We understand that, due to the current government furlough, some members may be facing unusual financial stress at this time. At Heart of Louisiana Credit Union, we take our members needs to heart. We’ve created a few options that, hopefully, can help relieve some of these current burdens. To take advantage of any (or all) of the options listed below, simply provide proof of existing employment with an agency currently on furlough to get started!
Waive Withdrawal Penalties: If you need early access to any funds you’ve set aside in special savings, you may withdraw your money and we’ll waive the early withdrawal fee / penalty! To take advantage of this offer, complete this Early Withdrawal Form and include proof of your existing furlough status.
Skip-A-Payment(s): You may qualify to skip your January payment on your Heart of Louisiana Credit Union loan(s). If the furlough continues into February, you may still skip a February payment as well. NOTE: Interest will continue to accrue on your account. To take advantage of this offer, complete this special Skip A Payment Form and include proof of your existing furlough status.
Furlough Loans: Heart of Louisiana Credit Union has created a special short term/ reduced interest rate Furlough loan for our current members not receiving a paycheck as a result of this government shutdown.
· Receive up to the equivalent of one month’s net salary
· 60 day deferred payment
· Up to 12 months to repay the loan
· A flat interest rate of 2.99% APR for this special loan
If you can benefit from any of the above options and have any questions, please contact us at 318.619.1900. Thank you for being part of our credit union family!