Review and investigate payment history to resolve member discrepancies. Ability to negotiate effectively with members in an effort to minimize delinquency and negative balance status, while still maintaining positive member relationships.Įstablish and maintain updated member information on related delinquent loan and negative balance accounts.As employees of Point Breeze Credit Union we follow the Rules of the Road: Deliver Quality and Value, Focus Our Efforts, Participate and Be Candid, and Take Responsibility.Ĭontact members with delinquent loans and defaulted share accounts using specific knowledge of Point Breeze Credit Union guidelines, NCUA policies, as well as the Fair Debt Collection Practices Act. This starts with a dedicated and engaged team of employees who have a shared passion for helping each other and our members. Point Breeze Credit Union offers easy, reliable banking by helping our members save time and money. Speak with a representative about closing costs or for more information about the Point Breeze Credit Union Interest Only Home Equity Line of Credit.Point Breeze Credit Union is currently seeking a Collector! For every $1,000 borrowed at the current Prime Rate of 8.25% APR your payment will be $6.78 monthly if you choose to pay only the interest. For every $1,000 borrowed at 2.49% APR your payment will be $2.05 monthly if you choose to pay only the interest. Borrow up to 80% loan-to-value or $250,000 maximum. Minimum payment will not repay principal, which will result in your payment increasing at the end of the 10-year draw period. You may choose to pay only the interest on the money you borrow for 10 years from the date the loan is established (draw period). Rate ceiling is 5.00% APR above the Prime Rate at the time of your application. Thereafter the rate will adjust annually on the anniversary date of the loan to the Prime Rate. The introductory rate is for the first 12 months, after which the rate will adjust to the Prime Rate with a floor of 3.50% APR. The index is the Prime Rate and is published in the Wall Street Journal. The APR in effect after the expiration of the introductory rate is based on the value of an index. Interest Only Line of Credit: 10-year draw, 10-year payback. Speak with a representative about closing costs. For every $1,000 borrowed at the current Prime Rate of 8.25% APR your payment will be $13.72 monthly with a minimum monthly payment of $100. For every $1,000 borrowed at 2.49% APR your payment will be $8.99 monthly with a minimum monthly payment of $100. Standard Line of Credit: 10-year draw, 10-year payback. Home Equity Loan: Borrow up to 100% Loan-to-Value or $250,000 maximum. Credit qualifications and approval are required. Rates, terms, and conditions are subject to change without notice. Interest Only Line of Credit (introductory rate)ĪPR=Annual Percentage Rate. Standard Line of Credit (introductory rate) Properties must be a primary residence located in Maryland, Pennsylvania or Delaware. Choose to pay only the interest on the money you borrow for up to 10 years.Borrow up to 80% of your home's equity or $250,000 maximumĪn interest-only home equity line of credit (Interest-Only HELOC) lets you maximize your home's equity while keeping your payments even lower with more flexibility.Low monthly payments make this a great way to maximize the investment in your home. Borrow up to 100% of your home’s equity or $250,000 maximumĪ variable-rate home equity line of credit (HELOC) is a flexible way to draw on your home’s equity for virtually any use.A fixed-rate home equity loan lets you borrow against your home’s equity and repay it with low, predictable monthly payments.
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