HANSCOM AFB, Mass.--(EON: Enhanced Online News)--Hanscom Federal Credit Union, which serves federal employees in Massachusetts, stands ready to offer assistance to its members during the federal government shutdown.
“We have supported our members affected by furloughs over the summer, and we continue to be here for members”
Members whose paychecks are affected by the government funding gap have access to a 0% Annual Percentage Rate interest line of credit for 60 days, equal to one month’s net payroll up to $5,000. Dubbed the Life Line Loan, this interest-free loan is attached to a member’s checking account to provide additional funds to cover checks, ATM withdrawals, and debit card purchases.
In addition, Hanscom FCU will waive penalties for premature withdrawals on term share certificates held by affected members.
Hanscom FCU also provides free and confidential financial counseling and education through BALANCE Financial Fitness. Members can schedule a one-on-one phone session with a certified financial counselor for help with budgeting, managing credit, and assessing their finances.
“We have supported our members affected by furloughs over the summer, and we continue to be here for members,” stated Paul Marotta, Chairman of the Board. “We are true to our roots and the credit union motto “People Helping People.”
For details on these programs, call 800-656-4328, visit www.hfcu.org/lifeline, or visit any branch.
Hanscom Federal Credit Union, headquartered at Hanscom Air Force Base, Mass., serves 51,020 members across the country and overseas through 16 branches, over 100,000 service centers and surcharge-free ATMs, 24-hour telephone service and a web-based branch. The credit union holds $1 billion in assets.
Hanscom FCU offers members an array of products and services, including free checking and savings accounts, consumer loans and credit cards, investment and insurance services, and mortgages for primary, secondary, and investment properties.