Getting an early bead on the Washington debt crisis, the $1.6billion Texas Dow Employees Credit Union of Lake Jackson announcedover the weekend it will be offering no interest, 30-day“Government Shutdown Loans” to Social Security recipients andothers who might be impacted.
“TDECU will cover all direct deposit government checks if thereis no debt-limit agreement Aug. 2,” said a statement from the139,000-member credit union, adding that the loans are“non-qualifying to those existing TDECU accounts.”
“Many seniors on Social Security simply can't afford to miss acheck,” said TDECU, adding that the one-month term may be extended ifneeded.
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