LAKE JACKSON, Texas--(BUSINESS WIRE)--In the midst of the government shutdown, TDECU is answering the call and offering several loan solutions to help members who are federal government employees and are being affected by the hiatus.
The solutions include:
- TDECU credit card with zero percent interest for six months
- Loan extension for non-mortgage consumer loans
- Government Pay Interruption Loan
TDECU members who receive direct deposits from the federal government and who are being affected by the government shutdown can obtain the credit union’s special Government Pay Interruption Loan with a 0% interest rate for the first 30 days. After the initial 30-day period, the loan will convert to the current signature loan rate with a repayment term of an additional 11 months. The maximum loan amount will be equal to the amount of one net paycheck.
TDECU members should contact the credit union for eligibility and qualification requirements as well as help in determining which solution is best for them.
Founded in 1955, TDECU is a not-for-profit financial cooperative with over 178,000 members and more than $2 billion in assets. TDECU currently has 32 service locations, including 25 branches, and offers a complete selection of convenient, innovative, and competitive products and services, including a full suite of deposit products as well as mortgage, auto and personal loan products, online and mobile banking. TDECU also offers, through its subsidiaries, retirement planning and wealth management, personal and business insurance products, and full title and realty services. Members can also access a nationwide network of over 50,000 surcharge-free ATMs. For more information visit TDECU.org or call 800.839.1154.