Financial Relief: How We Can Help
Payment relief, loans and other resources designed to help members facing financial hardship due to the COVID-19 crisis, job loss and other unforeseen circumstances.
Financial Relief Solutions
BECU believes in people helping people, and are doing everything we can to help you. We take our role as your credit union seriously and have identified loan relief and payment deferral options for those affected by the COVID-19 crisis. We are continually developing additional ways to help, so please know that new offerings will be added as they become available.
Payment Relief Assistance
Short-term loan modifications and payment relief on existing BECU loans and revolving credit, including auto, boat, RV, credit cards and personal loans.
We have personal loans available to assist with paying bills, rent, or other financial needs. These loans are available to members who recently experienced a sudden change in their financial situation.
Student Loan Payment Deferral
Defer payments on your student loan for up to 3 months (90 days).
Debt & Credit Counseling
Get free financial counseling to assist you with cash-flow planning, debt relief and reduction options, and overall personalized plan to help relieve financial stress.
How to Contact BECU
- COVID-19 Stimulus Payments
Get answers to questions you might have about the COVID-19 stimulus checks (Economic Impact Payments) being sent to many households in April.
- COVID-19 Resource Page
Learn more about what BECU is doing to ensure your safety and continued access to financial funding and resources.
- BECU COVID-19 Blog
Read more about what to do if you lose your job, information on COVID-19 scams and more in the BECU Blog
- Greenpath Credit & Debt Counseling
GreenPath's certified experts can help with managing a variety of financial challenges. It's a free service available for BECU members.
- Managing Your Finances During a Crisis (Webinar)
In an informative video, BECU Financial Educator Stacey Black shares her tips for Managing Your Finances During a Crisis. Use her insights to navigate financial uncertainty
- Planning During Financial Uncertainty (article)
Whether due to COVID-19, job loss, or other unexpected economic events, there are steps you can take to help you through whatever comes your way.
- How to Create an Emergency Plan (article)
While it may not be possible to predict when an emergency may occur, you can be better prepared by understanding the types of financial emergencies that may exist, as well as steps you can take to prepare yourself for them.
- Understanding Balance Transfers
Transferring a credit card or loan balance to a new credit card with a lower APR might help consolidate debt, but be sure to understand the benefits and pitfalls, as well as familiarize yourself with the rules of each financial institution first.
- How to Avoid Foreclosure
If you are unable to afford your mortgage or home-equity payments, but want to avoid foreclosure, BECU can help you find a workable solution.
- Financial Health Check
The Financial Health Check is a free program designed to help you make decisions and take actions on savings, budgeting and debt management in real-time during a confidential one-on-one call.
- Consumer Financial Protection Bureau
- U.S. Department of Housing and Urban Development (HUD)
- Servicemembers Civil Relief Act (SCRA)
- Disaster Recovery Help for Homeowners
- U.S. Small Business Administration (SBA)
- CDC's Coronavirus site
- Unemployment due to Coronavirus
- Emergency Financial Assistance Help
- Washington State Coronavirus Info for Workers
- COVID-19 Resources for Washington Small Businesses