WATERLOO, Iowa – John Deere Community Credit Union is doing its part for troops by offering a reduced interest rate of 4% APR on existing consumer loans. Anyone on active duty including the National Guard, Reserves, Army, Navy, Air Force, Marine Corps, and Coast Guard is eligible for an interest rate reduction on existing loans (real estate loans sold to a second party are excluded) under the Soldiers' and Sailors' Civil Relief Act. Under the provisions of SSCRA creditors may not charge an interest rate of higher than 6% APR to active military personnel.

Continue Reading for Free

Register and gain access to:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts.
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders.
  • Educational webcasts, white papers, and ebooks from industry thought leaders.
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.