TDECU Ready To Assist Members In Event Of Government Shutdown Or Disruption
Liz Perez, GDC
210-223-2772, ext 159
(LAKE JACKSON, TEXAS) – With the looming prospect of the government not having enough money to cover its bills, TDECU is prepared to come to the aid of its members who are government employees or recipients of federal government benefits by offering a special Government Pay Interruption Loan.
Should government operations be disrupted on August 2, TDECU members with direct deposit can obtain TDECU’s special Government Pay Interruption Loan with a 0% interest rate for the first 30 days. After the initial 30-day period, the loan will convert to the current signature loan rate with a repayment term of an additional 11 months. The maximum loan amount will be equal to the amount of one net paycheck.
“It is our commitment to stand ready to assist our members should we be needed,” said Stephanie Sherrodd, Executive Vice President and Chief Operating Officer. “We want to give our members peace of mind that their daily lives will not be disrupted if we can help it.”
The Government Pay Interruption Loan will be offered by TDECU only if the government halts operations and until checks are reissued by the government. TDECU members should contact the credit union for eligibility and qualification requirements.
Founded in 1955, TDECU is a not-for-profit financial cooperative with over 140,000 members and more than $1.6 billion in assets. TDECU currently has 23 service locations, including 19 branches, and offers a complete selection of convenient, innovative, and competitive products and services — including savings, checking, certificates of deposit, IRAs, money market accounts, auto and home loans, credit cards, free online banking and bill pay, insurance, investment services, business services, real estate and title services, and much more. Members can also access over 43,000 fee-free ATMs. For more information about TDECU, go online to TDECU.org or call 800.839.1154.