In the aftermath of Hurricane Melissa, many families are facing unexpected financial challenges—from property damage to lost income and increased recovery expenses. Understanding the strain this places on its members, the Jamaica Defence Force Co-operative Credit Union (JDFCCU) has introduced a Loan Repayment Moratorium designed to offer immediate financial relief when it’s needed most.
Loan Repayment Moratoriums: Financial Relief When You Need It
To provide essential breathing room, the JDFCCU—along with several local financial institutions—is now offering payment holidays on existing loans. This initiative temporarily pauses loan repayments so members can redirect their funds toward urgent priorities such as home repairs, replacing personal belongings, or managing day-to-day living expenses during recovery.
A loan moratorium offers:
✔ Temporary Relief from Monthly Payments
Members can take a break from their regular loan installments without penalties or negative impacts on their standing.
✔ More Flexibility During Recovery
With repayments on hold, members have additional resources to manage unexpected costs and stabilise their households.
✔ Support Without Extra Stress
The moratorium ensures members can focus fully on rebuilding after Hurricane Melissa—without the added worry of monthly loan obligations.
Why JDFCCU Is Offering a Loan Holiday
As part of its commitment to the welfare of soldiers, veterans, and their families, the JDF Credit Union understands the importance of financial stability during crises. The loan holiday is part of a wider effort to:
- Ease the financial pressure on affected members
- Promote faster recovery
- Uphold the credit union philosophy of “People Helping People”
This relief measure underscores the JDFCCU’s role as a trusted, member-focused financial partner—especially during challenging times.
How to Apply
Members interested in requesting a loan repayment moratorium can contact the JDFCCU directly through:
- Phone
- In-branch visits
- The official website
A representative will guide you through the simple application process and let you know if you qualify.
Rebuild with Confidence
A loan holiday can make a meaningful difference when recovering from a disaster. With the JDFCCU’s support, members can move forward with confidence, knowing their credit union is standing by them every step of the way.
