Updated: January 10, 2022
The coronavirus pandemic has taken a heavy financial toll on many Hawaii families, our members included. With all that is going on, bills still need to be paid, groceries purchased, and basic needs met. Many individuals and families may also experience changes to employment that can affect household income.
The Hawaii State Teachers Association has compiled a list of financial resources and assistance programs, including emergency loans, available through our local financial institutions.
Please click on the name of the financial institution for more information about these offers.
HawaiiUSA Federal Credit Union
- Financial relief programs
- Deferred payment options for existing HawaiiUSA term loans and lines
- Mortgage payment and foreclosure assistance
- Financial coaching from certified credit union financial counselors
- Financial wellness resources available on-demand
- Enhanced digital banking services
- Additional products and services also available. Visit hawaiiusafcu.com for more information.
Hawaii State Federal Credit Union
- Emergency assistance loan
- 0% interest rate and no payments for the first 3 months (e.g., if loan is paid off within three months, there is no interest accrual)
- Subsequent interest rate of 8.000% for the remaining 3 years
- No prepayment penalty
American Savings Bank
- Financial hardship assistance for ASB customers with loans, lines of credit, or mortgages
- Loan forbearance: Payments are stopped but a balloon payment is due at the end of the forbearance period.
- Loan deferment and loan extension: Payments are stopped and are added onto the end of the loan so the life of the loan is extended.
- Updated branch hours
- Information about economic impact payments
Bank of Hawaii (existing customers)
- Forbearance Program: No payments for six months on residential mortgages, home equity loans, and home equity lines.
- Extension Program: For personal loans and auto loans, principal and interest deferred for the term of the extension.
Central Pacific Bank
- Employment Disruption Loan
- $1,000-$8,000 unsecured personal loan
- 12-24 month terms
- Low interest rate
- 12 months with CPB checking account automatic payment set up 4.90%
- Without CPB automatic set up 5.40%
- 24 months with CPB checking account automatic payment set up 5.00%
- Without CPB Checking account automatic payment set up 5.50%
- Consumer Loan Deferral – Three-month deferral on loans or line of credit
- Residential Mortgage Payment Deferral
First Hawaiian Bank (existing customers)
- Mortgage relief for those with FHB loans
- Loan assistance: Defer payments but interest still accrues
- Credit card payments: Defer payments and waive up to three months of interest
NEA Member Benefits and partners
If you currently participate in some of NEA Member Benefits programs, you may be able to get assistance with your bills now. Check the Member Assistance Program page for details and contact information.
If you need additional assistance from NEA Member Benefits, please contact the Member Advocacy Center at (800) 637-4636 or ask-us@neamb.com. The center is open Monday through Friday, 3–11 a.m. HST, and Saturday, 3–7 a.m. HST.