Disaster Relief Program
Financial Relief to Those Impacted by the Baltimore, MD Bridge Collapse
In the wake of the Francis Scott Key Bridge collapse USPS FCU is offering financial assistance for members who have been affected by major disasters. USPS FCU’s Disaster Relief Program offers payment options on existing loans, short-term loans*, financial counseling, and many other personalized solutions to help with expenses associated with an unexpected hardship.
Emergency funds when needed the most:
- Loan amount up to $10,000
- Low interest rate of 4% APR*
- Terms up to 36 months
- No payments for 90 days
Additional Services:
- Up to 90-day payment extensions on your existing USPS FCU loans**
- Waived penalty fees for early withdrawal from club accounts or share certificates
- Free replacement of lost or damaged checks
- Free expedited replacement of VISA® Credit and Debit Cards
As a dedicated community partner, USPS FCU remains committed to ensuring the financial well-being of our members and the communities we all serve. We know we can't change the hardship but we are here and want to help. Contact us at 800-877-7328 for more details, or to apply for assistance.
* APR = Annual Percentage Rate. Member must reside in an affected area that has been declared a major disaster. Member must contact the Credit Union within the first 90 days of the declaration date. Loans are subject to credit approval. No payments are required for the first 90 days of the loan. Max. loan amount is $10,000.00, all applications are subject to credit approval, Disaster Relief loan payments may be deferred for the first 90 days from the date the loan is disbursed. Limit up to $10,000 per member. USPS FCU reserves the right to withdraw or change this offer at any time.
Payment Example: Amount borrowed $10,000; with a 36-month term at 4.00% APR would be approximately $298.00 (example excludes credit insurance).
** Payment extensions can be arranged on existing USPS FCU consumer loans and credit cards. USPS FCU Mortgage loan payments can be extended, but the escrow payments have to remain up to date on real estate taxes and insurance. Interest will continue to accrue. All loan payments must be current in order to qualify for extensions. An extension agreement must be signed, returned, and approved by USPS FCU. Payments made prior to an approved extension will not be reversed. Deferment of loan payments that carry monthly credit insurance premiums may affect your claim benefits. Payments that were previously skipped on a loan with credit insurance may also affect your claim benefits. Contact the Credit Union for further details regarding loans with insurance. USPS FCU reserves the right to withdraw or change this offer at any time.
Withdraws from IRA Share and IRA Certificate accounts may be subject to tax withholding and/or early withdrawal penalties. Please consult a tax professional before considering any type of IRA liquidation.