Loan Relief Assistance
If you're experiencing a hardship as a result of the COVID-19 virus pandemic, there are ways we can assist you. Each member's situation is unique and we have different options available to help you through this crisis. Our members total well-being is our top priority today and everyday. We are experiencing high call volumes and ask that members contact us online first. It will help us assist you more efficiently.
Consumer Loans and Credit Cards
If you are having difficulty making your consumer loan or credit card payment, please download and complete our skip payment application. You can securely upload your completed application below or email it Servicing@scucu.com or CollectionsDept@scucu.com. Please be advised that we are experiencing a high volume of applications and appreciate your patience while we process your request. If you do not hear back from us immediately, please do not worry.
Home Loans
If you are having difficulty paying your home loan, please complete the Real Estate Deferral Request form below. You can securely upload your completed form below or email it to CollectionsDept@scucu.com. Please be advised that we are experiencing a high volume of applications and appreciate your patience while we process your request. If you do not hear back from us immediately, please do not worry.
Business and Commercial Loans
SCU Credit Union is ready to assist our member businesses. If you are having difficulty paying your commercial loan, please email the CollectionsDept@scucu.com and provide the reason you need relief and your contact information. We will reply to your request as soon as possible.
SBA Relief Options
The SBA is no longer accepting Paycheck Protection Program (PPP) applications. Please email commercial@scucu.com for questions about existing loans. You may wish to consider an Express Bridge Loan to assist your business:
SBA Express Bridge Loans
The Express Bridge Loan Pilot Program allows small businesses who currently have a business relationship with an SBA Express Lender to access up to $25,000 with less paperwork. These loans can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing and can be term loans or used to bridge the gap while applying for an Economic Injury Disaster loan. If a small business has an urgent need for cash while waiting for a decision and disbursement of an Economic Injury Disaster Loan, they may qualify for an Express Disaster Bridge Loan.
Terms:
- Up to $25,000
- Fast turnaround
- Will be repaid in full or in part by proceeds from the EIDL loan
- Must have Existing Active Banking Relationship with SCU Credit Union as of the date of the applicable disaster.