We understand that as Federal government workers, many of our members may not get paid during the shutdown. If you are facing any financial hardship as a result of the shutdown, we want you to know that Meriwest is here to help. Here are some assistance programs to help make life a little easier for our furloughed members.1
1: A member’s “furloughed status” must be confirmed through proper documentation for a member to be qualified for pricing/fee concessions. Meriwest Membership must have been in effect as of January 1, 2019.
2: Only two Skip-a-Pays per loan in a calendar year, the minimum of 120 days (4 months) between the Skip-A-Pay will also be waived. Cannot be combined with any other offer. Skip-a-Pay does not apply to first mortgages, Community Advantage, Certificate Pledge, Workout, interest-only stock, and interest-only HELOC loans, or Loans to Minors. Finance charges will continue to accrue on your loan account(s) during the month you use Skip-a-Pay. Your regularly scheduled payment will resume the month after your skipped payment. Membership must be in good standing. All loans must be current in order to be eligible for skipping a payment. Loan must be at least six (6) months old and have been in good standing for the previous six (6) months. You must meet all Meriwest qualifications. Other restrictions may apply. If appropriate identification of furloughed status is not provided, a standard $35 processing fee per loan will apply. This service fee has the equivalent effect of changing your Annual Percentage Rate for the month of the skipped payment only.
3: APR is Annual Percentage Rate. Certain restrictions apply.