Banks to help furloughed workers

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Some local banks and credit unions are offering help to those who have been or will be furloughed.
Los Alamos National Bank is rolling out a program to provide relief for furloughed Federal Employees called “LANB S.T.R.O.N.G.”.
“Our community and customers have always counted on LANB to be there for them. The unfortunate situation many may find themselves in due to government furloughs is a time when LANB can again help,” said bank President Steve Wells.
LANB S.T.R.O.N.G. stands for “Short Term Relief Options (while) No Government.” It contains four main relief options for furloughed federal employees:
• Payment Deferrals on Consumer Loans and Credit Cards (1 month)
• Home Mortgage Loan Payment Forbearance (up to 6 months)
• Waived Overdraft Fees
• Short Term Relief Loans (new customers as well)
They are up to $5,000, 24-month-term, five percent fixed rate, no fees, with approved credit and must be repain with a monthly payments of $219.36.
Furloughed federal employees need only to contact LANB and the Bank will quickly assist with their request. Direct any questions or requests to: Toll Free: 800-684-5262, Los Alamos and Santa Fe 505-662-5171, Albuquerque: 505-449-5100

Zia Credit Union

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