{"id":5084406,"date":"2019-08-01T00:00:00","date_gmt":"2019-08-01T04:00:00","guid":{"rendered":"https:\/\/ctlatinonews.com\/nutmeg-state-financial-credit-union-offers-new-auto-loan-program\/"},"modified":"2019-08-01T00:00:00","modified_gmt":"2019-08-01T04:00:00","slug":"nutmeg-state-financial-credit-union-offers-new-auto-loan-program","status":"publish","type":"post","link":"https:\/\/latinonewsnetwork.com\/ctln\/2019\/08\/01\/nutmeg-state-financial-credit-union-offers-new-auto-loan-program\/","title":{"rendered":"Nutmeg State Financial Credit Union offers new auto loan program"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">In an effort to help low-income families secure auto loans, <a href=\"https:\/\/www.nutmegstatefcu.org\/\" target=\"_blank\" rel=\"noopener\">Nutmeg State Financial Credit Union<\/a> announced its Working Wheels auto loan program.<\/p>\n\n\n<p class=\"wp-block-paragraph\">The auto loan program is part of Nutmeg\u2019s designation as a Community Development Financial Institution (CDFI). The federal designation, granted to Nutmeg in 2016, allows the credit union to reach underserved markets with products and services.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n<p class=\"wp-block-paragraph\">\u201cWe are always looking for more ways to help the members of our community,\u201d said John Holt, President, and CEO of Nutmeg. \u201cWe were inspired to create Working Wheels after seeing how challenging it can be for some families to have a reliable way to get to and from work.\u201d<\/p>\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n<p class=\"wp-block-paragraph\">Working Wheels allows qualified families to borrow up to $10,000 to purchase a vehicle. And it helps them avoid having to turn to predatory lending options.<\/p>\n\n\n<p class=\"wp-block-paragraph\">In order to apply for the loan, applicants must have proof of a minimum of six months of employment and work at least 30 hours per week.<\/p>\n\n\n<p class=\"wp-block-paragraph\">Applicants must also go through a required financial education component which stresses the importance of proper financial management and maintenance.<\/p>\n\n\n<h4 class=\"wp-block-heading\">The credit union\u2019s service area includes three counties which are 27 to 43 percent Latino. This includes an estimated 11,000 who arrived in the wake of Hurricane Maria in September 2017. <\/h4>\n\n\n<p class=\"wp-block-paragraph\">\u201cThe goal of Working Wheels is to help families gain financial independence and learn all about managing their money,\u201d Holt said. \u201cThe program is another step in the right direction for us and I\u2019m confident it will make a positive impact on the lives of so many families across the state.\u201d<\/p>\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<p class=\"wp-block-paragraph\">For more information on the program go to <a href=\"http:\/\/www.nutmegstatefcu.org\" target=\"_blank\" rel=\"noopener\">www.nutmegstatefcu.org<\/a> or call 860-513-5000.<\/p>\n\n\n<hr class=\"wp-block-separator\"\/>\n","protected":false},"excerpt":{"rendered":"<p>In an effort to help low-income families secure auto loans, Nutmeg State Financial Credit Union announced its Working Wheels auto [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_uag_custom_page_level_css":"","ghostkit_customizer_options":"","ghostkit_custom_css":"","ghostkit_custom_js_head":"","ghostkit_custom_js_foot":"","ghostkit_typography":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center 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