Univest Bank and Trust Co. Offers Guidance to Government Employees Affected by Government Shutdown

Government employees may have concerns about meeting future mortgage

and consumer loan payments during furlough.

 

Souderton, Pa., October 10, 2013 - Univest Bank and Trust Co., subsidiary of Univest Corporation of Pennsylvania (NASDAQ: UVSP), has helpful advice and is committed to working with government employees who may be concerned about their ability to meet future mortgage and consumer loan payments while they have been furloughed during the government shutdown. The shutdown has affected thousands of area employees, leaving them unsure about when they will receive their next paycheck and when their forced furlough will end.

 

"There are provisions stipulated within the federal government's shutdown that enable Univest and other financial institutions to help government employees through this difficult time," said Annette D. Szygiel, chief experience officer and executive vice president of Univest Corporation. "Univest differentiates itself on stellar customer experiences, which is why our collections department has been instructed to ensure these customers' loans are put on an appropriate length of forbearance until the customers start receiving their paychecks again. No late fees will be assessed and these customers will not be reported to the credit bureaus as being delinquent."

 

Government employees with questions about these shutdown provisions, or with questions about how Univest can assist them, should call the Univest Call Center at 877-723-5571 or visit one of Univest's 31 financial centers. Financial center locations and contact information can be found at www.univest.net.

 

Univest Bank and Trust Co. is member FDIC, an Equal Housing  and Opportunity Lender.

 

About Univest Corporation

Headquartered in Souderton, Pa., Univest Corporation of Pennsylvania (www.univest.net) and its subsidiaries serve the financial needs of residents, businesses and nonprofit organizations in Bucks, Chester and Montgomery counties as well as the Lehigh Valley.  For more information on Univest Corporation of Pennsylvania and its subsidiaries, please visit www.univest.net.