SDCCU members whose pay is currently affected by the current federal government shutdown may be eligible for assistance!
SAN DIEGO, Calif., (January 11, 2019) – San Diego County Credit Union® (SDCCU®), San Diego’s largest locally-owned financial institution, is providing relief for some customers who are impacted by the government shutdown. SDCCU customers who are federal government employees and whose pay is impacted by the government shutdown may be eligible for assistance. Impacted customers may be able to take advantage of a 0% APR personal loan1 or a 90-day loan deferral2.
The 0% APR Personal Loan is available for the amount of the customer’s last net payroll Direct Deposit up to $5,000 with no credit check. To take advantage of the loan, customers must have an existing Direct Deposit with SDCCU preceding the government shutdown and their account must be in good standing. On the day Direct Deposit of pay resumes, funds will be automatically deducted as repayment and the loan will be paid off in full.
The 90 Day Loan Deferral allows the customer to postpone each open loan payment for up to 90 days.
To be eligible, customers must provide documentation that they are a federal government employee whose pay is impacted by the government shutdown. Account must also be in good standing.
For details, visit https://www.sdccu.com/promotions/government-shutdown-relief/.
1. Must have an existing payroll Direct Deposit preceding the government shutdown. On the day Direct Deposit of pay resumes, funds will be automatically deducted as repayment and the loan will be paid in full.
2. Finance charges will continue to accrue at the rate provided in the original loan disclosures and agreements. Deferring a payment(s) will result in higher total finance charges than if the payments were made as originally scheduled. A deferment may extend the term of the loan(s) and extra payment(s) may be required after the loan(s) would have been paid off as provided in the original loan disclosures and agreements. The first payment required after the deferment period will include all finance charges accrued since the last payment was applied.
San Diego County Credit Union is San Diego’s largest locally-owned financial institution serving San Diego, Riverside and Orange counties. SDCCU has assets of $8.3 billion, over 400,000 customers, 43 convenient branch locations and 30,000 surcharge-FREE ATMs. SDCCU provides breakthrough banking products that meet the demands of today’s lifestyle and delivers banking services that save customers money. SDCCU is leading the way, offering FREE Checking with eStatements, SDCCU mobile banking, mortgage loans, auto loans, Visa® credit cards and business banking services. Federally insured by NCUA. Equal Housing Opportunity. For more information, visit www.sdccu.com <http://www.sdccu.com/?utm_source=PR&utm_medium=News&utm_campaign=0119GovernmentRelief> .