Cape Cod 5 Announces No Interest Loan Program for Government Employees

Also announces $30,000 donation to support Cape Cod Military Support Foundation

Orleans, MA – Cape Cod 5 recently announced its support of those affected by the United States government shutdown – which is in its 26th day – through a 0.00% APR1, one-year Cape Cod 5 Government Employee Assistance Loan Program and a $30,000 donation to the Cape Cod Military Support Foundation (CCMSF).

“Cape Cod 5 is committed to doing whatever we can to support those who are out of work and struggling to make ends meet during the government shutdown,” said Dorothy A. Savarese, President and CEO of Cape Cod 5. “These circumstances remind us of the importance of coming together as a community to provide assistance to local individuals and families in need.”

The 0.00% interest loan program will help provide financial assistance to Cape Cod 5 customers who are employed by the federal government and have been directly impacted by the shutdown. Customers may learn more about this loan at any Cape Cod 5 Banking Center location.

Cape Cod 5’s support of the Cape Cod Military Support Foundation – which provides aid and assistance to military personnel and their families during times of critical need – will continue over the next three years. Half of the Bank’s $30,000 donation will immediately help fund the transportation and distribution of food and supplies to local military families and individuals affected by the government shutdown. The remaining $15,000 will be granted over the next two years in support of the Foundation’s ongoing programs.

In addition, Cape Cod 5 will be collecting donations of food, toiletries and baby care items for those in need during this time. Donations of these items may be dropped off at any Cape Cod 5 Banking Center starting on Wednesday, January 16, 2019. Monetary donations may be made to CCMSF on the organization’s website: https://capecodmilitaryfoundation.org/donate-now/.  

1 0.00% Annual Percentage Rate (APR) for the term of the loan. Single payment loan with a term of 12 months. Minimum loan amount of $500. Maximum loan amount of $2,500. One payment of entire loan amount due at maturity.

Founded in 1855, Cape Cod 5 is an independent state-chartered savings bank with over $3.4 billion in assets. Through its 25 offices, Cape Cod 5 offers a broad range of financial products and services to customers living and working on Cape Cod, Martha’s Vineyard, Nantucket and in Southeastern Massachusetts communities. Services include consumer and commercial banking products; residential mortgages; investment management and trust services. Member FDIC. Equal Housing Lender. NMLS #401717.


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