In the event of a government shutdown, JetStream Federal has got you covered with a special Federal Furlough Relief Loan that will be offered to our federally employed members.
Our Furlough Relief Loan will feature a 60 day no interest, no payment loan to qualifying* members. At the expiration of the 60 day period, if the member elects not to pay the loan in full, the remaining balance will convert to a Fixed/Closed End Signature Loan, with a repayment period set at 12 months.
The amount of the loan will be granted by calculating the lesser of the member’s monthly gross income or a maximum of $2,000. This loan will be available to all members who qualify**:
- 0% interest rate for 60 days
- First payment waived for 60 days
- 8.99% Annual Percentage Rate
- Up to 12 months to repay
- No application fee
Contact a Member Relationship Manager today at (305) 821-7060 to see how we can help you! JetStream Federal… where people matter most!
*Proof of furlough will be required for program
**Loan approval is subject to JetStream Federal Credit Union’s standard underwriting guidelines.