The $294 million Belvoir Federal Credit Union in Woodbridge,Va., is getting ready to help its 27,000 members go over the fiscalcliff if the federal government hits that point.
|Congress and the president have until January to reach and signa deal that will prevent some $600 billion in automatic taxincreases and budget cuts, including to the military. Belvoir FCU serves Fort Belvoir and numerous SEGs in thesurrounding community in Fairfax County, home to a large number offederal workers.
|“We hope a fiscal cliff is averted and Congress comes to anagreement. However, if a compromise is not reached, Belvoir Federalstands ready to serve our members who are impacted by providingfinancial options and services to assist them during thischallenging time,” said Belvoir FCU President/CEO Patricia Kimmel.
|The credit union's help will include emergency loans (one yearat a low rate and 60-day deferment), loan workouts and skip-a-payoptions, as well as financial coaching.
|The credit union has created a fiscal clifflanding page on its website.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- 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.
Already have an account? Sign In
© 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.
