COVID-19 Financial Relief
Financial relief programs now in place

We want to let you know that CBC is here for you if you have been affected by the recent COVID-19 developments. We are launching several programs designed to offer financial relief to our members that are in need.

Skip-A-Pay (processing fee waived)
You may have been financially impacted by the economic developments related to the COVID-19 outbreak and making a regular scheduled payment may become difficult.  CBC wants to help by allowing you to skip a monthly payment on your CBC Auto, personal, RV or motorcycle loan (no credit card or real estate loans at this time) with no fee.  We will consider granting you a skip even if you have already skipped payment within the last year. Your credit score will not be negatively impacted.
 
Waived late fees
If you are late on your CBC loan payments due to economic developments related to the COVID-19 outbreak, please let us know and we will waive your late fee by calling 805.988.2151 ext. 1633. We understand that the current circumstances can be disruptive to your normal routine, including making your loan payments.  Your credit union is here for you and wants to help.
 
Short-term Emergency 5% APR Loan
If you have a short term financial impact from economic challenges related to the COVID-19, we are here to try and help.  We are offering an emergency, short-term qualifying loan up to $3,000 featuring a 5% APR.  The loan features no payments for 45 days, a 12-month term and no collateral requirement.  We are limiting the program to one loan per household. 

APPLY ONLINE
 
Hardship Assistance
If you find that you are unable to make payments on your CBC loans, please contact us at 805.988.2151 ext. 1633 and our team can assist with repayment options for you.

Home Loan Forbearance
CBC will help if you have been affected financially by the outbreak and are unable to make payments on your home loan or home equity line of credit. Call us at 805.988.2151 for help.

We are committed to the well-being of our membership and we are here to help in any way we can. If you have any questions, please contact us at 805.988.2151.

*CBC relief programs are for qualifying CBC members only.

Published Date: 
Monday, March 16, 2020
Subtitle: 
Financial relief programs now in place