The Credit Union currently allows 60 days per calendar year for hardship extensions on loans. We are adding an additional 90 days to this policy for a total of 150 days this calendar year. The whole timeframe will not be approved at once, but in increments.
Details: These additional extensions will be approved on a case by case basis. Members must show they are directly impacted financially by COVID-19 in some way to qualify.
This does not just include loss of employment, but can also be applied should any unexpected expenses arise. Normal restrictions and guidelines will apply.
There is no fee for hardship extensions.