RBFCU Helps Members Affected by Government Shutdown
LIVE OAK, Texas (Dec. 26, 2018) — Randolph-Brooks Federal Credit Union will assist its members affected by government shutdown. While we are hopeful our elected officials will find a timely resolution to this issue, RBFCU will remain focused on serving its members working for the federal government.
If lawmakers cannot reach an agreement in a timely manner, RBFCU will offer eligible federal employees a no-interest government shutdown Consumer Relief Loan for 30 days.
RBFCU encourages its members to reach out if they need immediate assistance to help them through the shutdown. To speak to a government shutdown specialist, call an RBFCU representative at 1-800-580-3300, and select option 9. Members may also reach us by chat via Online Banking.
Who is eligible for the government shutdown Consumer Relief Loan?
Members who are federal employees or federal benefits recipients and have an existing direct deposit with RBFCU may be eligible for a Consumer Relief Loan once their normal pay schedule is interrupted. RBFCU is committed to helping its members affected by the shutdown.
What type of relief is being offered?
Affected members will be offered an interest-free loan for a term of 30 days. The interest will increase to 6% APR after 30 days.
Is RBFCU offering assistance to business owners affected by the shutdown?
RBFCU is prepared to help all members, including business owners. Business member assistance will be offered on a case-by-case basis. Affected members are asked to contact a government shutdown specialist at 1-800-580-3300, and select option 9.
Will my credit be pulled if I am eligible for a Consumer Relief Loan?
RBFCU will not pull credit for members eligible for the loan.
The following terms and conditions apply to this Consumer Relief Loan: You must have an established history of federal payroll direct deposit with RBFCU and recently been impacted by the government shutdown. The Consumer Relief Loan will be based on your federal payroll direct deposit history and may be subject to approval. This 12-month loan will be available at a rate of 0% APR for the first 30 days, and will increase to 6% APR after 30 days for the remainder of the loan. Prior to the funding of your loan, you will receive additional disclosures. Please review them before accepting the loan.