If you’re a Cobalt Credit Union member affected by a furlough, we have options to ease your financial stress. Apply for a Furlough Relief Loan of up to $5,000 with no fees and 0% interest, or request an extension of your existing loan. We are dedicated to supporting our members through this difficult time.
Furlough Relief Loan
- 0% APR* Loan for 90 days
- $5,000 maximum loan amount
- No setup or processing fees
- No payment due for the first 60 days
- Proof of monetary impact from government furlough must be provided
Loan Assistance
We understand employees who have been furloughed may struggle to pay their loans without their regular income. Our members are our priority, and we are ready to assist them by providing an extension on their existing loan.
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Members who have a loan booked before the furlough (October 1, 2025), may qualify for a loan extension on their payment.**
- 30-day and 60-day extension options available
- No processing fees
Additional Support
If you or your family are affected by the government furlough, the following organizations offer free and confidential assistance:
*Annual Percentage Rate. Maximum loan amount of $5,000 with a 90-day term. Two total payments with the first payment due on the 60th day after receiving loan funds and the second payment due at the end of the loan term. Payment example: for a $5000 loan and a 90-day term, each payment would be approximately $2500. Must show proof of monetary impact by government shutdown. Documentation must include full name. Loan subject to credit approval.
**Loan assistance is only available on qualifying loans, which include Auto, RV, Boat, Motorcycle and Personal Loans. Loan assistance is subject to approval. Additional restrictions may apply. Must show proof of monetary impact by government shutdown. Documentation must include full name.
