NORTH CHARLESTON, SC, (February 26, 2013) – CPM Federal has been diligently following the news regarding the potential Sequestration. We understand that some of our members may fall to financial hardships in result of this Sequester. To better serve these members we have established programs to address the financial shortfalls that may come from any potential furloughs:
Special Offers
Sequestration Loan Assistance
For a limited time CPM Federal is offering a one-time only unsecured personal loan equal to one month’s pay, up to $2,000 at 3%APR with no payments for the first 90 days to members that are directly affected by furloughs and have direct deposit.
CPM Federal will work with its members affected to ease the financial strain any sequestration may cause by offering loan modifications or due date extensions to those who are affected and qualify. Members affected may call us at 1 (800) 255-1513 for special one-on-one loan counseling to craft a program that suits their needs best.
Budgeting Tools
CPM Federal offers free budget software and financial counseling. Members are encouraged to call our free Accel Hotline at 1 (877)-33ACCEL.
Penalty- Free CD Withdrawals
CPM Federal will offer penalty-free withdrawals on any CD despite the maturity date.
For more information related to any of the above offers, please visit www.cpmfed.com, or to speak to a member service representative on how we can provide additional assistance call 1 (800) 255-1513.
CPM Federal is a full-service financial institution, providing auto loans, credit cards, mortgages, checking accounts, savings accounts, and more. To learn more about CPM Federal, or to become a member, call 1 (800) 255-1513 or visit www.cpmfed.com.
About CPM Federal
Since 1955, CPM Federal has held a commitment to service excellence and member satisfaction. Headquartered in North Charleston, CPM Federal currently has 15 branch locations in South Carolina and a membership base of 65,000. As a not-for-profit financial cooperative, CPM Federal is committed first and foremost to enriching its member-owners’ financial well-being through their participation in the products and services of the Credit Union. For more information about CPM Federal and its products and services, visit www.cpmfed.com. This credit union is federally insured by the NCUA.