We are here for you!
TopLine is here for you and all your financial needs during these trying times. Our core values remain our foundation, People Helping People… and People Serving People.
The impacts of COVID-19 are affecting individuals in different ways. If you have been financially impacted by the Coronavirus (COVID-19) pandemic, please let us know, our team stands ready to assist you with all of your questions and financial needs. We have several member assistance options to help you get though these uncertain times. Let us take away some of the worry so you can focus on what’s most important, your health and safety, and taking care of yourself and your loved ones. We are here for you!
TopLine Member Assistance
Auto Loans, RV Loans, Personal Loans and Credit Cards
If your income has been impacted by COVID-19 and you need payment assistance on your TopLine auto loan, RV loan, personal loan and/or credit card we are offering Skip-A-Payment options for up to 90 days. Adjustments made will have no impact on your credit report or score and no late fees will apply.
Home Equity Lines and Loans
If your income has been impacted by COVID-19 and you need payment assistance on your TopLine home equity line or loan we are offering temporary payment modifications for up to 90 days. Adjustments made will have no impact on your credit report or score and no late fees will apply.
If your income has been impacted by COVID-19 and you need payment assistance on your TopLine first mortgage we are offering options to temporarily suspend payments. Adjustments made will have no impact on your credit report or score and no late fees will apply.
If your income has been impacted by COVID-19, you may be eligible for an emergency loan to supplement your income as a result of sickness, closure of business or reduction in hours. Loans are available for up to $10,000 and payments will be deferred for up to 90 days of the loan.
If your income has been impacted by COVID-19, on a case-by-case basis we are offering fee refunds for members.
Wealth Management Services
During this time of market volatility, we are here to support you. If you have questions or need assistance, please contact us at 763-391-9494 or email Info@TopLineInvestments.com.
For assistance, please fill out the form below or call 763-391-9494 to discuss your individual situation and potential payment deferrals, extensions or alternative options with a TopLine Representative.
Coronavirus Aid, Relief, and Economic Security Act (CARES ACT)
Small Business Assistance
Small businesses are a significant part of our economy and TopLine is committed to helping small business owners weather the storm. Under the federal government CARES ACT, small businesses affected by the pandemic and economic downturn are eligible for financial assistance. There are two types of loans that are available, Payment Protection Loan and Economic Injury Disaster Loan.
For additional information on the CARES ACT small business loans funding options visit the U.S. Small Business Administration.
Paycheck Protection Program (PPP)
- Offers small businesses under 500 employees loan amount calculated at 2.5 times payroll.
- Loan can be used for payroll and overhead.
- If compliant, funds can be forgiven by the U.S. government for maintaining a level of business activity and remaining compliant (applies to Profit and Not for Profit).
The Small Business Administration (SBA) announced that have resumed accepting Paycheck Protection Program (PPP) loan applications Monday, April 27 at 9:30 a.m. from approved lenders on behalf of any eligible borrower. Congress has authorized an additional $310 billion for the PPP for the second phase. At this time, we are accepting new applications and will be submitting PPP applications to the SBA. However, we cannot confirm that all applications will be submitted and processed by the SBA before the funds are depleted. Apply Here
Economic Injury Disaster Loan (EIDL)
- Working capital whereby funds may be used to cover fixed debts and/or payroll, accounts payable, or bills that can’t be paid because of the disaster’s impact.
- Loan cap of $2 million; whereby offers initial loan advance of 10,000 to help overcome the temporary loss of revenue.
We are Here to Protect You.
We encourage you to be on alert for potential scams that are being created to take advantage of individuals during these times. For tips, please visit:
All TopLine savings accounts, money markets and share certificates are federally insured up to at least $250,000, and IRAs are insured for an additional $250,000 by the National Credit Union Administration (NCUA). Several options are available for additional share insurance coverage in addition to the coverage available to their single ownership accounts, such as joint accounts, retirement accounts and trusts. Click here for more details. The NCUA Electronic Share Insurance Estimator is available to help members better understand the protection offered.
If you can’t find what you need, please contact us at 763-391-9494 or Ask@TopLinecu.com.
We are working together in ways we have never experienced before and are dedicated to supporting your needs during these uncertain times.