Posted: 3:11 am EST
Updated: 1:10 pm EST
Updated: Jan 16, 2:35 am EST: Click here for counties/utilities assistance for furloughed employees.
Furlough Relief for Impacted Members
The State Department Federal Credit Union is offering service changes to help members who may be impacted by the current government furlough.
Please call us at 800-296-8882 or 703-706-5000, or email firstname.lastname@example.org to request assistance with any of the following:
- – Refund any late fees on loan payments
- – Eliminate the penalty for cashing in Share Certificates early so you can have access to your money sooner rather than later
- – Refund cash advance fees for our Visa Platinum or Premium Cash Back+ credit cards when using an ATM
- – Make emergency credit card loans available at 0% interest for the first two months
- – Delay loan payments on a case-by-case basis
The services listed above are only available to members directly impacted and are scheduled to end on January 31, 2019; however, the program end date might be adjusted depending upon the length of the government furlough.
Thrift Savings Plan
Government Shutdown and Loan Payments
“Government Shutdown and Loan Payments — (January 8, 2019) The TSP allows for the suspension of loan payments when you go into nonpay status to prevent your loan from going into default. Normally, we require documentation from your agency or service. However, the TSP does not need documentation of your furlough at this time. If your loan payments were up to date prior to the furlough, missing one or two payments will not cause your loan to be in default. You can check the status of your loan by logging into My Account, selecting “TSP Loans,” and then selecting “Are my payments up to date?” Or you can call the ThriftLine at 1-877-968-3778 and speak to a Participant Service Representative.
As long as retroactive pay is approved, all missed loan payments will be submitted and posted to your loan. We will provide more information as the furlough continues or as events change.” (via tsp.gov)
Government Shutdown Assistance
You may be eligible for government shutdown assistance if your pay is impacted, you’ve set up direct deposit of pay with Navy Federal, and you are 1) a Federal government employees, 2) Active Duty service members of the Coast Guard
Navy Federal’s Government Shutdown Loan Program calculates loan amounts based on the amount of the most recent direct deposit of pay made prior to the interruption of pay. Loans have a 0% APR and are available up to a maximum loan amount of $6,000.
If your pay is disrupted, but you don’t meet the eligibility requirements, Navy Federal recommends that you visit a branch or contact them at 1-888-842-6328 to discuss your situation with one of their Member Service Representatives.
Customers Affected by Government Shutdown Should Call Chase If They Need Help with Their Loans
Chase encouraged customers affected by the U.S. government shutdown to call if they need help with their Chase mortgages, credit card accounts or car loans. Customers can find out about Chase’s hardship programs by calling the special care line at 1-888-356-0023.
Chase offers hardship programs to customers broadly who have been affected by unemployment, financial strain or natural disasters, including potentially:
- Waiving or refunding late fees
- Extending payments on car loans and leases
- Protecting customers’ credit histories
Government Shutdown Assistance
The bank will work with individuals and business banking customers whose income is disrupted as a result of the shutdown. Customers should call 1-800-TO-WELLS, or the number on their credit card, debit card or statement for assistance, or visit any Wells Fargo branch.
In addition, Wells Fargo mortgage, loan, and credit customers may qualify for forbearance or other payment assistance programs based on their individual circumstances. Click here for specific services available and contact numbers.
Bank of America
Bank of America Contacts Clients Affected by Government Shutdown
“Our Client Assistance Program is available to individuals affected by the shutdown for personalized financial assistance, tailored to their specific situation and financial needs.”
The bank has set up a priority assistance phone line that clients can contact at 844.219.0690. For personalized assistance, they also can schedule an appointment to meet with a specialist.
Part of the Food Bank Network connecting its partners and neighbors in need with healthy food. The Food Bank Network creates links to the CAFB’s network of food assistance partners and programs while providing real time access to services such as affordable housing and job training. Click here for searchable database for food assistance and other necessities.