ATLANTA, GA - Associated Credit Union will offer zero percent interest loans and CD withdrawals with no penalty fees to help federal employees in the event of government sequester cuts.
If Congress and the Obama Administration are unable to agree on potential budget cuts, Associated CU’s Federal Employee Relief Loan will provide its government employed members with a loan amount equaling the difference between their last direct deposited paycheck and their paycheck after the sequester cuts. This will provide an interest free money stream while members are receiving a reduced government paycheck. Members can also make CD withdrawals without penalty fees.
“Since 1930, our core membership base has been federal employees. We intend to stand shoulder to shoulder with our members if and when we are needed.” said Associated Credit Union’s President and CEO, Lin Hodges.
Associated Credit Union is headquartered in Norcross with 25 branches in the metro Atlanta area and four in Augusta serving over 156,000 members. Providing low-cost services, ACU is ranked in the top 150 credit unions in the United States. Anyone can join.