If you’ve been furloughed due to the government shutdown, Northwest Federal is here to help with a Furlough Relief line of credit to help you cover expenses. This special line of credit is available for up to $10,000 at an introductory 0% APR* for 90 days. After 90 days, it will convert to 7.00% APR for the life of the balance.
Here’s what you’ll need to secure a Furlough Relief line of credit:
- Be or become a Northwest Federal member;
- Provide loan officer with a copy of your paystub and furlough paperwork;
- Set up loan payments via preauthorized transfer.
- Apply online
- Contact our Member Service Center: 703-709-8900 (844-709-8900 toll-free).
APR= Annual Percentage Rate. Furlough Relief line of credit is available to NWFCU members with valid proof of furlough. Line of credit amount is determined based on monthly income as shown on paystub (line of credit amount will not exceed one month income or $10,000, whichever is less). Rate is introductory 0% APR for 90 days. After 90 days, the interest rate will convert to 7.00% APR until balance is paid in full. After 90 days, the credit limit will be reduced to zero. Loan payments must be made via preauthorized transfer. This offer is for a limited time only and is subject to change without notice.