University Hope is a ministry that seeks to provide small rescue loans to those trapped in the predatory loan cycle. By working with a local credit union, UHBC is able to guarantee loans at low interest rates to pay off payday or title loans. A mentor is assigned to help when problems arise and to give advice on budgeting, finding community resources, or just being a friend in times of need.


To see if you qualify for potential help from University Hope, you will need to be able to check every item below:

___ I have a payday or title loan with interest of more than 36%

___ The total of all my payday or title loans are $1000 or less

___ I have sufficient income that I could make the payments on my reduced-rate loan

___ I would be willing to join the Educational Community Credit Union (cost $26; to join you must have a photo ID with current address or a photo ID with piece of mail showing your current address. You or a close relative must have attended school in SW Missouri, and you must have no closed bank account with a negative balance remaining.)

___ I would agree to a monthly meeting with a University Hope mentor


How can I benefit?

  • The lower interest rate can lower my monthly payments dramatically
  • By making regular on-time payments I can improve my credit rating, allowing me to meet future needs without resorting to payday or title loans
  • When I repay the University Hope loan, the funds used to guarantee my loan will be used to help someone else


How do I get started?

  1. Review the above checklist to see if you meet all of the criteria
  2. Contact UHBC by calling the church office at (417) 862-0789
  3. Expect a call back from one of the University Hope volunteers to set up an interview
  4. Please have the contract or a statement from your lender showing:
  • date and amount of original loan
  • amount currently due
  • interest rate being charged
  • payoff amount on the date of your meeting with University Hope volunteers

Check out these links for news coverage of University Hope:

Sara Forhetz of KY3

Nick Thompson of KOLR10 

Jackie Rehwald of Springfield News-Leader

UHBC Pastor Dr. Danny Chisholm for Ethics Daily