Stepping up for members as government shutdown continues
Low-rate loans, financial counseling, and more ease members’ financial burden.
Northland Area FCU CEO Pete Dzuris and Vice President of Member Services Deanna Reeves stand ready to offer assistance to members affected by the government shutdown.
Credit unions serving government employees continue to assist members as the government shutdown heads into its third week.
At Arkansas Federal Credit Union, members affected by the shutdown may be eligible to receive a match to their pre-established direct deposits. Members in good standing with pre-established checking accounts and a direct deposit from the federal government may be eligible for short-term, interest-free loans.
“We’ve already had quite a bit of interest from members,” says Valerie Erkman, senior vice president of marketing at the Jacksonville, Ark., credit union. “We haven’t funded any loans yet, but we anticipate payday to trigger loan funding requests from members.”
Arkansas Federal began receiving higher call volume after the New Year, she adds. “I think that’s when the reality really set in; after the holidays. “We’re here to lessen that impact financially any way we can.”
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