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Emergency Relief: COVID-19
Emergency Relief: COVID-19

We Are Here to Help

If you’re experiencing a hardship caused by COVID-19, please know your Credit Union is here for you. For more than 85 years, we have supported our Members, in good times and challenging ones. Today is no exception.     

Effective immediately, we’re offering financial relief and protection on consumer loans, credit cards, and mortgage and home equity loans you have with SchoolsFirst FCU. There will be no negative impact to your credit for using these programs.

Additionally, we’re also waiving early withdrawal penalties on withdrawals you make from a share certificate before the maturity date. You may also qualify to waive overdraft and late fees.

Please scroll down for details on these programs.

Consumer Loans and Credit Cards

 

Consumer Loans

Credit Cards

Offered For

Auto, Personal and Other Loans

All Credit Cards

Details

 

  • If you are impacted by COVID-19, you may choose to skip or defer payments up to three months or reduce payments up to 50% for six months
  • During this time interest will continue to accrue
  • You won’t be charged late fees and there won’t be a negative impact on your credit
  • If you are impacted by COVID-19, you may choose to skip payments for up to two months
  • During this time interest will continue to accrue
  • You won’t be charged late fees* and there won’t be a negative impact on your credit

*Other fees and charges outlined in the previously disclosed credit card agreement may apply

How to Request

Log in to Online or Mobile Banking and send us a message in the Message Center, select COVID-19 Help in the dropdown.

You may also call us at 800.462.8328.

We apologize in advance if there is a delay in taking your call or returning your message. Due to the number of Members we are helping, you may experience a longer than usual wait time. Thank you for your understanding.

 

Mortgages and Home Equity Loans

 

90-Day Real Estate Forbearance

60-Day Foreclosure Moratorium

Offered For

Mortgage, Home Equity Loans & Home Equity Lines of Credit

Foreclosures will not be initiated or continued through at least May 31, 2020, unless this date is extended.

Details

 

  • If you are impacted by COVID-19, you can temporarily suspend loan payments for up to 90 days
  • You won’t be charged late fees and there won’t be a negative impact on your credit
  • Interest will continue to accrue during the forbearance period
  • If you are impacted by COVID-19, your foreclosure process will be suspended for 60 days
  • Suspends evictions for 60 days to accommodate stay-at-home orders

How to Request

For help with your first mortgage loan, please call:
866.227.4394

For help with your second mortgage loan or 
home equity line of credit, please call:
800.462.8328, Ext. 8723

Monday – Friday, 7 a.m. to 7 p.m.
Saturday, 9 a.m. to 3 p.m.

We apologize in advance if there is a delay in taking your call. Due to the number of Members we are helping, you may experience a longer than usual wait time. Thank you for your understanding.

 

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TODAY'S RATES
Today's Rates
Auto Loans (New)
as low as 2.69% APR
36-Month New Auto Loan
We offer a range of competitive rates and flexible terms to fit almost every financial situation. Get pre-approved and visit the dealer with your financing in hand.

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Auto Loans (Used)
as low as 2.84% APR
36-Month Used Auto Loan
Whether you’re buying used, or want to refinance a loan from another lender to lower your payment, we can help you find the right solution.

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Mortgage (30-Year)
as low as 3.51% APR
30-Year Fixed Mortgage (Conforming)
If you are primarily interested in a low payment that won’t ever increase, and plan on staying in your home at least five years, a 30-year fixed mortgage may be right for you.

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Credit Card
as low as 8.50% APR
Inspire MasterCard
As with all our credit cards, you'll enjoy our everyday low interest rates, and because we charge no annual, balance transfer, or cash advance fees, you'll save more than with other higher rate cards.

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Summer Saver
as high as 3.25% APY
Exclusively for School Employees
Ensures you'll have sufficient funds to get you through the months you don't receive a paycheck.

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Share Certificate
as high as 1.80% APY
Minimum opening deposit: $500
Rates among the best in the U.S. compared to bank CDs.

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REFER A FRIEND