Government Shutdown Assistance Program


Our thoughts are with all of those who are affected by the December 2018 federal government shutdown. We have several options for financial assistance available to help those impacted during this time.


Emergency Personal Loan

•  Loan amounts of $1,000 to $5,000

•  27-month term

•  No interest and no payment required for the initial three months

•  After three months, interest rate will be 5% and the balance will be amortized over 24 months (the blended APR for the total term is 4.02%)*

 

To qualify for assistance:

•  Must have been a member as of December 22, 2018

•  Must still be eligible for membership and services

•  Must be current on all HSFCU loans as of December 22, 2018 (certain exceptions may apply; contact us for details)

•  Must meet minimum credit score requirements

•  New loan funds may not exceed combined aggregate limit for the member

•  Proof that the member is an affected federal worker is required**

 

To apply, please visit a branch or call (808) 587-2700 or toll-free 1 (888) 586-1056.


Loan Payment Deferral

•   Three-month deferral of payments on your existing personal or auto loan

•   Waiver of late fees

 

To qualify for assistance:

•   Loan must be current as of December 22, 2018 (certain exceptions apply; call to discuss)

•   Proof that the member is an affected federal worker is required**

 

To inquire, please contact Credit Resolution at (808) 447-3380.

 

 


Term Share Early Withdrawals

•   Early withdrawals of share certificates, $500 minimum withdrawal

•   Waiver of any early closing fees

 

To qualify for assistance:

•   Proof that the member is an affected federal worker is required**

 

To inquire, please contact Credit Resolution at (808) 447-3380.

Disclosures

* The Emergency Fund Loan program features 0% interest rate and no payments for the first 3 months with a subsequent interest rate of 5.00% for the remaining 24 months. The blended APR over the entire 27-month term of the loan is 4.02%. Rates are effective 1/14/2019, and are subject to change without notice. Payment Example: A loan of $1,000 with a 5.00% interest rate will have no payments for the first 3 months and then 24 monthly payments of $43.87, with total interest paid of $52.91. There is no pre-payment penalty.

** For federal government employees, most recent paystubs (December 22, 2018, date or later) to evidence current employment. For non-federal government employees, letter from employer stating there’s a payroll reduction due to federal budget cuts OR sequential paystubs to evidence income before furlough and after furlough and statement from member stating that their income has been reduced due to federal budget cuts.

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