Spokane Teachers Credit Union announced it approved $1.1 million in low-cost emergency loans in the month following the Nov. 17 windstorm that pounded the Inland Northwest.
Responding to the crisis that left 200,000 people without power, STCU announced the day after the storm that it was offering personal loans as low as 1.99 percent annual percentage rate, depending on applicants' credit history.
Called "Get-it-fixed," the loans were essentially a break-even, David Flood, vice president of lending said in a news release. Collateral was not required, and the loan simply had to be storm-related...
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