About Service Credit Union Press Release
Service Credit Union
3003 Lafayette Road
Portsmouth, NH 03801
P: 603-422-8300
www.servicecu.org
For Immediate Release: September 25, 2013
For More Information: Karen Benedetti, 603-422-7827
Lori Holmes, 603-422-7832
Service Credit Union to provide extensive assistance to members during government shutdown
PORTSMOUTH (September 25, 2013) –Service Credit Union will credit direct deposit for military and DOD GS members affected by the pending government shutdown through its Government Shutdown Guaranteed Pay program.
Service Credit Union’s Government Shutdown Guaranteed Pay program automatically deposits the amount of military or DOD GS pay into the member’s account, based on the last received direct deposit to the credit union.
“At Service Credit Union, we strongly believe that our military – active duty, Guard, Reserve and retirees are most important to us and the safety of our great country. We wish to ensure that they do not encounter any financial hardship, inconvenience and/or financial harm due to the looming government shutdown” says Gordon Simmons, President/CEO of Service Credit Union. “Service Credit Union is honored to support our loyal members with this exclusive government shutdown safety net.”
Those military and DOD GS employees receiving who are affected by the pending government shutdown, and are not members of Service Credit Union can open up an account with direct deposit of their net pay and qualify for future Government Shutdown Guaranteed Pay.
When the member’s DFAS direct deposit is received, the funds Service Credit Union deposited to the member’s account prior to receiving the actual funds will be automatically deducted from the member’s account by Service Credit Union.
Military and DOD GS employees who do not have an account nor are currently sending their direct deposit to Service Credit Union may apply for a low 4.9% “Government Shutdown loan” online, by phone or in branch.
Service Credit Union also offers a Sequestration Program including a 0% loan for those members affected by any furloughs and a continuous Guaranteed Pay program which members enroll in as part of Courtesy Pay.
Service Credit Union is a full service financial institution with nearly 180,000 members worldwide, offering a wide range of financial products to its members. With 41 branch locations including two staffed 24/7 contact centers, and full internet banking services, Service Credit Union serves anyone who lives or works in New Hampshire (excluding Coos County), 4 towns in Cape Cod, MA., and all branches of the U.S. Military and Department of Defense employees and their families. With over $2.3 billion in assets, Service Credit Union has 24 branches in New Hampshire, one in Massachusetts, and 16 branches on U.S. military bases in Germany.