Credit unions like Navy Federal with a large number of federal employees are offering interest free loans to those affected by the government shutdown. This will keep pay schedules normal for furloughed federal employees who are members of such credit unions.
Loan amounts are calculated based on the amount of the most recent direct deposit of pay made prior to the interruption of pay. Once direct deposit of pay resumes, the amount credited to your account(s) will be automatically deducted as repayment.
Places like Pentagon Federal, Congressional Federal, and USAA offer similar programs too.
TL;DR: If you’re a federal employee affected by the current government shutdown, your bank or credit union may have support programs in place to minimize disruption to your budget.
Submitted December 26, 2018 at 06:06PM by Cato94 http://bit.ly/2AiSF7B
