Government Employee Assistance Program
Our main Goal is to assist those government employees and contractors who are impacted by a shutdown or interruption in pay. We are here to help through this crisis. Current members as of September 30, 2013, can qualify for the following:
Interest Free Loan
Furloughed members have 2 loan options:
1. A 60-day 0% APR interest rate loan in an amount equal to your last deposited paycheck up to $6000. If the loan is not repaid within 60 days, the rate will convert to your qualifying interest rate and term.
FAA Credit Union will refund up to $100 in overdraft fees per impacted member through December 31, 2013.
FREE Skip a Payment
Furloughed members will be allowed to skip up to two monthly loan payments per loan* and we will waive the $40 skip a payment fee. (Example: A member with a FAA CU auto loan and signature loan may choose to skip a payment on each loan for two consecutive months) *Excluding mortgage loans and lines of credit
Early Withdrawal of Certificates of Deposit
Impacted members may withdraw money from their CD and we will waive the early withdrawal penalty.
FREE Credit Counseling
FAA Credit Union will provide credit counseling for all members at no cost to the member through Accel Financial counseling. Call 1-877-332-2235 to take advantage of this service.
As always, we are here to serve you, our member. Call us today at 405-682-1990 or 800-448-1990.
To qualify for the Government Employee Assistance Program, you must be a current FAA CU member as of September 30, 2013. FAA Credit Union reserves the right to discontinue the Government Employee Assistance Program at any time. FAA Credit Union reserves the right to discontinue the Government Employee Assistance Program at any time. Government employees and contract employees who are impacted with a reduction of pay are eligible for any of the FAA CU’s Government Employee Assistance Offers. Standard credit criteria and underwriting guidelines of FAA Credit Union apply. This program will be offered through October 31, 2013.