Taking a proactive approach to a potential government shutdown, JetStream Federal Credit Union in Florida has unveiled a 0% Furlough Relief loan to lend a hand to its 15,700 members employed by the federal government.
Members who take advantage of the Furlough Relief loan will have 60 days to pay the balance. If the amount cannot be repaid at that time, the loan will convert to a 12-month signature loan with an 8.99% interest rate.
"The FAA and other branches of the federal government have been our core membership since 1947. Assisting our members during this challenging period by providing them with financial options is our top priority." said Jeanne Kucey, CEO/president of the $126 million credit union in Miami Lakes and a member of the NAFCU board.
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