* Navy FCU, Vienna, Va., has set up a 24/7 sequestration hotline (877-874-0042) for members to discuss how the sequester will affect them and how they can prepare themselves. The CU is offering a number of products to assist, including skip-a-payment options on loans and an overdraft line of credit, which charges 3% and will be available from March 4 until June 30, 2014.
* Pentagon FCU, Alexandria, Va., is allowing members furloughed or laid off due to sequestration to skip payments on loans, modify loans on a case-by-case basis, apply for low-interest debt consolidation loans, and access funds in certificates of deposit without paying a penalty.
* Treasury Department FCU, Washington, is offering members a three-year line of credit for up to $5,000, as well as allowing members to refinance existing loans to stretch terms and lower interest rates if necessary.
* Justice FCU, Chantily, Va., is offering members loans of up to $10,000 (based on the members' net pay deposit each month) at 0% for 50 days, after which it converts to a fixed 4.9%. Members can also defer one payment per loan and make other arrangements with JFCU on a case-by-case basis.
* Kennedy Space Center FCU, Merritt Island, Fla., is offering members 0% loans for up to 12 months in the amount of one biweekly or two weekly net paychecks (up to $3,000). Non-members can also join and apply for the loan with proof of a government job and a copy of a recent paystub.
* Northwest FCU in Herndon, Va. is offering loans of up to $10,000 at 0%, and the loan is available to qualifying members for up to 90 days after their furlough period ends. The CU is also waiving early withdrawal penalties on CDs and making financial counselors available to help members with money management and debt reduction.
* CPM FCU in North Charleston, S.C. is offering one-time-only unsecured loans equal to a member's monthly pay, up to $2,000 at 3% with no payments for 90 days. CPM is also offering penalty-free withdrawals on CDs, regardless of the certificate's maturity date.
