Rev. Alfonza McAllister of Smith Chapel Free Will Baptist Church in Fayetteville discusses how the church was able to save $60,000 in interest payments by refinancing a loan at Coastal FCU.
McAllister also describes the dedication that Coastal FCU Community Development Manager Jeff Dowd showed in helping the church prepare the loan documents to present to the credit union.
McAllister also makes a plea to members of Congress to lift the credit union business lending cap, which is currently set at 12.25% of assets. Coastal FCU is currently bumping against this cap, and has been denying some new business loan applications as a result.