The $599 million Justice Federal Credit Union in Chantilly, Va., said it would offer its members from the Department of Justice and Department of Homeland Security interest-free and then low-interest unsecured loans if the federal government shuts down next week.
The 56,400-member credit union said it also would allow existing members with a Justice FCU consumer loan or Visa credit card to request one payment deferral per loan. The personal loans could be for up to $10,000 and will convert to 4.9% for a term of 24 months after 60 days.
Justice FCU also invited new members to join.
“Supporting the Justice community is a vital part of our mission. We were there for our members during the last government furlough and plan to be there for them again,” said Justice FCU President/CEO Peter Sainato.
Navy Federal earlier this week said it would cover direct deposits of active duty military members if the shutdown occurs next week.
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.
