California Credit Union announced Wednesday it will offer special relief programs to support members whose pay has been affected by the federal government shutdown.
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"We understand the difficulties our members may face if they don't receive their paychecks and we're here to help," California Credit Union President/CEO Steve O'Connell said in a statement. "California Credit Union members can rest assured we will work alongside them with a variety of special assistance programs to help alleviate some of the financial stress this government shutdown may cause.
"We encourage members who may be impacted to contact us with questions or concerns about their finances so we can assist them through this challenging time."
Programs include:
-- Loan Payment Assistance: members may skip a payment, with all fees waived, on their consumer auto loan and/or personal loan;
-- Penalty-Free Certificate Withdrawals: members with certificate accounts may request early withdrawal to cover expenses with no fees or penalties; and
-- Reduced Rate Signature Loans: Members may apply for a personal loan at a 4% lower rate than the current lowest rate offered by the credit union. Members may receive up to two times their most recent net paycheck, up to $3,000.
For more information, members should contact California Credit Union at 800-334-8788, visit any credit union branch or go to ccu.com.
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