FALL RIVER, Mass. – Fall River Municipal CU is offering its members up to $1,000 in low-cost energy loans to help pay the rising costs of home heating oil.
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The aim of the loan special is to help members spread large heating bills into manageable monthly payments, according to the credit union. The 10-month loans will carry a 5.5% annual rate.
Loan funds will be deposited into a member’s special utility account. Members must bring their heating bills to the credit union, which will pay the utility directly using funds from the account.
