With the unemployment rate soaring as millions of Americans find themselves suddenly out of work, it’s no surprise that many are struggling financially. PenFed Credit Union has been providing financial peace of mind since 1935 and offers saving accounts, credit lines, online banking, and more.
Recent stimulus payments can help keep some afloat - use this to make sure basic needs like rent/mortgage, food, and clothing are taken care of. If you are able, use the rest to donate or spend.
If you are concerned about covering bills, auto loans, rent, or mortgage, reach out to your financial institution. Credit unions and banks understand your situation, and most will work with you to restructure debt or defer payments.
Learn more here.