Midwest Heritage Provides Assistance for Furloughed Government Employees

posted on Thursday, January 17, 2019

Assistance for Furloughed Government Employees

Midwest Heritage is committed to helping impacted customers with a range of potential assistance options, from helping with late fees and overdraft fees to a one-time, penalty-free withdrawal from a CD with Midwest Heritage. This is for consumer accounts only. The no-penalty offer allows customers to make one partial or complete withdrawal without penalty. Any other withdrawals will be subject to penalties.

Additionally, Midwest Heritage loan customers may be eligible for an extension based on individual needs, subject to credit approval. Interest will continue to accrue during the period that the payment is deferred. For installment loans, deferring or skipping payments will extend the maturity of your loan.

Unsecured Loan Option

Midwest Heritage will lend up to one-month net salary, up to a maximum of $10,000, based on the production of documentation of income either a 2018 paystub, bank statement or year-end pay statement.

The individual will also need to furnish acceptable identification, both State and Government ID.
Payment terms will be 0% interest accrual for 60 days.The agreement will provide that principal balance will be due and payable in 60 days.

All loans and lines, extensions are subject to required documentation and credit approval.

Special loan offer is available for a limited time only to individuals impacted by the U.S. federal government partial shutdown, and may be subject to other exclusions and restrictions, and are subject to change without notice.  This offer may not be combined with other discounts.

For questions or learn more 800-782-0521 or customerservice@mhbank.com.