Credit unions with employees of the Federal Aviation Administration as members have begun offering loans and other measures to members hit by the FAA funding stalemate.
The 47,000-member FAA CU in Oklahoma City has offered affected members 60-day, interest-free loans for 100% of their last paycheck, up to $6,000, before the agency shut down.
The $502 million CU also said it would refund up to $100 in overdraft fees to members impacted by the furlough as well as allowing them to skip up to two payments on any installment loan other than their mortgages during the first 60 days of the furlough, as well as waiving the fee normally charged for skipping a payment.
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