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As the University of Georgia146s longstanding and dedicated 31 As the University of Georgia146s longstanding and dedicated 31

As the University of Georgia146s longstanding and dedicated 31 - PDF document

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As the University of Georgia146s longstanding and dedicated 31 - PPT Presentation

SHARED STRENGTH ID: 853190

loan 149 deduction georgia 149 loan georgia deduction payroll united apr flsa staff affected option repayment pay rate prepayment

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1 As the University of Georgia’s long
As the University of Georgia’s long-standing and dedicated  nancial partner, Georgia United Credit Union is committed to helping you develop healthy  nancial habits to help you get the most out of life and your paychecks.In response to the change in pay structure some UGA staff are facing, Georgia United has developed a loan program to assist affected staff during this transition period. We understand that a change in pay structure will require some adjustment and want to assure you that we are here to help with loan options designed speci cally with you in mind. FLSA Loan Option 1• 3.99% APR* repayment rate with payroll deduction or 4.99% APR* without payroll deduction• No prepayment penaltyFLSA Loan Option 2 • Loan amounts of $1,000, $1,500 or $2,000 • 4.99% APR* repayment rate with payroll deduction or 5.99% APR* without payroll deduction• No prepayment penalty Loan Qualifications:• Applicants must be eligible for Georgia United membership. • This is not a guaranteed loan. Loan approval is based on applicant’s creditworthiness and ability to repay. • Any previous charge-offs with Georgia United (or predecessors) would need to be resolved prior to applying for the FLSA Loan product.• Veri cation letter (that will be provided to affected staff) from The University of Georgia documenting the FLSA impact on the applicant is required. SHARED STRENGTH