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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
Nobody likes paying bills. We get it. That’s why at Grow, we make it as painless as possible to pay your loan every month. You can even choose how to do it.
Pay From Another Credit Union or Bank
You have two ways to pay by transferring funds online from another institution.
- Debit Card or ACH
We accept both Mastercard® and Visa® debit cards and ACH. With debit cards you’ll also pay a convenience fee of $4.95. To make a loan payment other than your mortgage or Grow Visa® credit card, click the button below.
- Grow Online Banking
You can make one-time payments or set up automatic recurring payments in your Grow Online Banking account. Simply select “Transfer/Payments” from the menu. And if you’re not enrolled in Grow Online Banking, you can set up your account in just a few minutes.
Pay by Mail
You can also pay your loan by check through the mail. Please remember to include your account number and Grow loan number on the check.
Send auto, credit card and personal loan payments to:
Grow Financial Federal Credit Union
P.O. Box 10006
Irmo, SC 29063-5006
Send home loan and home equity payments to:
Grow Financial Federal Credit Union
P.O. Box 11733
Newark, NJ 07101-4733