Service Credit Union Ready to Help Those Hurt by Sequestration

Standing by their members during the government sequestration, Service Credit Union will provide the following exclusive assistance for those impacted by furloughs.

New Hampshire’s largest credit union will offer a special 0% APR Sequestration Loan up to $6,000 with repayment over 18 months with no payments for the first 90 days for members with existing direct deposit.

For those without direct deposit or nonmembers who wish to join, they can start direct deposit and take advantage of a special 4.9% APR Sequestration Loan. The loan would be up to $6,000 with repayment over 18 months and no payments for 90 days.

For those members who have been furloughed, they can withdraw from a current certificate of deposit without any penalties. In addition, if they have a current loan with Service Credit Union, they can defer payments for 90 days.

Service Credit Union also provides free financial education assistance to any of their members. Anyone experiencing financial challenges whether it’s from the furlough or other issues, can call a financial counselor at 1.888.456.2227.

Other products and services are available to Service Credit Union members including early pay day, moderate income earners program, ATM rebates and several other programs to help members save money.

“Service Credit Union prides itself on focusing on and successfully serving the U.S. military and all Department of Defense civilian personnel since 1957.  We are pleased to answer the present call for assistance caused by sequestration and are confident that we will be aiding hundreds, if not thousands, of government paid civilians here at home and around the world,” says Gordon Simmons, President/CEO of Service Credit Union. “It will be difficult for many who are furloughed to comply with their financial commitments without some additional aid, which we will provide.”

Service Credit Union understands that these federal government workers will still be employed, but not be paid 20% of their pay. Many will be challenged to meet their financial commitments without some additional aid.  Service Credit Union will make every effort to assist those members affected by the furloughs.

For those who qualify and wish to take advantage of these products and services, they should call 800.936.7730 (U.S.) or 00800.4728.2000 (International) or visit any Service Credit Union branch.

Service Credit Union is a full service financial institution, offering a wide range of financial products to its members.  With 40 branch locations including two staffed 24/7 contact centers, and full internet banking services, Service Credit Union serves anyone who lives or works in New Hampshire (excluding Coos County), 4 towns in Cape Cod, MA., and all branches of the U.S. Military and Department of Defense employees and their families. With over $2.2 billion in assets, Service Credit Union has 22 branches in New Hampshire, one in Massachusetts, and 17 branches on U.S. military bases in Germany.

Submitted by Lori Holmes, assistant vice president of marketing, Service Credit Union, Portsmouth