Relief Options
We know the ongoing government shutdown has created challenges for many, and we want you to know you’re not alone. If you’re experiencing financial challenges, we’re here to help. Whether that means bridging a gap in your income or skipping a loan payment. Our goal is to give you peace of mind and financial security during this time.
Government Shutdown Relief
If you’re a government employee and currently impacted by the shutdown, we have two options that can support you:
4.99% APR1 Personal Loan
Enjoy a low rate option and a bit of relief with a loan equal to one month salary with a maximum amount of $7,500.
No payments are required for the first 90 days.
Skip-A-Payment2
To take advantage of one free Skip-A-Pay on an eligible loan payment please contact us via the options below.
Whether you need a hand with your application or just want to explore your options, we are here for you.
1. Annual Percentage Rate (APR). 4.99% APR for the life of the loan. $7,500 maximum. Maximum 18-month term. Monthly payment on a $7,500 loan at 4.99% APR for a 18-month term, deferred for 90 days would be $436.79. Rates, terms and conditions are subject to change without notice. Interest accrual begins immediately once funded and will continue to accrue each month during deferment. Deferred payment may not exceed 90 days. Relationship requirements apply. Limited time offer available for federal government employees. Insured by NCUA.
2. By completing a Skip-A-Payment you are requesting Honor Credit Union to advance the loan due date equal to one month’s payment. You understand that the current balance of the loan is extended by the amount of the payment skipped and that interest will continue to accrue on your loan balance throughout the deferred payment period, which may further extend the term of your loan. If there is more than one borrower on a loan, only one borrower is required to authorize a Skip-A-Payment request. Using Skip-A-Payment on an auto loan may impact your GAP (Guaranteed Asset Protection) benefit if applicable. Please note that GAP coverage only allows for one skip payment for the life of the loan. If GAP was purchased at the dealership, these restrictions could differ. Federal government employees are eligible for one complimentary Skip-A-Payment. For more information on your GAP coverage, please give us a call at 800.442.2800.