MIDFLORIDA, Your Community Credit Union.

View All Branches

Locate a Branch/ATM

Geolocate ZipCode

Information for You

Financial Relief

Seeking financial assistance during the government shutdown?

We understand the hardships and financial stresses that you may be experiencing due to the government shutdown, and MIDFLORIDA is committed to providing additional support to our members who are being impacted. To qualify, please be prepared to provide a copy of your furlough slip or notification. Here are ways we can help:

Skip a Payment

Skip a Payment allows you to move your skipped payment to the end of your loan term. Interest will continue to accrue and the loan maturity date will extend one month beyond its original maturity date. Fees associated with skipping a payment will be temporarily waived for qualifying members.

To reach us, call:

Auto loan, personal loan, recreational loan,
share-secured and personal line of credit
loan payments
(863) 284-5626
(855) 560-5626 toll free
Home Equity loan payments* (863) 595-1255

*Home equity loan interest must be paid during the skipped payment time frame.

Mortgage Payment Relief

You can request a mortgage forbearance by calling our Mortgage Department at (863) 688-8443 or toll free (855) 915-4663. A mortgage forbearance is an agreement that may allow borrowers to postpone their mortgage payment obligations.

Understanding a Mortgage Forbearance

Using a forbearance agreement, MIDFLORIDA can temporarily suspend mortgage payments. Interest will still accrue but there would be no negative marks on your credit. Once the agreement expires, borrowers must be financially capable of repaying the amount of missed payments. This can be achieved through a lump sum, payment plan or loan modification.

Benefits of a mortgage forbearance:

  • Gives you time to recover or get back on your feet while the government is shut down and your paycheck is impacted.
  • Frees up cash to spend on living expenses until your job has been reinstated.

Risks of a mortgage forbearance:

  • Missing payments that include escrow will cause a shortage in the escrow account. This will result in a higher payment next year to make up the difference.
  • If the amount in forbearance is not paid in a lump sum or through a 12-month payment plan after the forbearance period, the term of the mortgage will be extended through modification. The mortgage would not be paid off at the original maturity date.
  • A modification may take up to a year to be processed and finalized.
  • Interest will continue to accrue which means you will end up paying more for the mortgage over the life of the loan.