IMPORTANT INFORMATION REGARDING YOUR LOAN
The Federal Reserve Board recently passed the Credit Card Responsibility and Disclosure Act of 2009 that requires lenders to mail or deliver periodic statements 21 days before the due date for open-end loans and credit cards. Open-end loans would include lines of credit, signature loans, vehicle loans and home equity loans.
America's Christian Credit Union is moving forward as quickly as possible to comply with this 21 day rule on open-end loans. In order for us to comply with this very complicated new government regulation the credit union will be changing the due date on the above loans to the 28th of the month beginning with your November payment. We understand that this change may not be in the best interest of our members. By now you should have received a letter outlining the specific details regarding your loan. Copies of the letters are provided below. Until this change occurs in November, any late fee on your loan will be waived if your loan payment is received within this 21 day window. Should you have any questions or concerns, please do not hesitate to contact our office.
Signature, Vehicle, Home Equity Letter
Additional information can be found at The White House FACT SHEET: REFORMS TO PROTECT AMERICAN CREDIT CARD HOLDERS
All promotional terms and conditions stated herein are subject to change.