Coast360 Federal Credit Union has extended its three-month loan deferment to include auto, mortgage and business loans in an effort to provide individual and business members relief from the impact of COVID-19.
For Personal, Auto and Mortgage Loans
Members should email [email protected] with a contact number to initiate the process. Members without access to email can call the Credit Union’s deferment hotline at 477-0124 during operation hours. Members are urged to refrain from sending any account numbers or other sensitive information. No documentation is necessary.
For Business Loans
Members Businesses should email [email protected] to request a deferment. The member business team will begin processing requests on April 1, 2020.
Waived Late Fees
Late payment fees for mortgage and business loans will be waived for the periods of April, May and June 2020.
While credit cards are not included under the three-month deferment program at this time, the Credit Union will waive late payment fees from April through June 2020.
Due to increased volume, members should expect longer hold times through the Contact Center and deferment hotline.
For more information on Coast360’s current loan deferment program, visit coast360fcu.com/covid19.