Loans from the Unitarian Universalist Organizations Retirement Plan

Loans of up to 50% of a participant’s account, not to exceed $50,000, are permitted:

To pay expenses resulting from an extraordinary medical emergency of the participants, his/her spouse, children or dependents;
To pay for the purchase of a primary residence of the participants or to preclude foreclosure of the primary residence of the participant;
To pay for educational expenses of the participant, his/her spouse, children or dependents; or,
To pay expenses arising out of economic hardship following the loss of employment or his/her spouse/partner.

An interest rate of the 10 year treasury note plus two percent is charged and paid back into the participant’s account

For more information contact ocsf @ uua.org.

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Last updated on Thursday, August 18, 2011.

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