Hawaii State FCU offers assistance programs to members affected by federal government shutdown
No-interest loans available to help impacted members
HONOLULU, HI (January 15, 2019) — Hawaii State Federal Credit Union (Hawaii State FCU), Hawaii’s largest credit union lender with more than 106,000 members on Oahu and Maui, has announced assistance programs for federal government employees and non-federal government employees affected by the shutdown.
The Hawaii State FCU Government Shutdown Assistance Program includes:
– Emergency Personal Loans of up to $5,000 with no interest or payment required for the first three months of a 27-month term.
– Loan Payment Deferrals of up to three months on existing personal and auto loans. Late fees will be waived.
– Term Share Early Withdrawals of share certificates. The minimum withdrawal is $500 and early closing fees will be waived.
“At Hawaii State FCU, our guiding principal is to do what’s good for our members, and right now there is an immediate need to help those members that are personally affected by the government shutdown,” said Andrew Rosen, president and CEO of Hawaii State FCU. “We hope our assistance programs will help provide some form of financial security during this time of uncertainty.”
To qualify, individuals must have been a member of the Hawaii State FCU as of Dec. 22, 2018. Federal government employees most show proof of employment with paystubs dated Dec. 22, 2018, or later. Non-federal government employees must have a letter from their employer stating there’s a payroll reduction due to the federal government shutdown, sequential paystubs to evidence income before and after furlough, and a statement from the member stating that their income has been reduced due to the federal government shutdown.
For more information on Hawaii State FCU’s Government Shutdown Assistance program, members can visitwww.HawaiiStateFCU.com, visit a branch or call (808) 587-2700.
About Hawaii State Federal Credit Union
Hawaii State Federal Credit Union (Hawaii State FCU) was founded in 1936. Serving state, city and county employees as well as non-profits and select businesses and their families across the state, Hawaii State FCU has more than 125,000 members and $2.3 billion in assets. Hawaii State FCU provides financial advising, checking, savings and loan services on Oahu and Maui. For more information, visit www.HawaiiStateFCU.com.