Relief Options for Federal Employees
At Teachers Federal Credit Union, we understand that the federal government shutdown may cause uncertainty and financial stress to our members. As your trusted financial partner, we remain steadfast in our commitment to supporting you through this time.
If you are a furloughed government employee seeking assistance, please reach out to us. Teachers has designed solutions to provide temporary relief along with flexible options for your individual circumstances.
Available Relief Options
- Consumer Loans: Impacted members may be eligible to receive extensions of up to 90 days on loans.
- Personal Line of Credit / Home Equity Line of Credit: Impacted members may be eligible to receive extensions up to 90 days. The payments due during the forbearance period will be for accrued interest only.
- Teachers Credit Cards: Impacted members may be eligible to request to skip one payment.
- Mortgages & Home Equity Loans: Extensions or forbearance plans may be available for impacted members.
- Short-Term Personal Loan: Impacted members may be eligible to apply for a loan for up to $5,000 at 6.99% APR*, with a 24-month term and no payments for the first 90 days. Standard credit qualifications apply.
Next Steps
To get started, please complete the form below. A Teachers financial expert will contact you within 1-2 business days to discuss potential options.