1. Learn what Democracy FCU is doing to help members and the community: COVID-19 Resource Center.
2. CLICK HERE to schedule your Alexandria or Silver Hill branch visit! Please visit our COVID-19 Resource Center for branch procedures.
Special Offers
National Event Loan
National Event Short Term Loan Program
Effective April 1, 2020, for a limited time
Democracy Federal Credit Union stands ready to assist members that have been impacted by the Coronavirus COVID-19 Pandemic.
Members may be asked to provide documentation of how they have been negatively impacted financially by COVID-19.
Option 1*: Only available to current members
- No credit check
- Loan amount cannot exceed three months of net pay with a max of $3,000
- Rate of 3% APR*
- Term up to 18 months
- No payment for 90 days
- Membership must be in place at least 30 days
- Account must be in good standing
- Normal underwriting guidelines do not apply
- Requires direct deposit/proof of income
Option 2*: Only available to current members
- Credit check required
- Loan amount cannot exceed four months of net pay with a max of $6,000
- Minimum loan amount of $3,000
- Rate of 7.24% APR*
- Term up to 24 months
- No payment for 90 days
- Membership must be in place at least 30 days
- Account must be in good standing
- Normal underwriting guidelines do not apply
- Requires direct deposit/proof of income
Option 3*: New members during National Event
- Normal underwriting guidelines apply
- Verification of income required
- No payment for 90 days
- Rate based on Risk-Based Tier
- Credit check required
*Certain restrictions apply. Loan effective April 1, 2020, for a limited time. Loan can end without prior notice. Rates based on member qualifications.