CUs assisting members during government shutdown

Alabama Sen. Richard Shelby spoke to Face the Nation recently about the government shutdown, warning it could be a lengthy ordeal. The shutdown means 800,000 federal workers have been furloughed or working without pay since Dec. 21. Credit unions throughout the U.S. are taking steps to offer assistance to their federal employee members. An article […]

Alabama Sen. Richard Shelby spoke to Face the Nation recently about the government shutdown, warning it could be a lengthy ordeal. The shutdown means 800,000 federal workers have been furloughed or working without pay since Dec. 21. Credit unions throughout the U.S. are taking steps to offer assistance to their federal employee members.

An article in CNN politics points out that credit unions and banks are looking to help and says, “The Office of Personnel Management was widely criticized after it¬†posted sample letters that federal workers could send to creditors¬†asking for forgiveness or flexibility. Suggestions included offering manual labor in lieu of payment.”

Let’s start a conversation. Is your credit union working to help federal employee members? Please let us know by emailing submissions@lscu.coop.

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The League of Southeastern Credit Unions & Affiliates represents 342 credit unions in Alabama, Florida and Georgia, with a combined total of $118.63 billion in assets and more than 10.1 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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To create an environment that enables credit unions to grow and succeed.

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