WASHINGTON, D.C. – Congresswoman Jackie Speier (D-San Francisco/San Mateo/Redwood City) applauds credit unions nationwide for offering help, including no-interest loans to federal government workers who have been furloughed or who won’t get paid during the shutdown. 

Speier stated, “As the federal government remains shut down, car, credit card and mortgage payments, student loan payments and others bills owed by federal government workers and their families must still be paid on time. The credit unions have stepped in to provide temporary relief and security. I applaud the credit unions for alleviating the financial stress to some many federal employees who are caught in the crosshairs of the Congressional family’s dysfunction.”   

Below is a list of credit unions nationwide assisting those affected by the federal government shutdown. 


List of CA-based credit unions assisting those affected by federal government shutdown:

Cabrillo Credit Union, San Diego- https://www.cabrillocu.com/Home.aspx
The credit union’s Payroll Assurance Loan was created to help certain federal employees who temporarily don’t receive their payroll deposit due to natural disasters or government shutdowns. For this government shutdown, it has temporarily modified PAL so instead of automatically repaying a member’s loan advance when the member does get paid, it will remain at 0 percent APR through November 8. After that, the member can convert it to a 4.5 percent loan with 12 months to pay it back. The credit union also has a furlough loan for those not yet a member or who don’t have direct deposit with the institution. The loan allows consumer to get up to $2,500 at 9 percent in order to help cover the loss of income during the shutdown.

CBC Federal Credit Union, Oxnard- www.cbcfcu.org/
Credit union will provide individual assistance as needed for any member affected.

Desert Valleys Federal Credit Union, Ridgecrest- http://www.myhomecu.com/ASP/home.asp
The credit union is initiating an emergency program to help families affected by the shutdown. Beginning October 9, Desert Valleys will offer “Shutdown” loans up to 100 percent of an employee’s net paycheck amount to existing and new members of the credit union.  The loans include a $20 processing fee and options for a 60-day repayment period at zero percent interest.

First California Federal Credit Union, Fresno- http://www.firstcalfcu.org/home.php
Credit union serves federal civil service employees, retired employees of the federal government living or working in Fresno County, and current or retired members of the U. S. Armed Forces living or working in Fresno County—will provide individual assistance as needed for any member affected, including payment arrangements and extensions.

Members 1st Credit Union, Redding- https://www.membersonline.org/
Credit union is offering financial assistance to all federal government employees who live, work, or worship in Shasta and Tehama Counties—regardless of whether they are members of the credit union or not. It will provide zero-percent interest payroll assistance loans up to $3,000 for 12 months, fee free, and personal loan options with different rate options for terms 24-36 months. Members with existing loans will have additional flexibility with modified payments or skip payments. And federal employees will receive expedited review and approval for line increases or new credit lines on their Members 1st credit card.

North Island Credit Union, San Diego- www.nifcu.org/
Credit union is offering variety of ways of assistance, including for loan payments, penalty-free certificate withdrawals (waiving early-withdrawal penalties for furloughed Island members needing to cash in certificates to cover expenses), and a special 3 percent signature loan.

Pacific Marine Credit Union, San Diego- https://www.pmcu.com/
Credit union—which is open to residents living in San Diego, San Bernardino, and Riverside counties— is offering interest-free advance credit of direct deposit.

Redwood Credit Union, Santa Rosa- https://www.redwoodcu.org/
Credit union has let its members know the credit union is there to support them, and is placing information on its website. Some of the services it could provide to affected members include: payroll replacement/advance assistance, deferred payments on RCU loans and lines of credit, early withdrawal of funds from RCU share certificates without penalties, and money management and budgeting information and tools.

Sea Air Federal Credit Union, Seal Beach- http://www.seaairfcu.org/
Credit union is offering 5 percent line of credit, loan payment deferment, and penalty-free withdrawals on certificates.

Travis Credit Union, Vacaville- https://traviscu.org/
Credit union is offering zero-percent interest loans. For the first 90 days the member will not accrue interest or 30 days after a federal budget is in place, whichever occurs first, and the amount financed will not exceed 100 percent of the member’s net pay.
In addition, Travis—which is open to those living or working in Solano, Yolo, Sacramento, Placer, San Joaquin, Stanislaus, Napa, Contra Costa, Alameda, Sonoma, Colusa, and Merced counties—will cover the October 15 payroll for active-duty and federal employees who are members that have their pay directly deposited in a credit union account if Congress and the White House don’t agree on a spending budget by that date.

Ventura County Credit Union, Ventura- https://www.vccuonline.net/
Credit union will provide discounted rates, skip-a-payments, financial counseling and more for affected members.

