Point West strives to be a Point of Opportunity for all of its members. In a tight rental market, we know how expensive finding and moving into a new rental home can be. Security deposits alone can be thousands of dollars, and even if you get part of your previous deposit back, it can take weeks or months to receive. That’s why we’re excited to announce our Security Deposit Loan (SDL) program.

With our SDL program, you can cover up to two-thirds of your security deposit expenses² with an affordable loan you can pay back over 12 months with no prepayment penalty. Let us help you free up your funds for all of your other moving needs, like a moving truck, furniture, and changing utility companies. Here are the SDL program details:

• Terms up to: 12 months
• Borrow up to: $5,000²
• Financing Options Available: 4.99% APR¹ OR 0.00% APR¹ + Application Fee³
• Family Income: $70,000 and under

Apply for our SDL Now | Check out our SDL Flyer (en Español)

This program is a collaboration between Meyer Memorial Trust, the Northwest Credit Union Foundation, Consolidated Community Credit Union and Trailhead Credit Union. We’re proud to work with our cooperative and nonprofit partners to help provide affordable, accessible solutions to our community. For more information about our work in the community and our impact, visit our Impact page.

¹APR = Annual Percentage Rate. Income restrictions and credit qualifications apply. Rates, terms and program guidelines subject to change without notice. ²No more than two thirds of total deposit may be borrowed. Loans are made payable directly to landlord or property management company. ³Application fee is equal to $25 per $1,000 borrowed (example: $50 application fee for $2,000). Application fee is due at application. Contact Point West Credit Union for complete details at 503.546.5000. Federally insured by NCUA.