Through its Life Line Loan, Hanscom Federal Credit Union said it is ready to assist members who are federal employees with financial hardships brought on by the sequestration.
The interest-free loan went into effect on March 1, which was the same day that sequester cuts kicked in. The cuts are approximately $85.4 billion in reductions in federal spending that are expected to impact defense spending, federal employees and other areas.
Headquartered at Hanscom Air Force Base in Massachusetts, the $1 billion credit union serves 48,515 members nationwide and overseas.
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