adminIn the aftermath of Hurricane Michael, misconceptions and misinformation are being disseminated. One of those credit unions are experiencing is that members are being told that according to FEMA, they get a three-month deferment on loan payments due to the natural disaster.
In fact, each credit union can establish its own stance on how to handle such situations. Many will consider a case-by-case basis to determine the best solution for individual members. Please update your members that no such mandatory deferment policy actually exists.
