| Home |
Articles | Credit Unions Provide Assistance for Furloughed Federal Employees
Credit Unions Provide Assistance for Furloughed Federal Employees
The National Association of Federal Credit Unions (NAFCU) last week launched a
new web page that provides links to credit unions with furlough assistance
programs for federal employees affected by the sequester.
NAFCU's Credit Union Furlough Assistance web page is a destination for links
to credit unions that have already established furlough assistance programs for
members. The page will be updated as new institutions weigh in with information
on their own programs.
"Credit unions are doing great things to help their members," Enoch said.
"Hundreds of thousands will be negatively affected by furloughs. We want to make
sure they know their credit unions are ready to help," said Quincy Enoch,
NAFCU's Associate Director of Legislative Affairs.
To view the Credit Union Furlough Assistance page, to
The credit unions listed on the page have special programs in place to assist
federal employees affected by furloughs. While the programs vary, some credit
unions are offering no-interest or low-interest short-term bridge loans,
penalty-free early withdrawals on savings certificates, and free financial
If a credit union near you is not on the list, NAFCU "encourages anyone
facing a financial challenge to talk to representatives of their credit