Interest Free Lockout Loans – Chicago Teachers Union

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The mayor’s lockout of CTU educators created additional economic hardship for members who were already dealing with a variety of hardships caused by the pandemic. To cushion the blow, the AFT and CTU are granting interest-free loans to any members who have lost their pay due to a lockout.

Who is eligible for the loan?

  1. Must be an active member of the Chicago Teachers Union (CTU).
  2. Active CTU members must complete and submit Form A to certify that they have recognized the work action.
  3. The applicant must be a member of the United Credit Union (UCU).
    • An initial deposit of $25 is required to open an account and may be part of the loan payout.
  4. Must have lost salary for being barred from Chicago Public Schools on Jan 5th, 6th, 7th & 10th 2022.

When do I apply? How much is the loan and how do I pay it back?

United Credit Union will accept applications from Tuesday, January 18, 2022 through Friday, February 4, 2022. The loan amount is $480. The loan has an interest rate of 0%. The member will repay by deduction from wages from Friday 11 February 2022.

How do I get the application package?

I have questions about the lockout loan application. Who can I ask?

Where do I send non-application credit questions?

You can email the CTU Membership Department or the Accounting Department.


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