Part of our Credit Union Mission includes educating members to make better financial decisions. We are here for you and here to serve you always, including during the Coronavirus Pandemic. Please follow the links below for useful resources for managing your personal finances during these extraordinary times.
Managing Your Finances in General (debt, credit, bills):
Consumer Financial Protection Bureau: Protect yourself financially from the impact of the coronavirus
Consumer Financial Protection Bureau: Protecting your credit during the coronavirus pandemic
Consumer Financial Protection Bureau: Coronavirus and dealing with debt: Tips to help ease the impact
If you’ve been laid off or had a reduction in compensation:
The CARES Act expanded unemployment benefits and includes the self-employed, contractors, and business owners. Tennessee Department of Labor: COVID-19 Unemployment for Employees
Tennessee Department of Labor: Pandemic Unemployment Assistance information provided 4/7/2020
If you have loans with Bowater Credit Union, contact us and let us know your situation. We want to help.
If you’re unable to work because you are sick with COVID-19, or because your child’s school or childcare is closed:
The Families First Coronavirus Response Act (FFCRA) requires certain employers to provide employees with paid sick leave or expanded family and medical leave for specified reasons. U.S Department of Labor: FFCRA: Employee Paid Leave Rights
Consumer Financial Protection Bureau: What you need to know about student loans and the coronavirus pandemic
Consumer Financial Protection Bureau: Guide to coronavirus mortgage relief options
Managing the Finances of an Older Adult (debt, credit, bills):
Consumer Financial Protection Bureau: Tips for financial caregivers during the coronavirus pandemic
COVID-19 Funeral Assistance from FEMA:
FEMA.gov: Under the CRRSA Act 2021 and the American Rescue Plan Act of 2021, FEMA will provide financial assistance for COVID-19-rlated funeral expenses incurred after January 20, 2020. https://www.fema.gov/disasters/coronavirus/economic/funeral-assistance
Coronavirus Related Scams:
Consumer Financial Protection Bureau: Beware of scams related to the coronavirus
Federal Trade Commission: Avoid Coronavirus Scams
FBI: FBI.gov FBI Urges Vigilance During COVID-19 Pandemic
FBI: Internet Crime Complaint Center: Online extortion scams increasing during the COVID-19 crisis
Employers & Small Business Owners:
Low-interest federal disaster loans: Small Business Administration: Disaster Assistance.
Paycheck Protection Program: Here is a factsheet from Treasury.gov for detailed information. If you’d like to apply for the PPP, we have partnered with another credit union to make this option available to our members: Click here.
Federal Taxes and Stimulus:
The IRS has delayed Tax Day until May 17. IRS Coronavirus
Stimulus checks: IRS.gov: Economic Impact Payments