NYMEO to Assist Credit Union, Community Members Experiencing Hardship Due to COVID-19

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Products including a special Emergency Member Assistance Loan with deferred payments

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Victoria Johnston, President and CEO of Nymeo says, “This is an unprecedented time in our history, and as a financial institution, we urge members and anyone in our communities impacted financially to lean on us for support. As a community-based credit union, we are here for you.”

Nymeo Federal Credit Union is encouraging its members and the community to reach out to them if they are confronting or experiencing a financial hardship due to the Coronavirus (COVID-19).

“Our hearts go out to those who have been impacted by this virus,” said Victoria Johnston, President and CEO of Nymeo. “This is an unprecedented time in our history, and as a financial institution, we urge members and anyone in our communities impacted financially to lean on us for support. As a community-based credit union, we are here for you.”

Nymeo has developed products and services for those who have been impacted by the Pandemic including a special Emergency Member Assistance Loan with deferred payments, skip payment program on loans, loan refinancing, debt consolidation, waiving fees, financial counseling and budget planning. Credit Union members should contact Nymeo immediately if they have concerns about their finances. However, Nymeo also invites nonmembers to contact the credit union for information and support as well.

“Every situation is different,” said Johnston. “We have asked our members to reach out and tell us how we can help lessen their worries during this time of tremendous stress. We want to extend our products and services to others in the community. If we can help, we will.”

Banking is considered essential, and Nymeo ensures its members that continuity of banking services is an absolute priority for them. The credit union offers mobile and online banking and has a locally based call center. Nymeo also offers members access to over 85,000 ATMs without incurring a fee.

For more information on how Nymeo Federal Credit Union can assist those experiencing or confronting a hardship, please visit Nymeo.org or call 855-436-4100.

Nymeo is a federal credit union and a cooperative not-for-profit financial institution. Our mission is to promote each member's financial wellbeing. We are a one-stop financial center with a vast array of products and services to meet a member's need over their lifetime. Membership at Nymeo is open to anyone who lives, works, worships, attends school, volunteers, or conducts regular business in Frederick County or Montgomery County Maryland. Nymeo is federally insured by the National Credit Union Administration. We do business in accordance with the Fair Housing Law and Equal Opportunity Credit Act. For more information about Nymeo, please visit us at nymeo.org.

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