Wednesday, July 27, 2011

Debt Ceiling Crisis: How Pen Air Will Help Those Affected

In response to the possible Debt Ceiling Crisis, Pen Air Federal Credit Union will offer its military and civil service member-owners with direct deposit, a 6-month, no-interest loan up to the full amount of their paycheck. This loan also applies to member-owners with direct deposit from government agencies such as Social Security.

“We are ready to help,” said Pen Air President/CEO Ron Fields. “To help give our members some financial piece of mind.”

If they are affected by the Debt Ceiling Crisis, member-owners should simply stop by their nearby Pen Air branch or call (850) 505-3200 to make loan arrangements. Pen Air FCU will also assist non-members with a personal loan up to the amount of their paycheck for a term of six months. The interest rate will be based off of the person’s credit worthiness. Member-owners with existing Pen Air loans can contact the credit union to arrange for payment options.

“If you, or someone you know, become affected by this crisis, we urge you to come in,” Fields said. “We will work something out.”

Click here for more options and ways that we can help.

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