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Canopy Credit Union Offers Solution to High-Interest Debt

February 23, 2023 • Press

One day special provides financial relief with rates as low as 7.49% APR*.

Canopy Credit Union member Heather T. felt trapped by her high interest credit card debt. Heather is not alone in this as the average U.S. household has $7,919 in credit card debt, according to a recent NerdWallet study. Heather decided to consolidate her debt with a personal loan from Canopy, slicing her interest rate into a fraction of what it was. “This means more of my money is going to pay off my loan and less going to interest,” Heather said.

On Monday, February 27, Canopy Credit Union is offering a personal loan special for one day only. Qualified applicants will receive a rate as low as 7.49% APR* or 2.00% lower than their regular qualifying rate. The focus of this special is to help members consolidate credit cards and high-interest loans so they can put money back in their pockets.

“At Canopy, we are always working to find solutions for our members to help them take steps towards financial wellness. This low fixed rate loan is a tool that has proven effective for members over the past four years we have offered it,” Canopy’s President/CEO Charlotte Nemec said. 

Besides consolidating credit card debt and refinancing high-interest loans, this personal loan special is well-designed to help pay for emergency expenses or a major purchase. With interest rates continuing to climb, now is the perfect time to take advantage of these low fixed rates as well as Canopy’s fast and easy loan process.

“Even without perfect credit they gave me a chance…Canopy has great people that truly want to help people financially,” Heather said.

Canopy Credit Union is offering personal loan rates as low as 7.49% APR* with a loan term of 36 months. No internal refinances. Applications must be received on Monday, February 27, and applicants must become a member of Canopy Credit Union. Apply online at www.canopycu.com/special.

*Annual Percentage Rate. May vary based on approved credit. Fixed rates range from 7.49% APR - 15.99% APR. Membership required prior to loan closing. Other rates and terms are available. Payment Example: If you borrow $3,000 at 7.49% APR for 36 months your monthly payment will be $94.00


About Canopy Credit Union
Established in 1956, Canopy Credit Union is a not-for-profit financial institution that currently has over 13,000 members and $210 million in assets. Their mission is to guide everyone towards solutions that lead to financial wellness. Those who live, work, worship, or attend school in Spokane, Pend Oreille, or Stevens County, Washington, are eligible for Canopy Credit Union membership. www.canopycu.com

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