School Tax Credit Loan Form

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Yuma Central: 1780 S. 1st Avenue
Albertsons: 2378 W. 24th Street
Foothills: 11252 N. Frontage Rd.
Somerton: 530 E. Main Street
Parker: 916 W. 14th St.
| 928.783.8881
School Tax Credit Loan Form
The School Tax Credit Loan is available from AEA from October through December.
Name of Public School: ________________________________________________________________________________________
Name of Extracurricular Program: _______________________________________________________________________________
OR
Name of Private School Tuition Organization or Program: _________________________________________________________
Name of School or Student: ____________________________________________________________________________________
Member Name: ____________________________________________
Member #: ____________________________________
Street Address: _____________________________________________
City: ___________________________________________
State: _____________________________________________________
Zip: ____________________________________________
Phone: _____________________________________________________
Email: __________________________________________
Single
Married/Joint
q
q
Public School:
$200
$400
q
q
Private School Tuition:
$1,087
$2,173
Signature: _________________________________________________
Date: __________________________________________
PROMISSORY NOTE
The maker agrees to pay AEA Federal Credit Union, or any person or agent it designates, (“payee”) the amount indicated on the front of the note under the terms and
conditions listed below:
1. SINGLE INSTALLMENT. Maker agrees to pay the amount due under this note by May 31, 2017, without interest.
2. PREPAYMENT. The principal due under this note may be prepaid at any time without penalty.
3. SECURITY. This note is unsecured.
4. DEFAULT. Should maker fail to pay balance in full on this note by May 31, 2017, then the principal amount of this note shall earn interest at the rate of eighteen percent
(18%) per year from the original date of loan until paid in full. Payments will be calculated on the remaining balance for a term of 12 months due on the 15th day of each
month beginning on 7/15/17.
5. WAIVERS. The maker of the note waives presentment, notice of dishonor or protest for the nonpayment of this note.
6. ATTORNEY’S FEES. Should the payee or maker of this note file a legal action to enforce the terms of this note, then the prevailing party in such
action, in addition to any other remedy provided by law shall be entitled to an award of attorney’s fees and expenses. Such an award shall be made by the trial court,
sitting without a jury, at the conclusion of all proceedings in the case.
7. WAIVER OF TRIAL BY JURY. The payee and maker of this note specifically waive their right to a trial by jury in any legal action instituted to
enforce or interpret this note.
Federally Insured by NCUA
Equal Opportunity Lender
M71016

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