NASA Fed Preps For Federal Shutdown
UPPER MARLBORO, Md. – NASA FCU is making arrangements for skip-a-payment loans and other relief in case the continuing budget impasse in Congress causes a federal government shutdown.
Upon a government shutdown, members may apply for a Delayed Paycheck and Furlough Relief Loan by contacting NASA FCU. The program also is available to new members who join the credit union and meet the program’s criteria. The loans will cover federal employees’ net wages interrupted by a federal government shutdown. For those members with delayed paychecks, the credit union will offer a 0% interest loan up to 30 days.
For furloughed federal workers, a 12-month signature loan will be available with preferred rates, including 0% interest for the first 30 days.
“We are standing by in the event of a federal government shutdown,” said Doug Allman, president of the $1 billion credit union, which serves hundreds of government agencies. “We’ve always been here for our members, especially in times of financial uncertainty.”