UNTIL FURTHER NOTICE.

BORROWERS WHO HAVE SUFFERED A SUBSTATIAL DROP IN INCOME AS A DIRECT RESULT OF THE COVID-19 PANDEMIC MAY BE ELEGIBLE FOR A 90-DAY LOAN PAYMENT FORBEARANCE.  CLICK HERE TO LEARN MORE.

San Joaquin Power Employees Credit Union

PG&E credit union since 1934

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24 Month Signature loans at 5.95% APR for ALL Approved Borrowers

Every approved borrower will get a low 5.95% APR signature loan rate for up to a 24 month term.

 

San Joaquin Power Employees Credit Union, striving to be the lender and savings institution of choice for all Pacific Gas and Electric Company employees and retirees since 1934. Call and join today.

 

Click this attachment to see a list of our loan rates: https://sjpecu.org/loan-policy

Toll Free# 800-637-5993

 

“Dedicated to serving ONLY employees and retirees of PG&E since 1934!”

SJPECU, WHERE EVERY APPROVED BORROWER GETS THE ADVERTISED INTEREST RATE, REGARDLESS OF YOUR CREDIT SCORE

Since its inception in 1934, San Joaquin Power Employees Credit Union has believed in treating every member the same, which is why every approved borrower receives the same advertised loan rates regardless of their credit score. And we don’t stop there.  San Joaquin Power Employees Credit Union always pays the highest possible dividend to every member.  We paid 1.90% APR and 2.15% APR for 2017 and 2018 respectively.  San Joaquin Power Employees Credit Union has always operated with the vision of being “the lender and savings institution of choice for all Pacific Gas and Electric Company employees and retirees.” Call and join today.

Click this attachment to see a list of our loan rates: https://sjpecu.org/loan-policy/

Toll Free# 800-637-5993

 “Dedicated to serving ONLY employees and retirees of PG&E since 1934!”

Borrowers Financially Impacted by COVID-19 May Qualify for a 90-Day Loan Payment Forbearance

Members that have been financially impacted by the ongoing COVID-19 Pandemic may qualify for a 90-Day Loan Payment Forbearance. This program is to assist our borrowers who have been most hurt financially by the pandemic. If qualified, a borrower will not be required to make a loan payment for 90 days from the current due date. A loan payment forbearance is not a loan forgiveness, and interest will accrue during the forbearance period. The maturity date of the loan will also be extended as a result.

A loan qualifies for forbearance if:

  1. The borrower(s) combined monthly gross income has decreased by 20% or more. (A reduction in overtime is not considered as SJPECU does not utilize overtime pay when approving loans.)
  2. The subject loan was current prior to the COVID-19 related loss of income.

To request a 90-day forbearance you will need to do the following:

  1. Call the credit union at 1-800-637-5993 or e-mail a credit union employee to request a forbearance.
  2. Provide paystubs for the entire month of February.
  3. Provide paystubs for the most current month if still employed.
  4. Provide a copy of a severance notice if a borrower lost employment.

 NOTE: Mortgage Loans with Impound Accounts: Borrower qualifying for a forbearance on their 1st mortgage who also have SJPECU impound for their taxes and/or insurance will need to make a lump sum payment equal to 3-months of impound payments as soon as possible to avoid non-payment of property tax and insurance.

If you have been impacted financially by the COVID-19 pandemic and are in need of loan payment forbearance contact the credit union at 1-800-637-5993.

“Dedicated to serving ONLY employees and retirees of PG&E since 1934!”