Shutdown Relief Loan

In keeping with our commitment to people helping people, Coast Central is introducing a temporary loan program – Shutdown Relief Loan – to provide financial relief for federal employees affected by the government shutdown that began October 1.

Product Highlights:

  • Purpose: Short-term financial assistance for impacted federal employees
  • Maximum Loan Amount: Up to two times the borrower’s regular net monthly federal income (verified via pay stub or direct deposit)
  • Term: Up to 36 months
  • Rate: Average WSJ Prime
  • Minimum Credit Score: 610
  • Payment Grace Period: Up to 90 days before the first payment is due
  • Documentation Fee: $50 fee waived

All inquiries and applications should be directed to Consumer Loan Department, ext. 1365 or memberloans@coastccu.org.

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