Effective October 1st, 2015, the CGMA quick loan will be available to all Civilian employees serving the Coast Guard in addition to the already eligible Active Duty clients and Reserve members that are on active duty.
In addition, the quick loan maximum amount has increased from $500 to $1000.
For those who are unfamiliar with the quick loan, it's designed to address immediate, essential financial need while requiring fewer steps and potentially less detailed documentation than the standard assistance request process. Clients are required to fill out a single page application, no budget, and bring to their unit's commanding officer or officer in charge to sign off. It is not open to individuals who have an outstanding loan balance with CGMA or who are on the CGMA Restricted List. An individual may receive a maximum of two Quick Loans within any 12-month period. Assistance requests not meeting these criteria must be processed through the standard application process in Section 3-E of the CGMA Manual.
All details of the quick loan can be found in Section 3-F of the CGMA Manual.
You give valuable time to assist CGMA clients and it is much appreciated!
Please let CGMA-HQ know (703) 875-0404 or toll free (800) 881-2462 or email: HQS-DG-CGMA@uscg.mil if there is any way we can support your efforts as you serve your shipmates through CGMA.