March 19, 2013 – NAFCU is reiterating its call to credit unions to be prepared for a worst-case scenario as Congress works against a fast-approaching deadline for action on a continuing resolution to avoid a government shutdown March 27.
When Congress adjourns this weekend, it will embark on a two-week recess, so this week is a critical time for action. A new CR would keep the government funded for the remaining six months of the fiscal year.
The Senate’s version of a new CR is expected to include provisions giving flexibility to a number of government agencies in determining how to implement spending cuts relating to sequestration. The House version, approved March 6, limited that flexibility to the Department of Defense.
NAFCU has already heard from several credit unions about efforts they are taking to assist members affected by sequester cuts and a possible government shutdown. The association is encouraging more credit unions to do so. NAFCU shares this information with Hill contacts, federal government agencies and servicemember organizations.
Send information on these preparations to Quincy Enoch, NAFCU’s associate director of legislative affairs and military liaison, at qenoch@nafcu.org.