Government Shutdown Loan
Scott Credit Union is offering help to its members who will not be paid because of the government shutdown.
We are offering a six month, 0.00% APR1 Government Shutdown Loan to members who are government employees, active duty military and civil service and will be without pay during the Government shutdown.
We have developed a loan program that will help our members during this financial hardship:
- Members can borrow up to 100% of their most recent two-week net pay2.
- 0.00% Annual Percentage Rate
- No payments for 30 days
- 6 Month Loan Term
Members will need to have had their government payroll directly deposited into a Scott Credit Union account or provide a current paystub3.
To qualify, you must be a current member of Scott Credit Union in good standing. Members must also be actively employed with the US government.
To apply, call us at 1-800-888-4728 or stop by any of the Scott Credit Union branches. Click here for a list of branches.
1The rate is 0.00% APR. For example, if $1,000 is borrowed and the rate is 0% APR for 6 months, the monthly payment would be $166.67. Other restrictions may apply. Contact us for details.
2The maximum loan amount will be equivalent to that of the last (two-week) net pay within 30 days prior to the request. The loan amount will be reduced by estimated unemployment benefits. Total loan amount per member will be limited to $5,000.
3Paystub must have been issued within the previous 30 days.