Government Shutdown Assistance
At WCCU, we understand the financial challenges a government shutdown can create. To support our members during this uncertain time, we’ve expanded our assistance programs to provide peace of mind and flexibility.
How to Qualify:
You may be eligible if your income has been directly impacted by the government shutdown.
To qualify, you’ll need to provide:
- Furloguh notice or other proof of being furloughed (mandatory, temporary, unpaid leave of absence)
- Proof of employment in a federal agency, working without pay
- We will review applications from federal government contractors and others who are indirectly affected on a case-by-case basis.
Here’s how we can help:
- Waived early withdrawal penalties on CDs
- Waived late fees on loan payments
- Ability to defer one payment on Real Estate and Consumer loans
- 3-month zero percent interest loan (up to $3,000 or the applicant’s monthly pay, whichever is less)
- Refinance your auto loan to lower your payment and have your 1st payment delayed up to 45 days.
Not eligible, but still need help?
We’re here to help our members during periods of financial difficulty. If your pay is currently disrupted, but you do not meet the eligibility requirements, please contact us or visit a branch location to discuss your situation with one of our Universal Financial Service Representatives.
Contact Us
FAQs
Members who are directly impacted by the government shutdown, including those furloughed or working without pay, are eligible. Contractors and others indirectly impacted will be reviewed on a case-by-case basis.
These programs will remain available throughout the duration of the shutdown and will be reassessed as needed.
Most members will need either a furlough notice or proof of federal employment during the shutdown. Contractors or other indirectly impacted members may need to provide additional information.
You can make 1 penalty-free withdrawal per month on a Certificate of Deposit (CD).
Late fees will be waived throughout the duration of the shutdown and will be reassessed as needed.
Yes. Skipping a payment will extend your loan’s payoff date and increase the total of interest you pay over the duration of the loan.
You’ll need to provide proof of furlough or federal employment without pay. Visit any branch or contact us to start your application.
The funds will be deposited into your WCCU account, or we can provide a check upon request.
The loan can be repaid in three monthly installments or as a single lump sum. The first loan payment is due within 30 days of taking out the loan.
If you are unable to repay, please contact us right away to discuss alternative repayment arrangements. If unresolved, the loan may be referred to our Collections Department.
No. WCCU will not obtain a credit report to evaluate your eligibility for the program or qualification for the loan.
No. WCCU will not report information about this loan to the credit reporting agencies.
Yes. Members may refinance auto loans from another financial institution to lower their rate, and we can delay the first payment by up to 45 days.
Our Member Service team is here to help. Contact us or stop by your local branch, and we’ll work with you to find the right solution.
Free Credit Report Review
We can help you reach your financial goals. Start with a Free Credit Report Review at WCCU.