How Tower can help you.
If you are a federal employee or government contractor and concerned about the impact of federal government automatic spending cuts and possible furloughs, Tower is here to assist you.
If you need financial assistance, Tower offers a special loan program.
- 7% fixed-rate APR
- Terms up to 60 months
- Loan amounts up to $10,000 (single) or $20,000 (joint)
It is important to plan now for any interruption in your normal payroll direct deposit to your Tower accounts. You may need to change some or all of the previous financial arrangements you have made—such as automatic transfers, payments, allocations or debits from your accounts. Tower will continue to process automatic payments and transfers normally. Please contact the Member Service Center or visit a branch to make other arrangements to cover these transfers or allocations to avoid account overdrafts.
- If you have scheduled recurring automatic payroll transfers or allocations from your Tower account that receives direct deposit to another Tower deposit or loan account, these will occur as usual, as long as funds are available.
- If you have set up automatic debits from outside companies, or scheduled automatic transfers to other companies from your Tower accounts, these will also occur as usual, as long as funds are in your accounts.
- If you are a Home Banking user and your bills are paid automatically through online Bill Payment, or if you have set up scheduled recurring transfers to other Tower accounts in Home Banking, these payments will continue to be made, as long as funds are available.
Tower is here for you during federal government sequestration.
If you have any questions, call the Member Service Center at 301-497-7000 or 800-787-8328. Talk to a Member Service Representative about your options for receiving loan assistance, making loan payments, covering costs of living expenses, and other financial needs. Or, contact us using E-mail Manager.
If you prefer, stop in to your nearest Tower branch and talk to a Member Service Representative.