Loans

Consumer Loan / Credit Card Skip a Payment: We are offering four Consumer Loan / Credit
Card Skip a Payments if your income is impacted by the current COVID-19 situation, and we will waive the $25 fee for each skip. Click here 

Real Estate Loan Skip a Payment: We are offering up to a three-month deferment for Mortgages and Home Equity Loans if your income is impacted by the current COVID-19 situation. There is NO FEE.  Please reach out to the Mortgage Department mortgagedept@sidneyfcu.org or call our Member Service Center 877-642-7328 / (607) 967-7101.

SBA Program updates

We have been approved by SBA as a lender for the Payment Protection Program (PPP). Congress is currently addressing appropriating more funds for the PPP. As soon as that happens, SFCU will process applications for our Existing Business Members. Please call 877-642-7328 if you have not received our PPP application link. This link will allow you to submit your PPP application and supporting documents so that you are in our pipeline.

In the meantime, we are encouraging our business members to educate themselves on the SBA PPP requirements, eligibility requirements, and to collect the necessary documentation for you to support your application. You must provide to lender Federal Documents to support the dollar amount you are applying for. Remember this particular SBA program is focused on providing funds so you can continue to make your payroll, if you do not use the funds in this manner, your loan may not be forgiven by the SBA. 

We cannot stress enough to our business members, please go to the SBA website and educate yourself on the details of this program – eligibility requirements, what can you spend funds on, how to apply, what is going to be forgiven, what you are required to provide to your lender in order to apply, etc.

Business Loan Skip a Payment: We are offering three Skip a Payments if your income is impacted by the current COVID-19 situation on non-real estate secured business loans. There is NO FEE. Click here

Business Real Estate Secured Deferments: We are offering up to a three-month deferment for Commercial Real Estate and Investment Real Estate Mortgages if your income is impacted by the current COVID-19 situation. There is NO FEE. Please reach out to the Business Loan Department businessloandepartment@sidneyfcu.org or call our Member Service Center 877-642-7328 / 607-967-7101.