COVID-19 assistance


Quarantine Bridge Loan GraphicFor our members who have been impacted by the COVID-19 pandemic, we are going to get through this together. We stand behind our mission statement of “People helping People”.

We have quickly come up with two solutions that can help you, our members, get through this health crisis:

    1. Quarantine Bridge Loan: This is a short-term loan designed to get you the money that you need to last through the impact of this virus or the shutdown. Terms can range from 12 months to 24 months and the amount can be up to 3 times your monthly gross income. We cannot refinance existing loans for this Quarantine Bridge Loan. This loan is available to both current members and non-members alike.



      You can apply for a Quarantine Bridge Loan online by clicking “apply for a loan” in the quick links section on our home page www.madcofcu.org. or you can call 765-644-3623, option 2, option 2 and speak directly to a loan officer.


        Loan Extensions: We are also offering our members loan extensions to help you get through this crisis. A one-month extension is available at no cost. Fees may apply to longer extensions. Your loan must be paid current or no more than 30 days delinquent when the extension is granted. The loan must be older than 6 months old. If not, we can refinance the loan without loan doc fees. Mortgages will be eligible on a case by case basis if they are older than 2 years old. Additional conditions may apply to ensure there is no Negative Amortization and Escrows are maintained. This loan extension does not apply to Fannie Mae loans. If you have a Fannie Mae loan and would like an extension, please contact us and we may be able to help you.

      To get started with an extension request, please send an email to huffman@madcofcu.org or call 765-644-3623, option 2, option 2 to speak directly to a loan officer. Please DO NOT include your account number or other sensitive info in your request. Please send your full name along with your best contact number. Our extension specialist will immediately reach out to assist you.

Questions? Call us at 765.644.3623 or send us a message