Minn. CUs Step In In Wake Of Gov. Shutdown
A number of this state's credit unions were offering help last week to state employees as Minnesota operated with the first partial shutdown of government in its history.
Some 9,000 employees were temporarily laid off due to a budget impasse. It was believed for a while that the Department of Commerce would be among those state entities forced to endure the temporary shutdown, therefore halting examinations and applications for credit unions and other financial institutions. However, continued funding for the Department of Commerce was included in a bill that passed just prior to the holiday weekend, according to the Minnesota Credit Union Network.
Among those offering assistance are Affinity Plus Federal Credit Union and Hiway FCU, both based in St. Paul. Affinity Plus is offering automatic 30-day extensions for members on loan payments.