LSCU/credit union media coverage government shutdown

Credit unions helping Floridians during shutdown Miami Herald, Jan. 13, 2019 Thousands of federal workers living in Florida are facing firsthand the pressure of missing their first paycheck as a result of the partial government shutdown. This standoff, coupled with the stress of not knowing when this crisis will end, has sent many folks running […]

News of credit unions assisting members continues to pour in as the government shutdown heads into its fourth week.

The Hawaii Credit Union League reports that several member credit unions have rolled out assistance programs.

The Credit Union Association of the Dakotas also reports that its member credit unions are providing assistance to affected government employees.

The League of Southeastern Credit Unions is maintaining a web page of member credit unions that are offering assistance during the shutdown.

Michigan One Community Credit Union in Ionia offers a Lost Wages Program for members affected by the shutdown.

Teachers Credit Union in South Bend, Ind., has announced a package of relief measures that includes a 90-day member assistance loan, loan payment deferments, delinquent loan solutions, and waiver of early certificate withdrawal penalties.

Avadian Credit Union in Birmingham, Ala., offers a 0% loan for 60 days, plus an additional 30-day loan upon request if the shutdown continues.

Town and Country Credit Union in Scarborough, Maine, offers several types of loans, with terms up to 12 months, to assist members. The credit union expects several dozen members to seek assistance once they miss their first paychecks.

AmeriCU Credit Union in Rome, N.Y., offers interest-free furlough loans, fee refunds, and penalty-free certificate withdrawals.


Credit Union Offers 0% APR Loans to Federal Government Employees During Shutdown

WTVY, Jan. 10, 2019

BIRMINGHAM, Ala. (WTVY) – Avadian Credit Union is offering furloughed federal government employees loans at 0 percent APR to help pay the bills during the federal government shutdown.

“We know it’s hard to be without a paycheck, even when you think you will get paid eventually,” said Linda Cencula, President and CEO. “That’s why we have initiated this shutdown assistance loan program: to help employees of federal government agencies have access to the money they need to meet their financial obligations at no interest.”

Federal employees will be able to take advantage of 0 percent APR loans for 60 days plus an additional 30-day loan upon request if the shutdown is ongoing at that time.

Employees affected by the government shutdown wanting to take advantage of this loan offer should stop by their local Avadian branch, visit, or call 1.888.AVADIAN (1.888.282.3426).

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The League of Southeastern Credit Unions & Affiliates represents 302 credit unions in Alabama, Florida and Georgia, with a combined total of $175 billion in assets and more than 11.6 million members. LSCU & Affiliates provides legislative and regulatory advocacy; education and training; cooperative initiatives (including financial education outreach); public messaging; information services; and business solutions.

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