Federal Government Shutdown Assistance
Government Shutdown Relief Loan Program
TopMark’s Government Shutdown Relief Loan Program is designed to provide financial relief to qualifying members who experience financial hardship or loss of pay because of the shutdown. Members who are in good standing and are not currently in bankruptcy can qualify for this special loan program.
Eligibility Requirements:
- The member must demonstrate a loss or reduction of income due to the federal government shutdown
(e.g., furlough letter, paystub showing $0 or reduced income). - Eligible member types include:
- Federal government employees (active or furloughed)
- Military personnel impacted by delayed pay
- Federal contractors or support staff
- Household members of the above, if income is materially affected
- Accounts must be in good standing before a relief request
Relief Options:
A. Payment Deferral / Skip-Pay Program
- Up to 90 days of deferred payments.
- Interest will continue to accrue unless otherwise approved.
- No late fees or delinquency reporting during the deferment period.
- Loan maturity date extended accordingly.
B. Emergency Relief Loan
- Loan Amount: $500 – $5,000
- APR: 6.99%
- Term: 6–24 months
- First payment may be deferred up to 60 days, auto pay required
- Minimal underwriting based on pre-shutdown relationship history
How to Apply
By visiting a branch or calling a branch to connect with a team member or to request the application.
*All loans are subject to credit approval. Credit limits are based on creditworthiness, income, and debts. Membership eligibility is required. Federally insured by NCUA.
