Life Happens Loan Program

During this time of uncertainty caused by the outbreak of COVID-19, we understand the financial hardships many of our members are facing. MFCU employees and management are working quickly to provide solutions to our members in instill peace of mind and relief to those who need it most. Please review the resources we have available for our members.

MFCU is offering two different relief options to assist our members during this difficult time.

Life Happens Loan

  • Minimum loan amount is $500 and maximum loan amount is $2,500
  • No loan application fee
  • No payment for 60 days
  • Must be an existing member to qualify
  • One loan per member; maximum of two loans per member household allowed
  • Member job impact must be as a direct result of COVID-19; no other workplace impacts will be considered for this program
  • Click here for the application

Life Happens Skip Payment

  • Skip 1, 2, or 3 months
  • No fee
  • Finance charges will continue to accrue on your unpaid balance
  • Qualification Reasons:
    • Decreased hours or work due due to the pandemic
    • Laid off due to the pandemic
    • Direct family member with the virus or required to be self-quarantined due to the virus
  • Real estate, commercial and any payment not monthly amortized not included
  • Click here for the form