Credit unions are helping members take vacations by offering consumer loans. The majority of Americans travel during the summer months, but most credit unions who offer these loans make them available year `round as off-season travel to save cost. Spring/winter getaways are also popular. This loan can allow credit union members to relax during their well-deserved vacation rather than worry about debt.
According to USA Today, spending money on vacations is one of the seven things that “the middle class can’t afford anymore.” Credit unions are offering vacation loans that can vary from $1,000 to $3,500, and will help families avoid the up-front cost of a vacation, and instead pay off the vacation cost over a time span. This allows more families to take a vacation and enjoy a trip with their loved ones when they may not have been able to, previously.