Family First Federal Credit Union Helps Members with Short Term Cash Solution

New Credit Rebuilder Loan is Ideal for Members Who Have Fallen on Tough Times,
Need Extra Cash or Need to Rebuild Their Credit
OREM, Utah--(Business Wire)--
Family First Federal Credit Union today launched the Credit Rebuilder Loan,
designed to assist members who need cash, have poor credit, or no credit. The
Credit Rebuilder Loan has lower fees and interest rates than other commonly used
methods such as PayDay Loans, and is intended to help members rebuild their
credit.

The Credit Rebuilder Loan includes:

* No denial based on the member's credit report and/or credit score
* Minimum of three months on the job (must not be seasonal)
* Must have direct deposit and be a member of the credit union for at least
three months
* Loan amount up to $1000 at 18 percent interest up to 12 months
* Once the loan is paid off, the member can qualify for an additional $500
totaling $1500 on all new loan requests

"We understand that many members have fallen on hard times due to unforeseen
circumstances," said Ben Wiseman, assistant vice president of consumer loans.
"In talking to many of our members, we felt it was critical to offer a less
expensive solution than PayDay loans, and in doing so, assist our members in
rebuilding their credit."

To help members rebuild their credit, Family First Federal Credit Union will
pull a credit report and coach the member on what makes up the score and how to
improve it. This will provide the credit union an opportunity to educate the
member and better assist them in rebuilding their financial position. As the
member successfully pays back the loan, they can increase the loan amount and
continue to work at building a good credit history.

Members will pay only 18 percent APR, which is considerably less than the annual
rate of 400 percent that borrowers have been accustomed to paying on various
payday loans. According to a study conducted by the Center for Responsible
Lending, borrowers pay $4.2 billion every year in excessive payday lending fees.
Based on lending calculators, members under the Credit Rebuilder Loan would pay
$92 a month for 12 months on a loan up to $1000. Plus, the credit union offers
debt protection options for only a few dollars a month.

The loan application is simple and takes little time to process. It can be
started over the phone with a loan officer at 801-225-6080 or by stopping into
one of the credit union`s seven branch locations.

ABOUT FAMILY FIRST FEDERAL CREDIT UNION

Family First Federal Credit Union has been providing excellent financial
services since 1947. Branches are located in American Fork, Pleasant Grove,
Orem, Springville, Payson, Lindon, with a Home and Business Loan Center in Orem,
and offers online services at www.familyfirstcu.com. The credit union provides
various mortgage services including construction loans, mortgage refinance and
home equity options. Anyone who lives, works, or attends school in Utah County,
or has a family member who does, is eligible for membership. As your primary
financial institution, Family First Federal Credit Union is dedicated to
providing its members with high quality service, friendly staff, and convenient
account access to better meet their needs.

Jennifer Stoddard, Associate Vice President of Member Services, answers
questions about finances and budgeting on the Family First Web site in a section
called "Ask Jenn." The "Ask Jenn" feature can be found on Family First`s Web
site at https://www.family1stcu.com/askJen.php.

SNG PR
Sydnee Fox, 801-208-1100
sydnee.fox@sng.com
www.sng.com

Copyright Business Wire 2009