Get help when you need it
Start Your Journey
$500-$1,000 Interest-Free Loans Are Available
How to use your Impact Loan benefit
Click below to review Frequently Asked Questions
Loan Application Instructions
Apply for Your Loan
Current Borrower Login
Who is Eligible to Apply?
Full-time and part-time employees of True Sky Credit Union who have been employed for at least 90 days
You must be 18 years of age or older.
How It Works
Impact Loans can help you achieve financial wellness by giving you access to an interest-free loan with an extended payback period. It also helps you save for emergencies. Impact Loans do not accrue interest and are not reported to the Credit Bureau.
Step #1 – Apply
To be eligible to apply, you must be a part-time or full-time employee of True Sky Credit Union and have been employed for at least 90 days.
The online application is an anonymous process ensuring that you don’t have to worry about sharing your situation with anyone beyond The Community Impact Fund which administers your loan on behalf of True Sky Foundation.
No one at True Sky Foundation or True Sky Credit Union will ever see related documentation or know you applied. Once approved for an Impact Loan, your funds will be disbursed directly into your connected bank account.
Step #2 – Cover Your Expenses
Use the proceeds of your Impact Loan to cover any emergency expenses that would otherwise set you back further financially as described in your loan application. Examples of eligible expenses include:
- Transportation
- Healthcare
- Housing
- Taxes
- Debt
- Death/Natural Disaster
- Food
- Childcare
What can you do when the unexpected occurs?
When the unexpected happens, it can impact your ability to cover daily expenses, which can often result in accruing high-interest debt. In partnership with The Community Impact Fund, True Sky Foundation offers Impact Loans for True Sky Credit Union employees at 0% interest with an extended repayment schedule. This can help you recover from unexpected expenses without getting trapped in a debt spiral from high-interest lenders.
What can you do when the unexpected hits?
When the unexpected happens, it can be difficult to pay for your basic needs. Payday loans, credit cards, and other high-interest debt are often used as a short-term solution for your financial problems, however, they come with extremely high-interest rates and fees, ultimately making them a long-term burden that makes the problem worse, rather than better.
True Sky Credit Union offers Impact Loans for our employees at 0% interest with an extended repayment schedule. This helps households recover from financial hardship without getting trapped in another debt spiral from high-interest lenders.
What Does Financial Well-being Look Like?
Control over your day-to-day and monthly finances
Financial well-being means that you have full control over your finances. You have a plan and know what your money is going to do day-to-day and month-to-month. You are in control of your money and not the other way around.
Financial freedom to make the choices that make you happy
Financial well-being is having the ability to make the choices in life that make you happy so that you can fully enjoy life and not be a slave to your money.
Ability to cover emergency expenses
Financial well-being means that you can cover unplanned emergency expenses without using high interest debt. With the Impact Loan you can borrow at 0% interest, and when you pay it back, we help you save for a rainy day!
On track to meet your financial goals
Financial well-being is being on track to meet your financial goals, whether that be to purchase a new car, a home for your family, fund your kids’ college education or to save for your own retirement.