For information, contact:
Vice President of Member Service, SC Telco
Greenville, S.C. – SC Telco Federal Credit Union, a not-for-profit financial cooperative headquartered out of Greenville, S.C., has created a program specifically designed to reach government employees who have lost or delayed income due to the shutdown of the federal government. The short-term relief loan aims to provide relief to any new or existing SC Telco members who are employees of the federal government and who have been directly affected.
Under the program, members can borrow up to 100 percent of their most-recent two-week pay at 0.00% annual percentage rate and with no payments due for 45 days. The loan payments are calculated over a six-month term. This offer will remain available to employees affected by the furlough.
“In hard times like these it is increasingly important for us to come alongside those in our communities who are most affected,” said SC Telco Executive Vice President Brian McKay. “We are honored to be able to do this small thing for those families most in need and most affected by this government shutdown, and hope that it provides some relief to them at this time.”
About SC Telco: SC Telco Federal Credit Union was chartered in 1935 as a not-for-profit financial cooperative, and today has over 60,000 members and $380 million in assets. Headquartered in Greenville, South Carolina, the credit union’s footprint spans the Upstate and Midlands of South Carolina with branches in Greenville, Taylors, Easley, Spartanburg, and Columbia.