We are here to help
We are committed to the well-being of our membership. If you are experiencing a financial hardship and need a loan or are unable to make payments on a loan, please contact us at 763-267-6300 or complete and submit this form to be considered for our Hardship Assistance program. The information you provide to us will help us determine what relief we may be able to offer to you at this time.
DEFER YOUR PAYMENTS
- Hardship Skip-a-Pay is a program available to members with an existing loan and would like to Skip-a-Pay up to 2 monthly payments. This program is subject to approval.
- Delayed Payments on new loans originated after April 1 may be eligible for no payments up to 60 days.
- Personal Loan up to $2,000 available at a low interest rate of 5.99% APR for members who are struggling financially due to the COVID-19 pandemic. No payment due for 90 days.
March 30, 2020
March 18, 2020
March 15, 2020
- Teamsters Credit Union can help members navigate through these uncertain times. As a not-for-profit financial institution, we put their members first. We urge you to call us to discuss your financial options.
- Any cash withdrawal eliminates the NCUA insurance, and could put people’s public safety at risk. All Minnesota credit union deposits are insured by the National Credit Union Administration (NCUA) per individual up to $250,000, just as bank deposits are insured by the FDIC.
- Minnesota Department of Employment and Economic Development’s (DEED) page dedicated to changes made in response to the outbreak
- DEED Q&A page on the topic.
- For more resources to help in times of financial uncertainty, go to https://www.lssmn.org/financialcounseling/tools-and-resources/documents.
- To set up a free financial counseling session with a certified financial counselor, visit www.lssfinancialcounseling.org or call 1.888.577.2227.
- CenterPoint Energy details steps its taking to protect customers.
- Xcel Energy says it will not disconnect service to residential customers until further notice. DETAILS HERE
The Minnesota Department of Commerce is urging Minnesota consumers to be on alert for potential scams created to take advantage of the fear, isolation, and uncertainty during this unprecedented time.
In addition, consumers should be asking the following questions about every e-mail, phone call, and piece of mail they receive because the answers could trigger potential red flags for fraud and scams:
- Is the e-mail, phone call, or mail from someone you don’t know?
- Is the sender, caller, or item offering you something that seems too good to be true?
- Is the sender, caller, or item using language to incite fear or threaten you?
- Is the sender, caller, or item urging you to “Act Now” before it’s too late?
- Is the sender, caller, or item requesting payment from you and promising to give you something in return after your payment?
Minnesota consumers should be cautious. If there is doubt about the sender, caller, or the idea being pitched - Hang up. Delete the e-mail. Recycle the mail.
At this time, the Department does not have any reported cases of COVID-19 financial scams. If you have questions or if you believe you may have been the victim of a scam or fraud, please contact the Commerce Department’s Consumer Services Center by e-mail at firstname.lastname@example.org.
Minnesota’s Attorney General Keith Ellison has advised consumers to be hyper-aware of COVID-19 scams and report price gouging. Information can be found at: https://www.ag.state.mn.us/Office/Communications/2020/03/13_CoronavirusScams.asp
Attorney General Ellison warns Minnesotans about COVID-19 phishing attacks: https://www.ag.state.mn.us/Office/Communications/2020/03/24_CovidPhishingScams.asp