THE COMMUNITY CREDIT WAY:

Your loan + Your Savings=Your Future Good Credit

Community Credit offers you two excellent opportunities:

Loans icon

Short-Term Loans

A short-term loan that will help you establish a regular savings plan as well as provide cash to pay off or down an existing loan

This low-interest loan is an alternative to expensive Payday Lenders, Check Cashing Services and other more expensive financial service providers

Student Checking Account

Money Smart

A financial education program “Money Smart” taught by the experts from Community Bank

This program will teach you how to make better financial decisions

LEARN HOW TO BUILD YOUR CREDIT AND A SUCCESSFUL FINANCIAL FUTURE

  1. As a Community Credit participant, you are required to attend the 3-hour financial literacy seminar conducted by Community Bank. Our professionals will teach you about a variety of topics including managing your money, building your credit and protecting your identity.
  2. Once you have completed the seminar, you will receive a certificate* that allows you to apply for a Community Credit loan.**
  3. Stop by any local Community Bank office to open your Community Credit Checking and Community Credit Savings accounts. The Community Credit Checking account requires no minimum balance and charges no fees.
  4. The Community Credit Savings account requires a $250 minimum opening balance. Half of the loan proceeds will be deposited into your Community Credit Checking account*, and the other half will be deposited into your savings account.
  5. Community Bank encourages you to use the available loan proceeds to eliminate any debt you may have with Payday Lenders or other financial service providers. When you have successfully completed the Community Credit program, you will be ready to start removing yourself from the payday lending cycle, and you will have already started saving for the future

FINANCIAL EDUCATION

All borrowers are required to complete the Community Bank financial literacy program. A Certificate of Completion is required prior to obtaining a Community Credit loan.**

*The Community Credit certificate must be presented prior to obtaining a Community Credit loan. Community Credit requires that one-half of the loan proceeds be deposited into your Community Credit Checking account and the other half be deposited into your Community Credit Savings account and be put on hold until the full amount of the loan is repaid.

**All loan applications are subject to credit approval and must meet all underwriting requirements of the Community Credit program, including presenting 2-months proof of income. You may be eligible for this program up to two times unless a prior Community Credit loan was not paid in accordance with the program terms.