Down East Credit Union
 

DECU Offers Help During Government Shutdown

Date: January 3, 2019

Down East Credit Union is offering financial assistance to our military and federally employed members facing potential financial hardships during the government shutdown.

In December, nearly 800,000 people were notified they would no longer be receiving regularly scheduled paychecks as part of the U.S. Government shutdown, until further notice. Their human resources department, The Office of Personnel Management, advised government employees to reach out to creditors for financial assistance.

"Recognizing the significant burden this places on a portion of our members at Down East CU, we are designing programs to help those affected and their families," states DECU Vice President of Lending, Tonia Lanier, CCUE, CCUFC, CLE. "DECU is offering free financial counseling, waiving early withdrawal fees on certificates, and providing no interest payroll advances to give our members peace of mind."

With proof of government employment or retirement with a December 2018 paystub, DECU members may be eligible to:

  • schedule a free personalized financial assessment with one of DECU's Certified Credit Union Financial Counselors
  • access money saved in Share Certificates with the early withdrawal penalty waived,
  • apply for a short-term, no interest payroll advance,
  • apply for low rate, longer-term Furlough Loans,
  • Skip-a-Payment on eligible installment loans (auto loans, personal loans, recreational loans)*

Additionally, Lanier suggests taking a look at your current interest rates on current loans, savings rates and insurance products. Now may be a good time to save money by:

"At Down East Credit Union, we live by the 'people helping people' philosophy and do all we can to tailor our services to meet our members' needs," adds Lanier.

DECU members who are affected by the government shutdown should call 1-800-427-1223 for assistance.

*All items subject to approval. Terms and conditions may change at any time. Equal Housing Opportunity. Federally Insured by NCUA.

 

Down East Credit Union ~ 1-800-427-1223 ~ Routing Number: 211288996

 
NCUA and Equal Housing Lender

Down East Credit Union is a Maine Credit Union Serving Washington, Waldo, Hancock, Penobscot, Lincoln,
Kennebec, Sagadahoc, and Knox Counties, and the towns of Brunswick and Harpswell in Cumberland County.
Branch offices are located in Baileyville, Machias, Belfast, Unity, Bangor, Calais, Richmond, and Topsham.

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