The $175 million Cabrillo Credit Union of San Diego has begun offering a 0% interest loan to help federal government employees should the government be forced shut down by this weekend.

The furlough loan would provide credit union members employed by the federal government the net amount of their last paycheck to tide them over with a cash flow while not receiving a government paycheck.

"The furlough loan is available upon the official closure of the federal government," said Cabrillo. The shutdown would start Saturday if Congress and the Obama administration are unable to agree on a budget deal.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.