Member Support Program
Are you impacted by the Boeing strike?
At Sound Credit Union, we stand by our members through all waves of life, and this includes challenging times. If you’re facing an income disruption due to the Boeing strike, we’re here to help. You may qualify for some flexible options through our Member Support Program including special loans or payment terms.
Program Options
Sound Relief Loan
Get an Instant Prequal online to see if your qualify for our $6,000 relief loan.
- Quick Access to Funds: Apply today and receive funds as soon as the next business day, ensuring you can cover essential expenses.
- Low Interest Rate: Pay a low interest rate of 6% APR.
- Flexible Terms: Pay your loan back in 10 months or up to 40 months
- Monthly payments: Ranging from $166 – $617
No Fee Skip-A-Pay
Skip up to two payments on your current Sound loan, fee-free. To take advantage of this free Skip-A-Pay offer, please contact us. Exclusions apply.
Early Withdrawals on Certificates
Withdraw funds from your Sound Certificate without paying an early withdrawal penalty. Contact us for assistance.
Contact us for assistance.
Disclosures
Sound Relief Loan: Loan approval is based on individual creditworthiness. May require proof of income or direct deposit to Sound Credit Union. Interest will accrue during deferral period. Must be 18 years of age to qualify. Payment sample: $6,000 loan at 6% APR would require 40 payments of $166.
Member Support Program Skip-A-Pay: The Member Support Program Skip-A-Pay option is available for Sound members who are financially impacted by the 2024 Boeing strike. This special no fee Skip-A-Pay offer may be used up to two consecutive months on most credit card, auto and personal loans. All deferrals are subject to Sound Credit Union approval.
By requesting a Sound Credit Union Member Support Program Skip-A-Pay, you request that Sound Credit Union defer your loan payments as indicated. You agree and understand that:
– Finance charges will continue to accrue at the rate provided in your original loan agreement, during and after this time.
– Deferring your payment will result in you having to pay higher total finance charges than if you made your payment as originally scheduled.
– The payment deferral will extend the terms of your loan(s) and you will have to make extra payment(s) after your loan(s) would otherwise be paid off.
– You will be required to resume your payments the following month.
– If you are electing to skip two consecutive payments using this offer, it must be done during your initial request.
– If you elected GAP or Warranty Coverage, the coverage will not be extended beyond the original maturity date and benefit may be reduced.
– If you have an automatic payment scheduled, you will need to make arrangements to cancel it prior to its arrival. This can take a number of days depending on where your payment is coming from.
– This option is not available on loans greater than 60 days past due.
Ineligible loans include all Auto Advantage, real estate, certificate-secured, business, Payday Freedom, balloon, and modified or restructured loans. Additional restrictions may apply. This special Skip-A-Pay offer is subject to change at any time. Contact us for complete details at 800.562.8130.
Certificate Withdrawals: Early withdrawal may reduce earnings. A minimum balance may be required.