Government 0% APR* Furlough Relief Personal Loan
Supporting our members during the government shutdown
We’re proud to be your credit union - your neighbors, friends, and partners throughout your financial journey. Just as we have for more than 60 years, we’re here for you for whatever life brings your way, including the recent government shutdown that our community is facing.
We understand that times like these can be difficult, especially during a work furlough. To help ease the burden, we’re offering a special 0% APR* loan, designed specifically for members who may be affected by the shutdown.
Take Advantage of Our 0% APR* Furlough Relief Personal Loan
If you’re a member affected by the government shutdown, you may qualify to borrow up to one missed paycheck, capped at $5,000 for each pay period missed at a rate of 0% APR*. The total amount that can be borrowed for this special loan offer is $10,000.
We’re offering a convenient six-month term with your first payment due up to 45 days from loan closing. Qualification and credit approval are required.*
Click the "Apply Online" button, visit a Wellby branch, or give us a call at (281) 488-7070 to apply.
Need More Assistance?
We understand that every situation is unique. That's why, apart from the Furlough Relief Loan, members may also be eligible for our Defer A Payment (DAP) program.
Members in furloughed status may qualify for a DAP, even if they received one in the last six months, provided their loans were in good standing before the furlough. Documentation is required to validate furloughed status, and only vehicle loans, credit cards, and personal loans are eligible. Mortgages, home equity loans/lines, promotional loans, single-payment CD loans, and rework loans do not qualify.
In times of uncertainty, it's the strength of community and the support we offer one another that get us through. At Wellby Financial, we're always here for you—every step of the way.
This offer applies to current Wellby Financial members only.
*Loan amount is based on missed paychecks by the member during the furlough period of the government shutdown and not to exceed $5,000 per missed paycheck with a maximum loan amount of $10,000. Total loan amount subject to credit approval and previously deposited payroll amounts. Certain credit criteria and restrictions apply. The loan term is 6 months at 0% APR. Terms of repayment: A $5,000.00 loan with a 6-month term at 0% APR equals a $833.30 monthly payment. First payment is due within 45 days of loan closing. If a balance remains after the 6-month term, the member must apply to refinance the loan into a regular personal loan at the rate available at that time. Members can apply online or with a Wellby team member by visiting a Wellby branch or giving us a call at (281) 488-7070. Members must provide a copy of the furlough letter to verify they are directly impacted by the shutdown. Proof of income may be required. Rates subject to change.
Members may qualify for additional assistance through our Defer A Payment (DAP) program and can request a DAP using this form, or by speaking with a Wellby team member at a Wellby branch. You may also give us a call at (281) 488-7070. Only auto loans and personal loans are eligible for the DAP.
*APR = Annual Percentage Rate. Rates as low as 8.99% APR. Available term limits up to 120 months. Payment example: A 48-month loan of $10,000.00 at a fixed 8.99% APR will have 119 monthly payments of $248.81, and a final payment of $248.30. The minimum approved loan amount is $1000; the maximum is $40,000; maximum loan amount per individual not to exceed $40,000.
There are no origination or prepayment penalty fees, but late fees and returned payment fees may be charged when applicable.
This offer is subject to change without notice. Wellby has the right to cancel or change this promotion at any time. Loans are subject to credit approval. Certain credit criteria and restrictions apply. Qualifying rates may be based on a combination of your credit score, the term you select, collateral, and other normal lending criteria. Rates subject to change without notice.
JSC Federal Credit Union does business as Wellby Financial ("Wellby Financial" or "Wellby"). By doing business with Wellby Financial, you acknowledge that you are doing business with JSC Federal Credit Union. This offer is subject to membership eligibility. You are eligible if you live, work, worship, attend school, or do business in the Greater Houston Metro or Galveston area. You can also join Wellby if you are an employee or member of one of the 2,000+ companies, organizations, churches, homeowners’ associations, or areas of community service in our field of membership or are an American Consumer Council member. You may also be eligible to join if you are an immediate family member or live in the same household as a current Wellby member.