Coronavirus (COVID-19) Relief Assistance
Members affected by the coronavirus can turn to us for assistance during this difficult time.Call us
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:
*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.
1 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.
2 Subject to credit approval. Rates may be higher based on credit score. Contact an MSGCU Representative for details.
3 Loan extensions terms and conditions apply. Contact an MSGCU Repayments Representative for details.
4 90-day fee suspension is effective March 30, 2020 through June 30, 2020; end date may be extended at discretion of MSGCU.
5 Limits may resume at discretion of the Federal Reserve.
Members and communities are at the center of everything that we do. You have goals to reach and dreams to achieve, and we are here to help you prosper.