The $54 billion Navy Federal Credit Union said this week itwould cover direct deposits of active duty military members if thegovernment shuts down next week.
|A government shutdown is possible at midnight on Sept. 30 ifCongress doesn't act on a continuing resolution, but Navy Federalsaid it will process Oct. 1 direct deposits to active dutypersonnel as normal and also will cover their Oct. 15 pay.
|“Our number one concern is our members and their families,”Cutler Dawson, Navy Federal president/CEO, said in a statement onTuesday.
|“By covering their 15 October pay, our active duty members willnot see a difference in their direct deposit amount—as if therewere no shutdown,” he said.
|As for civilian employees affected by the ongoing sequestration, Virginia-based NavyFederal already has a program that features a specially priced lineof credit, along with other forms of financial assistance.
|“This remains in place for all affected federal governmentemployee members in the event of a shutdown,” the 4.4 million member credit union said in its statement.
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