University Credit Union offers relief loan and payment assistance programs


Albert E. Rose, Executive Vice President and Chief Operating Officer

University Credit Union remains open for business with a comprehensive set of financial support initiatives to help our members, businesses and the community we serve weather the unique and extraordinary uncertainty caused by the current health crisis. As detailed by Albert E. Rose, Executive Vice President and COO for University Credit Union, “We provide assistance in the form of fee waivers; deferred payments for credit cards, auto loans and mortgages; loan modifications; low rate loans and other amenities to members of the credit union.

A $ 5,000 Pandemic Relief Loan with 90 day deferred payment is available to help members of our community. Funds will be immediately disbursed to approved applicants and placed in the member’s savings or checking account. There is no charge associated with the 90 day deferred payment on the $ 5,000 Pandemic Relief Loan, interest will accrue and standard credit criteria apply on approval. Members of the University Credit Union and the community can apply for loan assistance at www.ucumiami.org or by calling 786-425-5000.

To help small businesses maintain their payrolls during the coronavirus pandemic, the Small Business Administration is rolling out the Paycheck Protection Program on Friday, April 3. As continued directions are developed from the SBA in the days and weeks to come, we remain cautiously optimistic that University Credit Union will participate in the SBA program. At this time, University Credit Union has not yet received confirmation from the SBA that the Paycheck Protection Program can be offered through our services. We will keep our community informed as events develop.

Branches continue to operate to meet the daily financial needs of our community. The West Kendall Center (WKC) branch located at 13241 SW 136th Street, Miami Florida 33186 maintains normal hours of operation with branch service by appointment and four-lane drive-thru with a 24-hour ATM and 7 days a week. In-branch service by appointment is also available at the CRF Modesta A. Maidique Campus Branch located at Blue Parking Garage 10880 SW 16th Street Miami, FL 33199 and at the University of Miami, Red Road Branch located at 6250 SW 57th Avenue , Miami Fl 33143.

In addition to loan relief, University Credit Union has launched an Abroad Wellness Appeal campaign to help any member who may need it and to help answer any questions or concerns. Members’ response to the initiatives has been well received and the credit union will continue to contact members with updates and remain available to help our community.

With over $ 210,000,000 in assets and 13,500 members; University Credit Union is committed to providing “world class member service” and providing personalized assistance to individual members and business owners who have been financially affected by the current crisis. We encourage Miami-Dade County residents and current members to visit our website at www.ucumiami.org or call us at 786-425-5000 for financial assistance.

We are here to help and together we will overcome this difficult situation!


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