Teachers Credit Union (TCU) has announced a package of relief measures available to members impacted by the federal government shutdown. The measures are intended to help provide financial security to impacted members and include:
- 90-Day Member Assistance Loan[1] to help members bridge the gap until federal pay resumes.
- Loan Payment Deferment Assistance[2] provided to members at no charge.
- Delinquent Loan Collection Solutions to help members who fall behind on loan payments during the shutdown.
- Waiver of early withdrawal penalty on Certificates[3] to allow members access to their funds.
These measures are available to TCU members and their spouses who are employed by the federal government and are experiencing a loss of income.
“TCU is based upon people helping people,” said President and CEO Paul Marsh. “We have a history of helping our members during tough times and hope that these measures will provide some peace of mind to our members impacted by the government shutdown.”
Impacted TCU members who would like to use these measures are encouraged to visit a TCU Service Center or call the TCU Member Call Center at (800) 552-4745 for assistance.
