Promise Credit Union

Jafari No-Interest Credit Union is a not-for-profit financial institution based in Houston, Texas, dedicated to serving its community members by providing no-interest loans as guided by the teachings of the Holy Quran, Prophet Muhammad SAWA, and the Ahlul-Bayt AS. With approval from the Texas Credit Union Department and the National Credit Union Administration, Jafari No-Interest Credit Union offers a range of services including savings accounts and no-interest loans for auto, student, and home loan refinancing, as well as personal and business equipment purchase repair loans. Operating without charging interest, Jafari No-Interest Credit Union funds its operating expenses and net worth capital through member account fees, voluntary fees, and donations, while keeping expenses low by utilizing donated office space and unpaid volunteer staff. With a strong commitment to its community, the credit union aims to expand its services in the future to include no-interest loans for small businesses and college tuition, as well as providing small loans to community members facing financial hardship to avoid high-interest payday and title loans.Generated from the website