GROTON, Conn. – Charter Oak FCU reminded members that the credit union will waive penalty fees for individuals who lose their jobs or are facing other certain hardships when they withdraw funds from their share term certificates.
Available exceptions for the waiving of early withdrawal penalties include: the involuntary loss of employment where the depositor is qualified for unemployment benefits, the death of the CD holder or a member of their immediate family, the permanent disability of the CD holder or a member of their immediate family, or a terminal illness experienced by the CD holder or a member of their immediate family.
Appropriate documentation of the hardship is required.
