We’re here to help

At MSGCU, we are committed to the credit union philosophy of “people helping people.” If you’ve been financially impacted by Coronavirus (COVID-19), we are here to help with:

  • Coronavirus Relief Loans from $500 to $2,500 at 0% APR* up to 24 months, no payments for 60 days. Log in to apply.
  • Coronavirus Relief Skip-A-Payment which allows you to skip 90 days of payments with no fees.** 
  • Coronavirus Mortgage Relief option which allows you to forbear (delay) payments for 90 days on your MSGCU mortgage. Email the mortgage assistance team or call 866.674.2848 ext. 680 to request help.1
  • Credit increases for your MSGCU credit card limit.2 Log in to apply.
  • Loan extensions allowing you to adjust the terms and payments on many of our consumer loans.3
  • Free financial counseling and budgeting assistance with your trusted MSGCU financial partner.

Additional relief

You don't need to do anything to take advantage of these 90-day fee suspensions4:
 
  • Monthly six-transaction Regulation D limits removed by the Federal Reserve, effective April 24, 20205
  • Regulation D quarterly fee as of March 30, providing the convenience of transferring funds using online banking with the ability to exceed the monthly six-transaction limit
  • ATM fee for members making withdrawals at non-MSGCU ATMs
  • Overdraft transfer fee to allow automatic transfer of funds to cover items without incurring a fee
  • Business checking account fees to assist businesses hit hard by the impacts of COVID-19 

How can we help?

Call us


*APR=Annual Percentage Rate. Coronavirus Relief Loan is eligible for MSGCU members with membership open date of March 1, 2020 or earlier. New money only. Loans subject to credit approval. Contact an MSGCU Representative for details. Example: A loan amount of $2,500.00 with a rate of 0.00% for 24 months would have a monthly payment of approximately $104.17.
** The Coronavirus Relief Skip-A-Pay service excludes all student loans, all Visas, interest-only HELOCs, and first mortgages loans. The equivalent of three consecutive months of payments will be skipped per loan. Skipped payments will extend the term of the loan, will result in increased finance charges, may result in an increase in the loan principal balance, and may reduce the amount of any benefits from disability, life, and/or GAP insurance by the amount of the payment skipped. Contact an MSGCU Representative for details.
The Coronavirus Mortgage Relief program allows a three-month forbearance of mortgage payments. A forbearance is not a forgiveness of payments, it is a delay or postponement of payments. There is no fee to take advantage of this program, however, interest will still accrue during the forbearance period. Once the forbearance period ends, the delayed payments will be due in a single payment, or “lump sum.” Contact a MSGCU Mortgage Representative for details.
Subject to credit approval. Rates may be higher based on credit score. Contact an MSGCU Representative for details.
Loan extensions terms and conditions apply. Contact an MSGCU Repayments Representative for details.
90-day fee suspension is effective March 30, 2020 through June 30, 2020; end date may be extended at discretion of MSGCU.
Limits may resume at discretion of the Federal Reserve.