At Aerospace Federal Credit Union (AFCU), our mission is your financial success. We want you to know that we are here to help you through this coronavirus (COVID-19) public health crisis. The safety and soundness of AFCU continues to be steadfast, fortified by a strong capital position and solid business practices. We take the responsibility of your finances extremely seriously and have confidence that the AFCU is a safe and secure place for you to save and borrow today and well into the future.
Since our charter in 1961, there have been many ups and downs in the economy and affronts to our way of life, but one thing has remained constant – the AFCU has remained a safe harbor for members to weather the storms. We believe this health emergency and resulting economic upheaval, although unprecedented, will be no different.
If you’ve been impacted by COVID-19 and need financial assistance, we’re here to help. We understand that the situation you are in may be out of your control and our staff is ready to discuss and provide solutions that may be available to you. Some ways we are prepared to help include:
Loan Assistance - Understanding that this health emergency can strain your budget, we are prepared to work with you to make your current AFCU loan payments more affordable, which may include deferring your payments for a period of time.
Emergency Loans - This loan provides an affordable way to fill an income gap during this health emergency.
Waiver of Early Withdrawal Penalty - All early withdrawal penalties are waived if your situation requires that you take funds from a share certificate before maturity.
Direct Deposit Advance - Based on your established relationship with AFCU, you may have the option to advance against a future direct deposit at no cost.
In addition to these flexible solutions to address the challenges you may be facing, rest assured that your savings at AFCU are federally insured to [at least] $250,000 by the National Credit Union Administration (NCUA), a federal agency that is backed by the full faith and credit of the United States of America.
For additional information about COVID-19 and how to keep you and your family safe, please view the latest reports from the Centers for Disease Control and Prevention (CDC) at coronavirus.gov.
Sincerely,
Marvin L. Thomas
President/CEO
Aerospace Federal Credit Union