Belvoir, Service CUs Offer Options if Government Shuts Down
The $269 million Belvoir Federal Credit Union in Woodbridge, Va., and the $1.8 billion Service CU in Portsmouth, N.H., said they are offering emergency loans and other products to their members in case the federal government shuts down tonight.
Belvoir FCU’s offerings include an Emergency Loan, skip-a-payment option for members who currently have loans, and personal financial consultation services. The 27,000 member CU already is offering the services on its home page.
The 143,000-member Service CU will credit direct deposit or allotments for military, government service and Social Security for members. It will also provide a 0% loan rate with 30-day payback and a line of credit up to their direct deposit for all other government paid members.
White House, Senate and House negotiators met until early this morning to try to resolve differences but no agreement was reached. The existing spending plans run through midnight tonight so any closing would take effect beginning tomorrow.