United States Coast Guard - Coast Guard Mutual Assistance: Debt Management and Financial Counseling Program
United States Coast Guard
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Data Provided By
United Way of Lancaster County
Description of Service
Coast Guard Mutual Assistance (CGMA) provides essential financial aid to the entire Coast Guard family, chiefly through financial counseling, short-term interest-free loans, financial grants, referrals, and other related means.
Debt Management assistance is intended to help our clients become good financial managers of their income. To become good financial managers, they must first be able to meet their financial obligations. Sacrifice and austerity on the part of the client is essential.
Debt Management assistance does not aim to return an insolvent person to an absolutely normal way of life. Debt Management does assist by helping to create the minimum essential financial condition to allow the person to live frugally while paying off obligations in a responsible manner.
Debt Management assistance generates sufficient cash flow to permit a livable budget, repayment of debt, and the provision for modest savings to meet future needs. Total debt consolidation loans are not authorized.
Examples of Authorized Debt Management and Financial Counseling Assistance:
Professional, confidential, financial planning and counseling. Available to all CGMA clients. Applying for a loan or grant from CGMA is not required to receive counseling,
Assistance when faced with exceptional financial circumstances and unable to receive financial assistance from commercial institutions.
Call or contact your local Coast Guard Mutual Assistance Representative
An application for assistance must be completed for each request for assistance. The CGMA Application for Assistance (CGMA Form 5) has been established as the primary document to request assistance from CGMA. This form will be used to request most types of assistance, except as noted below.
In addition to the application form, in most cases a CGMA Budget Form must also be completed. Additional supporting documentation will normally be required when applying for assistance. Applicants are encouraged to review "Applying for Assistance" for additional information.
To insure uniformity of treatment and fairness to all clients, certain limitations have been established where assistance is not normally permitted.
CGMA funds will not normally be provided for long-term, continuing or frequent use of assistance for Unauthorized Items listed at website.
With only a few exceptions, almost everyone associated with the U.S. Coast Guard is eligible to request assistance from Coast Guard Mutual Assistance on behalf of themselves or their immediate family members.Eligibility under special circumstances may apply in certain situations. Additional eligibility limitations and guidelines specific to each type of assistance may also apply. Eligibility to receive assistance for themselves or on behalf of their immediate family members is generally extended to, U.S. Coast Guard: