Honolulu Federal Credit Union, which was founded in 1936 by Hawaii-based federal employees, is offering a 0.5 percent interest rate on loans up to $5,000 for people furloughed by the partial federal government shutdown.
HOCU members must provide pay stubs and their furlough letter to qualify for the loan, which has a 9-month term, along with an overdraft protection loan.
Loan officers also will work with members on deferring loan payments, which could include interest-only payments.
In a statement, Mark Munemitsu, HOCU’s president and CEO, said “We have always been prepared to help our community during difficult times, offering programs and services to support their livelihood and well-being.”
HFCU’s 16,000 members now come from a long list of federal agencies, including the Department of Defense, Coast Guard, Homeland Security, FBI, Secret Service and Postal Service, among others.
There are four HOCU branches: on South Beretania Street in Moiliili; at the federal building; airport post office; and at Tripler Army Medical Center.
For more information, call 777-LOAN, 777-JOIN or email email@example.com to inquire about joining HOCU.