Employees that have a VALIC account 457(b) plan are able to request a loan against 50% of their total account balance for emergency situations or other personal financial hardship(s) up to $50,000.
To request a loan application contact Valic.com or Steve Sallee, Financial Advisor, Valic at 954- 702-1362. You must visit Human Resource s to obtain the required plan administrator signature on your loan document(s) . Once completed, Human Resources will fax your request directly to VALIC.
In addition, if you want to receive your loan monies via direct deposit, you must have a bank account prior to receiving any funds.
If you do not have a verified direct deposit account with VALIC, you will be required to obtain a "Medallion Signature Guarantee" stamp from your financial institution prior to processing your loan request.