The end of summer will be here before you know it, which means it’ll be time to send the kids back to school. While the start of a new school year can be exciting, the occasion often brings added costs that many families can’t afford. To help you handle this financial pressure, Hawaii County Employees Federal Credit Union is offering a summer special on their personal loans to customers throughout the Big Island.

Paying for Back-to-School Supplies

At the start of the school year, your child will likely need notebooks, pens, pencils, and calculators, as well as a new backpack if their old one didn’t survive the summer. Depending on the age of your kids, they might also need new clothes, tablets, and study aids. On average, these necessities can add up to over $600, which can eat into your budget and throw your finances off track for months.

How a Personal Loan Can Help

Instead of paying for all your kids’ back-to-school supplies at once, a personal loan allows you to spread that expense over time, with predictable monthly payments designed to fit into your budget. For a limited time, Hawaii County Employees Federal Credit Union is offering personal loans up to $5,000, with a term of five years and reduced interest rates of 5% for qualified borrowers. If you just need a few hundred dollars to take care of back-to-school shopping, they also offer payday loans of up to $500, which can be paid over the course of six months. These rates are much lower than other lenders, who sometimes charge as much as 1,000% interest for short-term loans.

Combining the most advanced tools available with a customer-first approach, Hawaii County Employees Federal Credit Union is dedicated to providing high-quality financial services to all their members. Whether you’re looking for a personal loan to cover back-to-school expenses or a mortgage for your first home, you can rely on them for personalized attention and affordable solutions. Visit their Facebook or website to learn more about their financing and other services, or call (808) 935-2969 for an appointment with a member of their team today.