We're Here to Help

During these uncertain times, you can count on us.
Tower is actively monitoring government shutdown negotiations on Capitol Hill. The Federal Employee Assistance Loan and other member assistance options will be available Feb. 9, prior to the first potential pay disruption.

Federal Employee Paycheck Assistance Program

To help members whose paycheck is impacted by the government shutdown, Tower is offering assistance.

Eligibility Requirements

  • Be a Tower Federal Credit Union member in good standing and employed by a federal government agency affected by a government shutdown
  • Must have an active recurring payroll direct deposit of at least $500 into a Tower account, from the Federal Government, with at least one deposit received within 30 days prior to the shutdown
  • Eligible members may receive one loan per missed pay period, up to a maximum of four loans

Loan Terms

  • Maximum loan amount equals the total net direct deposit(s) from a federal government agency into your Tower account(s), not to exceed $6,000
  • Introductory Rate of 0.00% for the first 60 days, after that a 6.00% rate will apply for the remainder of the loan term.*
  • No payments for 60 days, maximum 12-month loan term
  • No credit check

The federal employee assistance loan will be available Feb. 9, prior to the first potential pay disruption.

Steps to Apply

  • Complete the application using the link below
  • If eligible, funds will be deposited into the Tower account where your payroll direct deposit is received

Other Ways We Can Help

Free Financial Counseling
Recover from financial hardships with tips and strategies from certified financial counselors - in partnership with BALANCE.
Financial Guidance
Consult with a licensed financial advisor to take practical steps in maintaining your financial well-being. This service is complimentary for all members.

Message from Tower's President & CEO

Your trust in Tower has been our foundation for over 70 years, and we remain committed to providing stability for you and your family for generations to come. If you're experiencing financial hardship or have concerns during this period, please don't hesitate to contact us - we're here to help.
Richard Stafford
President & CEO

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*
APR = Annual Percentage Rate. Includes a 4.00% discount for enrollment in automatic monthly loan payments. 
Example: Introductory Rate of 0.00% for the first 60 days; after that, a 6.00% rate will apply. The APR is 4.39%. A $6,000 loan repaid over 12 months at a 4.39% APR results in 12 monthly payments of $513.91, beginning 60 days after disbursement. Total of payments is $6,166.91. No prepayment penalty. No application or origination fees apply. Offer available for a limited time and subject to change without notice. Membership eligibility required. Additional terms apply.
Full details in link.