Greater Community Bank Offers Government Furlough Solutions

Published: February 01, 2019


For Release: January 18, 2019

Greater Community Bank Offers Government Furlough Solutions

If you or someone you know is a federal government employee and has been affected by the government shutdown, we're here to help. Greater Community Bank is pleased to offer solutions specifically for federal government employees in need of assistance during the shutdown. Take advantage of one of our government furlough relief solutions:

  • C.A.R.E. Line of Credit* – Credit Assistance and Relief for Furloughed Employees If you are experiencing a furlough from your federal government employer or not receiving pay while working during the government shutdown, Greater Community Bank is offering a special line of credit at 0.00% APR* for 90 days with no origination fee or collateral requirement.
  • GCB Sprint Loan** If you need more cash without the wait, GCB Sprint loans help you pay for urgent costs with same-day financing and no collateral requirement. Borrow up to $40,000 at competitive rates.
  • Payment deferment on existing loans During the government furlough, you may be able to defer payments on your existing Greater Community Bank loans with no fee. Contact your account officer to discuss your current payments.
  • Waiving of early CD withdrawal penalties “Greater Community Bank is committed to doing the right thing for our customer,” said David Lance, President & CEO of Greater Community Bank. “We understand the financial pressure that many of our customers who serve our nation are now facing, and we are here to help.” 

For more information on the C.A.R.E. Line of Credit or any of Greater Community Bank’s relief solutions, contact Beth Summer at 706.236.3044 or Sonya Irmscher at 706.378.1525.

For more information on Greater Community Bank, visit Greater Community Bank is locally owned and operates three offices and six ATMs in the Floyd and Gordon County markets. With exceptional customer service and a Five Star “Superior” financial rating from the nation’s leading independent bank-rating firm, Bauer Financial, Greater Community Bank redefines the banking experience. Member FDIC. Equal Housing Lender.

*APR = Annual Percentage Rate. Rates, terms and conditions are subject to change and are dependent upon qualifications, or other program guidelines. Available loan amounts may vary, up to 90 days-worth of salary. A Greater Community Bank deposit account is required. Not available to federal contract workers affected by the furlough. Limited time offer. Contact Greater Community Bank for complete details and restrictions. **Loans may be obtained in the amount of $5,000 to $40,000 with various terms available for applicants with credit scores ranging from 700-850. Maximum loan amount based on income. APR will differ based on term, credit profile and deposit relationship with GCB. Subject to credit approval. Fees apply. Advertised rates and terms subject to change without notice. APR = Annual Percentage Rate.