From Debt To Determined: Yohannes's Financial Reset Story

Yohannes came to Members Choice Credit Union looking for a way to simplify his finances and get back on track. With credit card debt piling up, high credit card interest rates weighing him down, and late payments hurting his credit score, he felt stuck.

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With the guidance of Nadine Saldivar, our Member Advocate, Yohannes was able to consolidate his debt into a single personal loan with a much lower interest rate. By also opening a Members Choice Complete Checking® account and setting up direct deposit, he locked in an even better rate on his personal loan and simplified his monthly payments. After years of financial stress, he finally felt relief.

"I had ridiculous APRs before, but now it’s one loan, one manageable monthly payment on autopay. I don’t even have to worry about it anymore," Yohannes shared.

He had been battling his credit card debt for over two years and the process left him paying mostly interest with little progress on the principal.

Together, Yohannes and Nadine developed a strategy to consolidate his debt and prioritize consistent payments with an unsecured personal loan.

Then, just as he started his brand-new money journey, he received even more good news: Yohannes was one of the winners of our "Win a Payday" giveaway, taking home $500 just for signing up for direct deposit!

"Winning didn’t feel real. I used the money to buy something special for my kids, and it made me realize this credit union is different—they really do care about people like me,” said Yohannes. "It could be one million dollars or one dollar—winning this $500 has greatly impacted my life."

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