CUESNet Q&A: Citizenship loans and more
Guadalupe CU builds trust with the immigrant community by consistently demonstrating the organization’s desire to see them succeed.
Recently on CUESNet, a CUES member asked:
Is anyone currently offering citizenship loans to members who are in the process of becoming naturalized U.S. citizens and need financial assistance with the approximately $1,000 in fees? If so, would you be kind enough to share underwriting details, rates, fees, popularity, performance, etc.?
At $238 million Guadalupe Credit Union, Santa Fe, our community partners, Somos Un Pueblo Unido, the New Mexico Immigrant Law Center, and Santa Fe Dreamers Project refer people who might be interested in and benefit from taking a loan under our citizenship program.
Through this program, Guadalupe CU makes loans with an interest rate of 10% to help cover the costs associated with going through the naturalization process. Loans of up to $1,000 per applicant are available without regard to Guadalupe CU’s unsecured limits.
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