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November 14, 2019
Start Paying Down Debt Now, Not at the New Year
When it comes to paying down debt, now is as good of a time to start as any. There’s no reason to wait until the New Year, but we can think of a few to get going:
1. Our offer is available now. We don’t think it makes sense to charge you fees when you’re trying to consolidate debt and get your finances back on track. You can transfer your balance from another high-interest card to a Grow Visa® Preferred Credit Card, and there will be no transfer fee, no cash advance fee and no annual renewal fee.1
2. Who sticks to New Year’s resolutions anyway? According to an article from Forbes last year, studies have shown that less than 25% of people actually stay committed to their resolutions after just 30 days, and only 8% accomplish them.
3. Tomorrow is brighter than ever. The sooner you pay down your debt, the sooner you can start putting that money toward saving for your dreams. Consider opening a Get Fit Account, which will earn you a higher dividend than our Basic Savings Account and get you a $100 bonus when your balance reaches $10,000!2
1Introductory rate as low as 1.99% to 4.99% APR. The introductory rate is effective for the first six billing cycles on purchases and balance transfers. After the introductory period expires, or if you do not qualify for an introductory rate, your standard APR will range between 8.49% to 11.49% for purchases and balance transfers. This is a variable rate. The rate you receive will be based on your credit worthiness. This rate will vary with the market based on Prime Rate as published in the Wall Street Journal “Money Rates” table on the last day of each calendar month. The APR will not exceed 18.00%. If the minimum monthly payment is 60 days late twice in a twelve month period, the rate will revert to a default rate of 18.00% for six (6) billing cycles. Other APRs: Cash Advances 18.00%, Overdraft to Share Account 18.00%. A finance charge of 1.00% will be charged on foreign transactions. Rates are effective as of 11/01/2019 and could change without notice. Annual Percentage Rate (APR). Subject to credit approval.
2Get Fit is a variable rate account that earns an Annual Percentage Yield (APY) of 0.35% and the APY may change after the account is opened. The APY quote is effective as of 7/1/2013 and is subject to change. Fees could reduce earnings on the account. Minimum balance to open is $5. Maximum balance to open is $400. Minimum deposit per month is $20. Maximum deposit per month is $400. Withdrawals are permitted. Bonus: When the account reaches $10,000, we will deposit $100 into the Basic Savings Account within 90 days. Anything in excess of $10,000 will remain in the account to allow you to continue savings. If more than $400 per month is deposited, the excess will be automatically transferred to your Basic Savings Account. If excess deposits have to be transferred three times to the Basic Savings Account, during a 12 month period, the balance of the account will be transferred to the Basic Savings Account. If you fail to deposit $20 per month for three months during a 12 month period, the funds in the account will be transferred to the Basic Savings Account. Grow Savings Accounts are subject to ChexSystems® approval.
How to Find Your Routing & Account Numbers
When you make a payment online, by phone or on a mobile device, you may be asked for our routing number and your checking account number. Credit unions and banks use these numbers to identify accounts and make sure money gets where it’s supposed to be. You’ll also need to provide your routing and checking account numbers for:
- Direct deposits
- Electronic checks
- Military allotments
- Wire transfers
Where to Find Your Routing & Checking Account Numbers
Your personal checks include both our routing number and your account number, as shown on the Grow check example below.
Don’t have a Grow check? No worries.
Visit any Grow store and ask for a Direct Deposit Form. It lists both your routing number and checking account number.
Making a Loan Payment
When it comes to making payments, we try to make it as painless as possible to pay your loan every month. We have several different ways to pay, including convenient online options.
You have two ways to pay online by transferring funds from another bank or credit union.
- Grow Online Banking (Preferred payment method for any loan)
This is the simplest way to pay your loan. You can make one-time payments or set up automatic recurring payments in Grow Online Banking. Once you log in, select “Transfer/Payments” from the menu. If you’re not enrolled in Grow Online Banking yet, you can set up your account in just a few minutes.
- Debit Card or ACH (Available for auto, personal loans and HELOCs)
Note: ACH and debit card payments are not available for credit cards or most mortgages, except HELOCs.
We accept ACH payments with no additional fees or Mastercard® and Visa® debit cards with a convenience fee of $4.95. To get started with an online ACH or debit card payment, select Pay Now below.
Pay by Mail
You can also pay any Grow loan by check through the mail. Please remember to include your account number and Grow loan number on the check. (For credit card payments, please do not write your 16-digit credit card number on the check, which can cause a delay in processing the payment.)
Address for auto, credit card, personal loan and HELOC payments:
Grow Financial Federal Credit Union
P.O. Box 75466
Chicago, IL 60675-5466
Address for personal first or second mortgages and home equity payments:
Grow Financial Federal Credit Union
P.O. Box 11733
Newark, NJ 07101-4733