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Belco's Online Banking


COVID-19 Member Assistance 

Belco is offering many financial options to help you through this difficult time. We are here for you! Belco understands the hardships members may be facing, and we want you to know you are not alone. We are offering:

Skip-A-Pay

All skip-a-pay requests should be completed using the secured Message Center within Money Manager. Please include the loan name and number in the request.

Belco will accept Skip-a Pay requests for members with qualifying loans and waive the $35 fee. Belco will also accept requests for Skip-a Pay for members affected by the pandemic by waiving the required 12-month payment history.

Hardship Loan

In an effort to continue to provide excellent member service during these unprecedented times, Belco is pleased to offer a hardship loan to assist members being impacted with loss of work, reduced hours, etc.

  • Must be a Belco member on or before March 1, 2020
  • Maximum loan term of 24 months
  • Must have a 620 credit score or higher
  • Must be submitted online with a copy of a recent paystub
  • Maximum amount of the loan is $5,000 (or 1x monthly net income, whichever is lesser)

COVID-19 Business Assistance

On Friday, 3/27, the CARES Act was signed into law.  The CARES Act focuses on assisting small businesses with emergency grants and a forgivable loan program for companies with 500 or fewer employees. It is our understanding that the legislation does not provide direct relief to real estate investments with commercial or residential tenants. However, real estate investors with commercial tenants may direct their corporate tenants to apply for relief loans when available. Within 15 days of when the bill was enacted, the Treasury and Small Business Administration will provide guidance on how businesses can obtain these loans and the procedures for financial institutions to disburse the loans. At this time, the loans and grants created in the CARES Act are unavailable through the credit union but we are closely monitoring developments as they occur and will provide updates when these programs become available.

US Chamber’s Small Business Guide and Checklist for Coronavirus Emergency Loans:

https://www.uschamber.com/sites/default/files/023595_comm_corona_virus_smallbiz_loan_final_revised.pdf

Small Business Administration (SBA)

The U.S. Small Business Administration has administratively declared the state of Pennsylvania as an economic disaster. More information can be found at https://disasterloan.sba.gov/ela/.

Chambers of Commerce

Your local Chamber of Commerce is also a great resource for information and different assistance option. Links to local chambers within our footprint are provided below:

Harrisburg – http://www.harrisburgregionalchamber.org/coronavirus/

West Shore – https://wschamber.org/a-letter-from-the-president-covid-19-resources/

Lancaster – https://www.lancasterchamber.com/Apps/Pages/coronavirusnews

Carlisle – https://www.carlislechamber.org/

Lebanon Valley – https://lvchamber.org/

Gettysburg and Adams – http://www.gettysburg-chamber.org/

Hanover – https://www.hanoverchamber.com/blog/covid19-update

If you need any financial relief during this time, please contact a local branch or our Member Service Center at 800.642.4482 for more details on these options. We are proud to support our members and community.

Thank you for Believing in Belco!