Work Stoppage Hardship Assistance Program

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Be Prepared

Get Ahead by Taking Action Now.

At AMOCO Federal Credit Union, we understand that a potential work stoppage can bring uncertainty and financial stress. As your trusted financial partner, we’re committed to helping you stay informed and supported before, during, and after any disruption.

Feeling prepared starts with planning. Here are some things you can do now in case a workplace stoppage occurs.

Review
Your Budget

  • Identify fixed vs flexible expenses. (AMOCO members have access to our budgeting tool through our Online Banking and the Mobile App. Various free budgeting tools are also available).

  • Eliminate or reduce nonessential purchases (i.e., dining out).

  • Cancel unused subscriptions and streaming services.

  • Reduce utility usage (i.e., adjust your thermostat, turn off lights).

Build or Use
Emergency
Savings

  • Aim to save 3–6 months of essential expenses.

  • Redirect the funds from your cancelled subscriptions to your emergency savings.

  • Use your savings strategically and only when necessary.

Avoid
New Debt

  • Delay major purchases if you can.

  • Avoid racking up credit card balances that can’t be paid off monthly.

Generate Supplemental
Income

  • Take side gigs or seek part-time employment (i.e., rideshare/delivery driving or tutoring).

  • Sell unused items online or via yard sales.

  • Identify community organizations that assist with temporary aid.
Handshake

Financial Assistance

We’re Here to Support You.

At AMOCO, we’re committed to standing by our members during uncertain times. If a work stoppage occurs, we’re ready to offer support through our Work Stoppage Hardship Assistance Program—designed to help prevent short-term financial challenges from becoming long-term burdens. 

Work Stoppage Hardship Assistance Inclusions

This program offers loan payment due date extensions for up to 90 days on consumer loans (excludes credit cards and mortgage loans). If the work stoppage exceeds 90 days, AMOCO will offer individual assistance which may include any of the following:

  • Payment reduction options
  • Loan modification or extension
  • Penalty-free certificate withdrawals
  • Consolidation loans
  • Financial counseling
  • Additional options available

Please complete the form below to submit your request for financial assistance, and a member of our team will contact you within two (2) business days. 

Contact Us

Enter your information below and an AMOCO representative will contact you.

Name(Required)
This information is for internal use only. You will not have to visit a branch. Please note, it may take up to two business days to receive a response due to the number of inquiries.
Have you participated in our Temporary Financial Assistance Program before?(Required)
Drop files here or
Max. file size: 128 MB, Max. files: 2.
    Examples of proof of hardship include (but are not limited to) TWC unemployment documents, letter from an employer on letterhead with termination/furlough/layoff explanation, and/or paystubs showing reduced hours.