COVID 19 Resources

We are here to help during this pandemic in any way we can and we understand that you may be dealing with a financial hardship due to COVID-19.  Here is a summary of temporary updates/resources  that we have put in place for our members.  If we can be of help in any other way, please do not hesitate to ask a member service representative at 618-650-3760 or via email at siuecreditunion@siuecu.org.

  • IRS Stimulus Payments update
  • Deferred Consumer & Auto Loan Payments form
  • Deferred Mortgage loan Payments: Those affected by COVID-19 may qualify for mortgage assistance or relief. If you are suffering a
    hardship due to the current public health situation, please call our mortgage servicing department to
    discuss your options: 1-800-766-5626
  • Deferred Payments on Credit Card Payments: Please refer to your Credit Card statement for details

COVID-19 Relief Loan

(effective date = April 1, 2020)

If you have suffered a financial hardship due to COVID-19 you may qualify for a COVID-19 Relief Loan.  All current SIUE Credit Union members are eligible for our special COVID-19 Relief Loan

Am I eligible for this loan? If you were a member on March 27, 2020 you are eligible to apply
How much can I Borrow? One month of income (up to $5,000)
What is the Interest Rate? 0% APR for the first 6 months of the loan – then reverts to 9.9% APR through the maturity of the loan
How long can I take to pay it off? Maximum of 48 months – varies with amount of loan
When is my first payment? Deferred to 60 days after the loan origination date
What do I need in order to apply? Members must submit 1) verification from employer that his/her pay/hours have been reduced due to COVID-19 and 2) most recent pay stub (prior to reduction of hours/pay) showing YTD earning to verify income prior to COVID 19