Drowning in Debt, Member Finally Reaches Out to Credit Union for Help

Last year, a member came to us for help because she had gotten herself into a bad situation with finance companies. She had amassed nearly $10,000 in high-interest-rate loans, and she was drowning in debt. Initially, she was embarrassed about her situation, but she decided to give us a chance based on a referral. We were able to refinance the debt, saving her $700 a month, and we also offered financial education to help her to break the harmful cycle. Of course, we gained a lifelong member, and we were happy to be able to change her life for the better.