Have You Been Financially Impacted by the Coronavirus?
If your financial situation changes as a result of the coronavirus event, we are here to help. We have several options to help you get through this challenging period including emergency loans1, deferred loan payments and Skip-a-Pay.2
- Emergency loans with two months of no payment: Emergency loans of $2,000 at 2% APR with terms of two years are available for those who need immediate assistance. We can have it available on the same day you request, and you may choose to defer the first two months’ payments. Apply online at www.ppcu.org.
- Skip-a-Pay for ALL loans with no fees: You can skip your payments for all loans for the next three months (April, May and June) – including Visa® cards and Lines of Credit. We will waive the $40 skip fee and any late fees. To skip your payments, log in to your account online and select the Skip-a-Pay option. You must log in and request the Skip-a-Pay during each month that you need to skip a payment.
- Skip your mortgage payments as well: Contact us to skip your mortgage payments for the next three months (April, May and June).
- Monthly loan payment adjustments: We can temporarily lower your monthly payment as well as forgo any late payment fees. Talk to our loan department to learn more.
- Free withdrawals from CD accounts: If you need to access the money you’ve invested in a Certificate of Deposit, we are waiving all early withdrawal fees.
- Fee waivers for overdraft and NSF fees: Contact us and we will waive up to three occurrences per month for overdraft and NSF fees
If you’re unsure about what to do, please talk to us. We will work with you to figure out the best options for your specific situation. Call our loan department at 800.696.6009 option 2 and we'll get you started.
1 APR=Annual Percentage Rate. Restrictions apply. Emergency loan is available through May 31, 2020.
2 Offer is subject to final approval by Pacific Postal Credit Union. Skip-A-Pay offer applies to loans in good standing. Other qualifications apply. If loan is held jointly, all owners must agree. Finance charges will continue to accrue on a daily basis at the Annual Percentage Rate set forth in the loan agreement, both during and after the deferral period. This means it will result in higher total finance charges and possibly a higher total number of payments than if made as originally scheduled. Therefore, extra payment(s) may/will have to be made after the loan would otherwise have been paid off. In all other respects, the provisions of the original agreement remain in full force and effect. Regularly scheduled payments will resume with the payment due during the month following the deferral. This may affect GAP coverage on your loan.