Two Washington, D.C.-area credit unions will make special loans available to their members if the government closes down due to the lack of a budget.
Congressional FCU is offering a Furlough Loan of up to $3,000. There is no interest for the first 30 days after which it converts to a 12-month signature loan with an annual rate of 7.49%
The $494 million credit union is also highlighting its other products, including a one-time 30-day payment delay.
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:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 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.
