FAA Compromise Poised to Send CU Members Back To Work
Credit union members who work for the Federal Aviation Administration or firms which are contracted to it will likely head back to work on Monday if the Senate votes today to approve a compromise deal that will fully fund the agency temporarily.
Two credit unions with significant numbers of FAA employees as members had set up programs to help those members pay their bills during the furlough.
The 47,000-member FAA CU in Oklahoma City had offered affected members 60-day, interest-free loans for 100% of their last paycheck, up to $6,000, before the agency shut down.
The 28,000-member SkyOne FCU, headquartered in Hawthorne, California had offered its members signature loans of up to $5,000 with a 48-month term, zero interest and no payments for first 90 days.
The impasse meant at least 4,000 FAA employees across the country and thousands of other contract workers were left without paychecks when Congress left town without having resolved disputes blocking the passage of a bill funding the agency.