Routing# 262275835
Redstone Federal Credit Union is adding a zero-interest loan to its offerings for members facing financial difficulties during the federal government shutdown.
The Direct Deposit Advance Loan is at zero-interest rate for the first 60 days, up to $15,000 or their net monthly pay. No payment is due for 60 days. For those needing extra flexibility, Redstone continues to offer Skip-a-Pay on eligible loans at no cost, allowing members to defer a payment for one month.
Redstone has already helped more than 550 members with shutdown assistance loans since the government shut down on Oct. 1. That is a 97.1% increase over the 279 loans issued during the 2018-2019 shutdown.
The initial loan remains available. Members may receive only one of these loans every 30 days. Federal employees and government contractors are eligible to apply.
“Our members are at the heart of everything we do,” said Joe Newberry, Redstone’s President and CEO. “We know this shutdown is creating uncertainty for many families, and we want them to know they are not alone. Redstone is here to provide financial breathing room and personal support to help them through this time.”
In addition to financial relief programs, Redstone’s certified financial counselors are available to meet one-on-one with members. They can help review loan payments, build a budget, and offer personalized guidance to navigate these challenges.
Members can learn more, apply for loans, or connect with a counselor by visiting www.redfcu.org/assistance or contacting their local branch.
About Redstone Federal Credit Union
With more than 647,400 members, Redstone Federal Credit Union is one of the largest credit unions in the nation. Headquartered in Huntsville, Alabama, Redstone is dedicated to helping members, their families, and communities achieve their financial dreams. Learn more at redfcu.org.
Are you ready to join the credit union that puts you first? Become a member of the Redstone family and you’ll start enjoying the great rates, personalized financial advice, and excellent customer service Redstone is known for.