Valley Strong Credit Union announced the initiation of Special Assistance Resources for Federal Employees who have been impacted by the current government shutdown. The program is for affected Members and includes Paycheck Assistance Loans, Mortgage Hardship Assistance, and Skip-a-Payment Eligibility on auto, credit cards, or personal loans through Valley Strong.
These resources were developed to support individuals affected by a government shutdown and may be activated by the Credit Union as circumstances require. The Paycheck Assistance Loans are offered with the following terms (all borrowers are subject to qualification, underwriting approval, lender terms and conditions):
- 0% APR
- Loan up to $6,000; repaid in two equal payments due at 60 and 90 days from loan funding
- Must be a current Valley Strong Member
“At Valley Strong, we recognize the urgent financial challenges some of our Members face during a government shutdown,” said Nick Ambrosini, President and CEO. “Our Federal Employee Assistance Resources are designed to provide reassurance and support, offering relief options such as 0% interest loans and deferred payments to help our Members bridge the gap in uncertain times. We remain committed to standing by the communities we serve, ensuring they have access to the resources they need.”
For our valued Business Members, if your revenue sources have been impacted by the government shutdown, and you need assistance with your current Valley Strong business loan, please contact (800) 221-3311 and select option 5 for Business Banking Services.