With the federal government shutdown continuing with no immediate end in sight, your Credit Union stands ready to assist those affected members with loan assistance and other options. If you are a federal employee who has been impacted by this situation, SF Police Credit Union has the following customized options available:
Apply for a Shutdown Loan
Federal employees who have been a member of SFPCU for at least 12 months are eligible to apply for a low interest rate shutdown loan of 3% APR* for loans up to $7,500.00, up to a maximum of a 36 month term.
||36 months maximum
To apply, please contact SFPCU at 800.222.1391 or visit us at any of our branch locations.
Additional Assistance Options
Most existing loan payments and credit card payments can be deferred through March 15, 2019. Contact us at 800.222.1391 for more information.
If you are a member that has current loans with SFPCU and opted for payment protection coverage that includes involuntary unemployment protection, please allow us to file a claim on your behalf. Each claim will be reviewed based on contractual language to determine eligibility.
We have many other non-loan related options and are ready to assist you during this uncertain time. Give us a call at 800.222.1391 and let us know how we can help you today.
*APR = Annual Percentage Rate. Example rate of 3% Annual Percentage Rate (APR) with 36 monthly payments = $29.08 per $1,000 borrowed. To qualify for this loan you must be a current member in good standing with proof of income (either via direct deposit from the federal government into an SFPCU account or recent federal pay stub, no older than 30 days). Shutdown notice required. Rate, terms, and conditions of the Shutdown Loan are subject to change and this loan can be discontinued without notice.