Government shutdown begins, CUs offer help
Oct. 2, 2013 – NAFCU is inviting any credit unions offering special assistance to members affected by the partial shutdown of the federal government, which began yesterday, to contact the association with details so they can be added to a helpful list for affected credit union members.
The impact of a shutdown will be mitigated to some extent by H.R. 3210, a measure that cleared the House Saturday and the Senate on Monday to ensure the military continues to receive pay in the event of a government shutdown. That measure, signed by the president late Monday, means fewer credit union members that will be left financially strapped in a furlough. Titled the “Pay Our Military Act” and introduced by Rep. Mike Coffman, R-Colo., it also protects the pay for Department of Defense civilians and contractors essential for the military’s support.
For those members who are affected by the shutdown, a number of credit unions have reported they are offering specific assistance to help them through the current furlough. For example, many are offering interest-free, advanced credit of direct deposit, low-interest loans, loan deferments and other arrangements.
NAFCU has assembled a partial list of credit unions offering such help. Credit unions can contact NAFCU Associate Director of Legislative Affairs and Military Liaison Quincy Enoch, at firstname.lastname@example.org, with details about their programs, to be added to the list.
Credit Union Government Shutdown Assistance page