Shutdown Relief Loan

Must be a member in good standing as of December 22, 2018 (1st day of shutdown)

  • 0% percent
  • Credit check required
  • Term-not to exceed 10 months
  • One relief loan per pay period, (based on net pay)
  • Member must re-apply for each missed paycheck
  • Paycheck stub required for income proof
  • Maximum loan amount up to $2,500.00, per relief loan.
  • Member cannot exceed 3 relief loans, (maximum  number of relief loans is 3 with an aggregate total not to exceed $7500.00)No payment for 60 days

Beacon members that currently have loans that are affected by the shutdown are eligible for an extension.  They will need to apply for each extension separately-not to exceed 3 consecutive extensions.

CU reserves the right to end this Loan type at its discretion.  Loan must be current as of December 22, 2018.