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Andrews Federal Credit Union is waiving penalty fees, providing loans, extensions and deferred payments for members that are struggling financially during the COVID-19 pandemnic.
Some members of the Suitland-based financial institution may even qualify for a Relief Assistance Loan, which allows members to borrow up to $5,000 at 0% APR during the first 90 days.
Members with existing loans may skip up to two consecutive months of payments without incurring a fee or penalty. Plus, the credit union’s all-new digital banking platform allows its members to complete transactions without ever having to leave the house. And, for its members that want to speak to a human, the Andrews Federal call center remains open 24/7.
Andrews Federal is also taking steps to avoid the spread of germs when it comes to banking at ATMs and through drive-thrus. They are sanitizing employee and member contact points hourly and offering hand sanitizer.
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