SAC FCU Offers Sequestration Aid to Members
Bellevue, Nebraska, September 24, 2013 — SAC Federal Credit Union has a plan in place to help members, in good standing, who are facing a decrease in pay due to government furloughs because of the continuation of sequestration reductions. Federal civilian employees could lose up to 20 percent of their annual income due to furloughs. SAC recognizes the difficulty that this will have on its affected members and is ready to help lessen the financial effects of the furloughs.
SAC FCU is committed to the credit union motto of “people helping people.” The Credit Union will offer many tools for financial management to assist members on an individual basis. SAC will provide financial counseling, loan modifications, skip pay options, emergency short term loans, and no penalty for early withdrawal of share certificates.
“Our goal is to serve our members, whatever the situation. We are here for our members and be assured that we will support them during this unfortunate time. We value our members and appreciate the hardship Sequestration is causing.” stated Gail DeBoer, president & CEO of SAC Federal Credit Union.
Each individual situation will be different and members are encouraged to visit any of SAC’s 20 branches so staff can work with them during this disruption.
About the Credit Union
SAC Federal Credit Union is Nebraska’s largest credit union and is locally owned by its members. SAC is recognized for its community involvement. It is community chartered and membership is opened to everyone in Washington, Douglas, Sarpy, Cass and Saunders Counties in Nebraska and Pottawattamie, Mills and Harrison Counties in Iowa. Motivated by member service rather than profit, the credit union’s focus is on providing safety, soundness and convenience to its membership. SAC FCU offers a full line of personal and business financial products including checking, loans, mortgages and online banking. The CU has current assets of over $675 million and a long history of building strong member relationships.