As always, 1st Community Federal Credit Union stands ready to assist our members in the days and weeks to come during the government shutdown.
The following programs are available to 1CFCU members whose pay/direct deposit has been affected by the federal government shutdown to help bridge income gaps:
Government Shutdown Assistance Loan
- 0% APR (Annual Percentage Rate) for 60 days, up to the amount of your last payroll deposit – maximum of $5,000, no fees, with a one-time payment due in 60 days. This offer will be reviewed again if additional payroll payments continue to be missed.
- Who qualifies – 1CFCU members who have received a federal government direct deposit to their 1CFCU account in the past 30 days, but who did not receive their last scheduled payroll due to the government shutdown. Find out if you are eligible to apply for this no-interest loan.
- Contact a 1st Community loan officer at 325/653-1465 or 800/749-1465.
Loan Payment Assistance
- Skip-a-Payment – Available for any type of loan through 1CFCU excluding credit cards, “1st Cash” lines of credit, mortgage loans, unimproved property loans, term share certificate loans, business loans, balloon loans, home equity loans, secured home improvement loans, recreational vehicle loans with original terms of 180 months, and loans with single/quarterly/semi-annual/annual payment frequencies.
- If the qualified loan is current and setup for monthly payments you can apply:
- In Online Banking – click on the loan and then click on the Skip-a-Payment option to see if you qualify
- On our App – click on the loan and then click on the Skip-a-Payment option to see if you qualify
- For all loans not offering a Skip-a-Payment online, please contact a 1CFCU loan officer to see what options are available to you. 325/653-1465 or 800/749-1465
- All Skip-a-Payment processing fees will be waived.
- Waiving of Late Fees – 1CFCU will work with members who experience Loan Late Fees due to the lack of federal government direct deposits. Please contact a 1CFCU loan officer to discuss your options.
Term Share Certificate Early Redemption Without Penalty
1CFCU will waive any early redemption penalties for early withdrawal of 1CFCU Term Share Certificates.
Courtesy Pay & NSF Fees
1CFCU will work with members who experience Courtesy Pay or NSF fees due to the lack of their federal government direct deposit. Please contact a member service representative today to discuss your options.
Coin Counter Fees
1CFCU Coin Counter Fees will be waived for any federal employee showing a proper federal ID.