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.

Continue Reading for Free

Register and gain access to:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.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.