Paycheck Protection Loan
You could qualify for a no-interest loan equal to the amount of your paycheck if your payroll is directly deposited into your PenFed checking account.1
Government Furlough Loan
If your pay is not directly deposited into your PenFed account, upon credit qualification, you could receive a low-interest rate loan.2 The current Interest rate is 7.99% APR.
Skip a Payment
You could receive 1-month skip a payment on qualifying loans3 if you are affected by a furlough. Please call 520-795-7950 or visit a branch to inquire about the Skip a Payment program.
Home Loan Hardship Assistance
Depending on your loan type, we have the following relief options for you:
- Deferring Payments
- Forbearance Plan
- Repayment Plan
- Loan Modification
To discuss hardship assistance options further please contact us at 520-795-7950 or visit a branch for more information.
1Qualifying members who have their pay directly deposited into a Pyramid Federal Credit Union checking account may qualify for an interest-free advance on an Overdraft Line of Credit account equal to their net pay, up to $6,000. Members may request an additional advance for each direct deposit not received during the furlough. Members must provide a copy of the furlough letter to verify they are directly impacted by the shutdown. Advance(s) must be repaid within 10 days of receipt of the direct deposit to ensure the advance remains at 0% interest.
2Available for up to one month’s net pay for a maximum term of 6 months. Interest rate is currently 7.99% APR. Members must qualify for credit under Pyramid Federal Credit Union guidelines. Members must provide a copy of the furlough letter to verify they are directly impacted by the shutdown.
3First Mortgage, Fixed Equity Loans and HELOC loans are not eligible for the Skip a Payment program.