Howard University Employees Federal Credit Union

Second Chance Share Savings

If you take advantage of the Second Chance Loan, you will be required to establish a Second Chance Share Savings Account when your loan is granted. All deposits will be made to this account through payroll deduction or direct deposit each time you make a loan payment. Withdrawals may not be made until the loan is paid in full. The objective of this loan is to help members who have had a difficult time managing funds to establish a savings habit and have cash available to them. Please see detail regarding the Second Chance Loan under LOANS.

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