List of credit unions nationwide assisting those affected by the federal government shutdown: 
Air Force FCU
Interest free advance credit of direct deposit
Loan payment deferment
Bridge loans
Payment reduction
America’s Credit Union
Interest free advance credit of direct deposit
Penalty free withdrawals on certificates
Loan payment deferment
Andrews FCU
Interest Free loans
APGFCU
Low interest loans
Loan payment deferment
Penalty free withdrawals on certificates
Arkansas FCU
Interest free advance credit of direct deposit
Loan payment deferment
Belvoir FCU
Interest free emergency loan
Loan workouts
Penalty free withdrawals on certificates
CINFED CU
Low interest loans
Loan payment deferment
Penalty free withdrawals on certificates
Congressional FCU
Low interest loans
Loan workouts
Department of Commerce FCU
Low interest loans
Loan payment deferment
Loan workouts
Department of Labor Federal Credit Union
Loan payment deferment
Eglin FCU
Low interest loans
Loan workouts
Penalty free withdrawals on certificates
Energy Federal Credit Union
Furlough Loan
Collections skip-a-pay
Workout Programs
FedChoice FCU
Low interest loans
Loan payment deferment
Loan workouts
First Flight FCU
O% interest credit line
Loan payment deferment
First Light FCU
Penalty free withdrawals on certificates
Loan payment deferment
Loan modification
Fort Bragg FCU
Low interest loans
Loan payment deferment
Loan workouts
Penalty free withdrawals on certificates
Fort Knox FCU
Interest free loan
Loan workouts
Penalty free withdrawals on certificates
Fort Sill FCU
Loan payment deferment
Interest free emergency loan
GPO FCU
Loan payment
Loan Modification
Special Loan Assistance
Hanscom FCU
Interest free loans
Penalty free withdrawals on certificates
Harborstone
Interest free emergency loan
Loan modification
Refinancing of loans to lower payment
Penalty free withdrawals on certificates
JetStream FCU
Interest free loans
Justice FCU
Interest free emergency loan
Loan payment deferment
Kennedy Space Center FCU
Interest free loans
Kessler FCU
Interest free advance credit of direct deposit
Penalty free withdrawals on certificates
Loan payment deferment
Lafayette FCU
Low interest loans
Marine FCU
Interest free advance credit of direct deposit
McCoy Federal Credit Union
Interest Free Loan- Open to Member and Non-member accounts
Loan Payment Deferment
Members 1st Federal Credit Union
Interest Free Loans
Loan Payment Deferment
Loan Workouts
Minuteman Community FCU
0% line of credit
Penalty free withdrawals on certificates
Loan payment deferment
NARFE Premier FCU
Low interest loan
Loan payment deferment  
NASA FCU
Low interest line of credit
Loan workouts
Navy FCU
Interest free advance credit of direct deposit
Low interest loans
Loan workouts
North Island CU
Low interest loans
Loan workouts
Penalty free certificate withdrawals
Northwest FCU
Loan payment deferment
Mortgage payment assistance
Member Solutions Program
NRL FCU
Low interest loans
NSWC FCU
Low interest loans
Low payment deferment
Penalty free withdrawal on certificates
One Nevada CU
Interest free advance credit of direct deposit
Pacific Marine
Interest free advance credit of direct deposit
Pearl Harbor FCU
Low interest loans
Loan payment deferment
Loan workouts
Pen Air FCU
Interest free loan
Pentagon FCU
Redstone FCU
Low interest loans
Loan payment deferment
TIC FCU
Interest free advance credit of direct deposit
Penalty free withdrawals on certificates
Loan payment deferment
Randolph-Brooks FCU
Provisional interest free Credit
Sandia Area FCU
Loan payment deferment
Loan workouts
Penalty free withdrawal on certificates
Scott CU
Interest free loans
Schofield FCU
Partial interest free advance credit of direct deposit
Loan payment deferment
Refinancing of loans to lower payment
Penalty free withdrawals on certificates
1% emergency loans
Sea Air FCU
5% line of credit
Loan payment deferment
Penalty free withdrawals on certificates
Securityplus FCU
Low interest loans
Loan workouts
Penalty free withdrawals on certificates
Security Service FCU
Service Credit Union
Interest free advance credit of direct deposit
Low interest loans
State Department FCU
Interest free line of credit
Loan payment deferment
Loan workout
TDECU
Interest free loans
Loan payment deferment
Tinker FCU
Loan workouts
Tower FCU
Low interest loans
Loan payment deferment
Loan workouts
Transportation FCU
Low interest loans
Loan payment deferment
Loan workouts
Treasury FCU
Interest free advance credit of direct deposit
Loan payment deferment
Tyndall FCU
Low interest loans
Loan payment deferment

###