A Loan for Challenging Times
Financial Assistance Loan
Providing meaningful financial support when our members need it the most
Available Only to Current Members Facing Hardship or Layoffs
Life can take unexpected turns, and we’re here to help our members through them. The Financial Assistance Loan is available exclusively to current Andrews Federal members, offering quick, convenient relief through Digital Banking or at your local branch. Just mention “Financial Assistance Loan” when you apply.
90-day first payment deferral
Defer your first payment to give you time to get back on your feet
6.00% APR for up to 24 months
Continue to make payments at a fixed rate as you financially recover
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Your Questions. Answered.
Frequently Asked Questions about the Financial Assistance Loan
Learn about the loan's details, including how to access your funds and manage payments.
How does the 90-day payment deferral work?
Qualified borrowers can delay their first payment for up to 90 days after loan disbursement. Interest will continue to accrue during the deferral period.
How quickly can I receive funds after approval?
Loan disbursement time varies, but approved members typically receive funds within a few business days, depending on the product and documentation.
Who qualifies for the Financial Assistance Loan?
Members who have experienced financial hardship due to a natural disaster, or government shutdown, furlough, or layoff. Proof of hardship is required, and creditworthiness is evaluated.
Do I need to be a member to apply?
Yes. You must be a current Andrews FCU member with at least a $5 deposit into a Base Share Savings account.
Quick Links
Financial Assistance Options
Andrews Federal offers financial assistance options to support you when you need it most.
Debt Counseling
Get expert debt counseling from our financial wellness partners.
Personal Loans
Get the cash you need with Personal Loans and Lines of Credit from Andrews Federal.
1Financial Assistance Loan: APR = Annual Percentage Rate. Offer effective as of February 28, 2025, and subject to change. Must be a member of the credit union to open any loan account. For all loans, additional rates and terms are available for qualified applicants. Rates, terms and conditions vary based on creditworthiness and qualifications. Your actual rate will be based on your loan amount, term, and credit history. Subject to credit and collateral approval. Additional restrictions may apply. Sample Payment: $5,000 for 24 months at a fixed interest rate of 6.00% = payment of $222.71. A previous government paystub or 2024 W2 must be provided. This offer is available only to current members directly impacted by a hardship or layoff. Deferred payment is a period of time during which a borrower is permitted to temporarily postpone making regular monthly payments. The debt is not forgiven; however regular payments are suspended until a later time. Interest continues to accrue at your contractual interest rate.
Excluded from deferred payment option: Credit Cards, Overdraft Line of Credit, Premier Line of Credit, Cash To Go, Business Line of Credit, Business New Auto, Business Used Auto, Business Signature Loan and Business Credit Card.
*APR = Annual Percentage Rate.