Help During A Government Shutdown
The Partnership FCU Updates Options for Furloughed Employees
January 22 – As the government shutdown continues, we at The Partnership FCU are here to help. We understand your concerns, your struggles and we feel your pain. In working with our members through these tough times, we are offering the following options to help furloughed employees:
- Furlough Loan For 0% APR* – Borrow up to a $5,000 maximum of your standard pay that is Direct Deposited with us at 0% APR. Once Direct Deposit of pay resumes, the amount credited to your account will be automatically deducted as repayment.
- Furlough Loan For 6% APR*– Have Direct Deposit of your pay with The Partnership FCU? You can borrow the amount of the payroll deposit up to $2,500, at 6% APR. You’ll have up to 18 months to repay and the first payment is not due until 30 days after the furlough ends or three months after the loan is issued.
- Personal Loans – Personal loans are available to qualifying furloughed members. To help you through these challenging times, we’ll waive your first payment for 60 days.
- Skip-A-Loan Payment – Have a loan with us? You can skip a payment during the shutdown without a fee. We’ve made skip pay available for ZipLine loans as well.
- Fee Waivers – Make early withdrawals from Certificates without penalties. You can also withdraw from your Money Market account without a fee and close or withdraw funds from your Holiday Club account without a fee.
As our members needs continue to evolve, so will our solutions. If you are struggling financially, or just have questions about your situation, please give us a call or stop by. We are here, ready to help.
WE WILL STILL BE OPEN:
- Member Services — Our Member Service team will be answering calls and emails as usual during normal business hours. Contact a Member Services Representative by email or give us a call at 800-285-3286.
- Branches — During a shutdown, our branch at Virginia Square will remain OPEN, as will most of the 5,000 shared branches nationwide!
- Bank Nationwide — Enjoy access to over 5,000 branches and 30,000 surcharge-free ATMs (9,000 deposit-taking) nationwide. Find the ATM & Branch nearest to you.
- Account Access — With our state-of-the-art suite of account access products, account management is available 24/7, wherever you are from your preferred device. Download our Mobile App for your smartphone or tablet to experience the ease of Online Banking from the palm of your hand, and use Mobile Check Deposit to deposit checks remotely
*APR=Annual Percentage Rate. For federal workers who will receive pay once the shutdown is over. For qualifying members with approved credit.