Hardship Assistance

Supporting Our Members Through Financial Hardship

At JHFCU, we understand that recent layoffs may be causing financial uncertainty for our members. We also recognize the broader impact of federal funding cuts on the Johns Hopkins community, affecting jobs and critical programs. If you or your family have been affected, we’re here to help.

 

Hardship Relief Loan

Designed to provide immediate financial relief, this loan can help cover essential expenses such as groceries, utility bills, and other necessities for members experiencing temporary financial hardship due to a personal furlough/layoff or an impacted household member.

  • Borrow up to $1,5001
  • 3.99% APR2
  • 24-month term
  • No payments for up to 120 days3

Get Started

 

90-Day Loan Deferral Program

For eligible members needing temporary relief, our deferral program allows you to pause loan payments for up to 90 days while you navigate this challenging time4. The program applies to:

  • Anything Loans
  • Auto Loans
  • Other Vehicle Loans
  • Fixed Home Equity Loans
  • HomeFree Home Loan

This program excludes: First Mortgages, Credit Cards, Home Equity Line of Credit, Loanmaker Personal Line of Credit, and Winter Wonder Line of Credit. 

To request a deferral, please provide a notice of your layoff or furlough to our Debt Management Team at debtmanagement@jhfcu.org. We are happy to support you and guide you through the steps of the deferral process.

 


We are committed to supporting our members and will continue to monitor and adjust our offerings as needed. If you need further assistance, please contact us—we’re here for you.


 Additional Resources & Information

  • Financial Coaching Program - Take advantage of free, one-on-one financial education and coaching sessions as a JHFCU member.
  • Utility Assistance Programs - Many states offer utility assistance programs to help with energy, electric, and other utility bill payments during financial difficulty. Visit your provider’s website to explore available assistance options.
  • Unemployment Benefits - If you’ve been laid off or furloughed, you may be eligible for state unemployment benefits. Click here to check your state’s requirements and find out where to file your claim.
  • Navigating Financial Uncertainty Workbook - This interactive guide from GreenPath Financial Wellness provides practical tools and strategies for managing financial uncertainty, especially for those recently laid off or experiencing hardship.

Quicklinks

 

 

Existing Loan Support

Let’s talk about your current terms and how we can adjust to better support your needs.

Contact our Lending Department at ld@jhfcu.org or 410-534-4500 if you have any questions.



Anything Loan

Use this personal loan for repairs, travel expenses, or for whatever is needed to get you back on your feet.

  • No payments for up to 90 days*
  • Competitive rates

Learn More



1: Subject to rules and restrictions. Offer can change at any time. Must be a member or eligible to join JHFCU through one of our Select Employee Groups.
2: APR: Annual Percentage Rate. Rates are subject to change. Estimated monthly payment example: A $1500 emergency hardship loan at a fixed rate of 3.99% APR for 24 months would require 24 monthly payments of $65.13.
3: By skipping your first payments up to 120 days, you extend your maturity date approximately up to four months.
4: By deferring your payments, up to 90 days, you extend your maturity date approximately up to three months.