Federal Workers Emergency Shutdown Loan - Mascoma Bank

Federal Workers Emergency Shutdown Loan

We’re here to help you through uncertain times.

When a government shutdown disrupts your paycheck, we can help bridge the gap. Our Federal Workers Emergency Shutdown Loan provides short-term financial support to eligible federal employees—offering a straightforward application, fair terms, and no prepayment penalties. We’re committed to helping you stay on your feet until operations return to normal.

For additional information about the Federal Worker Emergency Shutdown Loan and rates, visit your local branch or contact our Customer Care Team at 1-888-627-2662

Please indicate “Government Shutdown” as the purpose in the application.

Loan Features

  • Loan amounts up to $3,000 to help cover essential expenses.
  • 90-day unsecured time note with a single balloon payment of principal and interest.
  • No prepayment penalty — pay off early with no extra cost.
  • Competitive unsecured loan rate and standard processing fee apply.

Eligibility Requirements

  • Must be a federal employee impacted by a government shutdown.
  • Minimum credit score of 700.
  • Must be a U.S. Citizen or Permanent Resident Alien.
  • Must provide a recent paystub dated within 30 days of the shutdown.
  • Loan application must indicate “Government Shutdown” as the purpose.
  • Subject to standard collection practices.
  • One active loan per borrower at a time.

Stay on your feet and apply today.

Please indicate “Government Shutdown” as the purpose in the application.

Fixed Rate: 7.99%, APR 21.636%; APR is based on a $3,099 loan amount with 1 time payment of principal and interest due in 90 days with a financed processing fee of $99. Fixed rate. No minimum loan size. No Prepayment Penalty. Rates subject to change. Limited time offer. Subject to credit approval.