Effective Monday, May 18, Sunmark has reopened most branch lobbies. 

Please visit here for more information on individual branch locations.

The coronavirus (COVID-19) is changing how we live our daily lives. But together as a community, we will find solutions and get through these challenging days and weeks ahead. Our top priority at Sunmark is providing you with the financial services you need to navigate this stressful time.

Emergency Financial Relief 

Sunmark knows we are stronger together and we will work with each individual member to meet their needs in this trying time.

Below are temporary relief options offered by Sunmark due to the crisis. You may qualify if you are experiencing financial distress or have had a hardship due to the COVID-19 pandemic. If you would like to speak to a member of our team about your situation and to apply for financial relief, please contact the Member Solution Center at 866-SUNMARK. We appreciate your patience as wait times may be longer than usual.

During this trying time, we have temporarily increased the savings transfer/withdrawal limit from 6 to 12 transactions per month.

ACCOUNTS

Do I qualify?

If you have lost your job or seen a decrease in income due to the COVID-19 pandemic, Sunmark would like to work with you regarding your individual needs and financial distress. We know every situation is different; please call us at 866-SUNMARK to discuss on how to apply for financial relief. 

Mortgage Payment Deferment

New York State has instituted a 90-Day Mortgage Relief Program to all homeowners who qualify in the state. Mortgage payments would be delayed for three months for those that meet the requirements.

To speak to someone regarding your mortgage payments:

  • First mortgages: please call Midwest Loan Services at 1-800-262-6574 or visit their borrower website. If your mortgage is serviced by another company other than Midwest, please reach out to them directly.
  • Second mortgages (home equity loans or HomeFlex lines of credit): please call Sunmark directly at 866-SUNMARK.

Skip a Payment

To help you stretch your budget, Sunmark is pleased to offer qualified members the option to skip an installment loan payment on eligible auto and personal loans. Complete the secure form to get started! Or print the form here. For questions or to see if you qualify, call 866-SUNMARK.
Skip a Payment

Consumer Loans and Credit Cards

If you are affected by this crisis, Sunmark is offering temporary deferment on consumer loan and credit card payments. Sunmark will also refund any late payment fees on a Sunmark credit card during this time for those in need. For more information and to see if you qualify due to financial hardship, please call us at 866-SUNMARK to apply.

Business ACCOUNTS

Do I qualify?

We know every situation is different; please call our business team to discuss on how to apply for financial relief. 

Mortgage Payment Deferment

Due to COVID-19 business property holders may qualify for mortgage relief. Mortgage payments would be deferred for three months for business members that meet the requirements. For more information on how to apply for financial relief, please contact a member of our team.

Business Loans and Credit Cards

If you are affected by this crisis, Sunmark is offering temporary deferment on business loan and credit card payments. Sunmark will also refund late payment fees on a Sunmark business credit card during this time for those in need. For more information and to see if you, please call our Business Services team.

SBA Assistance

The SBA Paycheck Protection Program (PPP) is now available. In order to apply, please have proof of 2019 payroll information ready, such as:

  • Balance sheet and income statement for the entire 2019 year
  • Payroll tax reports for all of 2019
  • Heath insurance premiums or retirement plan funding documentation for the preceding 12 months

­Call 866-SUNMARK for more information on PPP or to apply, or visit these frequently asked questions for more information.

​​​​​Meanwhile, the SBA is offering Economic Injury Disaster Loans (EIDL) directly via the SBA website. Currently, there are two (2) available programs, with more expected in the future.

  • Low interest, long term Economic Injury Disaster Loans (EIDL) for up to $2 million: The first payment is deferred for 12 months. The application has been simplified and can be completed 100% online at www.sba.gov/disaster.
     
  • Economic Injury Disaster “Loan Advance” for up to $10,000:  the form to apply is part of the EIDL economic injury disasr loan application. If approved, these funds can be used for payroll and other operating expenses and will be forgiven.

     

Our Business Team

Jay-Singh
Jay Singh
AVP, Business Services
(518) 730-9063

Steve McCormick.jpg
Steve McCormick
Business Loan Officer
(518) 730-9080

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Brian Wolters
Business Loan Officer
(518) 730-9037

All above offers may change without notice. Please call 866-SUNMARK for questions regarding your particular situation.