Cooperative Bank of Cape Cod Helping Federal Workers Impacted by Shutdown

HYANNIS – The Cooperative Bank of Cape Cod is rolling out ways to help out government employees affected by the ongoing partial shutdown of the federal government.

“To Cape Codders who are facing financial hardships due to the government shutdown, we are here to help.  Your pay may be disrupted, making it difficult to pay bills on time.  Your mortgage or loan application may be stalled.  You’re likely faced with uncertainty,” said the bank in a posting to its website.

“As your community bank, we are here to provide a bridge through this challenging time.”

Federal employees affected by the shutdown are eligible for a special, zero-interest loan.  This is available for current or new Coop customers. To be eligible for the loan, applicants need to live or work on the Cape & Islands and have a Coop checking account.

Assistance is also being offered to federal employees struggling with monthly mortgage payments. Based on the situation, the bank may be able to offer payment deferrals.

The bank says it will offer tailored assistance on a case-by-case basis to ensure that clients are receiving the most impactful assistance available to them.

By TIM DUNN, News Center 

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