Two more banks offer help to federal workers

The Maui News

Two more banks, Central Pacific Bank and American Savings Bank, announced Tuesday that they are offering special loan programs and loan payment options for federal workers affected by the partial federal shutdown.

Bank of Hawaii announced last week that it was offering special loan programs and permitting delayed loan and mortgage payments for federal workers. Information and specific details on the programs are available by calling Bank of Hawaii’s Customer Service Center on Oahu at (888) 643-3888 or visiting a branch.

Central Pacific said it was offering loans, ranging from $1,000 to $8,000, to Hawaii residents impacted by the partial shutdown. The loan programs feature special rates, flexible terms and fast application processing.

“This loan program is designed for quick access to funds to help residents who won’t be receiving paychecks during this partial government shutdown,” said Catherine Ngo, president and CEO. “We encourage any customers affected by the shutdown to contact one of our branches or our Customer Service Center.”

A payment deferral option also is available for existing CPB customers. Under this program, customers will be able to defer up to three months of loan payments, if eligible.

For more information, visit CPB branches (there are four on Maui) or contact the Customer Service Center at (808) 544-0500 or toll free (800) 342-8422.

American Savings Bank said that it was offering short-term payment plan options for mortgage holders and deferment or extensions for loan-holders affected by the partial shutdown.

“The government shutdown has had a dramatic effect on our local community. We are committed to doing what we can to assist our customers during this time of hardship,” said Rich Wacker, American Savings Bank president and CEO.

For more information about the programs, go to an American Savings branch (there are six branches on Maui) or contact the Customer Banking Center at (808) 627-6900 or toll free at (800) 272-2566.