Financial assistance programs offered to CoastHills members during government shutdown
Credit Union to provide temporary relief for members who are furloughed or working without pay
LOMPOC, CA (January 14, 2019) — CoastHills Credit Union is offering financial assistance programs for any of its existing members who are adversely affected by the Government shutdown. CoastHills, formerly Vandenberg Federal Credit Union, has been serving Vandenberg Air Force Base-affiliated personnel for 60 years.
With the shutdown affecting federal employees who have been furloughed or working without pay since December 21, 2018, CoastHills wanted to play a lead role in providing temporary support for their members in need.
The assistance programs offered to its members include the opportunity to skip any existing, non-mortgage consumer loan payment for up to two months. Additionally, members can apply for an interest free line of credit that is a portion of their monthly income.
CoastHills also offers the option of refinancing an existing, non-mortgage loan held at another financial entity, with a grace period before the first loan payment is due on the refinanced loan with CoastHills.
“Our programs can provide critical, immediate support at a time when our member-owners can trust us to step in and help,” said Paul Cook, CoastHills President/CEO. “This is what credit unions do.”
To find out more information on the available programs, any CoastHills member can contact the Credit Union directly by visiting any of their 11 branches, or by calling the Support Center at (800)262-4488.
About CoastHills Credit Union
CoastHills is a not-for-profit Credit Union serving more than 70,000 members in Santa Barbara, San Luis Obispo, Monterey, Ventura and Santa Cruz counties. Founded in 1958 to primarily serve military and civilian personnel at Vandenberg Air Force Base, CoastHills now serves the entire community with 11 branches and a locally staffed full-service call center. With assets of more than $1.3 billion CoastHills is the second largest locally owned financial institution on the Central Coast.