Federal Workers Impacted by Shutdown may Find Financial Assistance Through Their Credit Unions
Credit unions throughout the Northwest are lending a helping hand to members impacted by the partial federal government shutdown.
FOR IMMEDIATE RELEASE
SEATAC, Wash. (Jan. 10, 2019) —For thousands of government workers impacted by the partial federal government shutdown, tomorrow will be the first day they don’t get a paycheck. Many credit unions in Washington are standing by to help their members who are impacted.
As not-for-profit cooperative financial services providers, credit unions practice their “people helping people” philosophy and support their members through good and difficult times alike. Options such as short-term, low-interest loans, lower-interest credit cards, financial counseling, or opportunities to delay loan payments are examples of benefits credit unions offer their members.
“It’s a challenge to manage expenses without pay. If you’re a federal worker or contractor, alert your credit union and find out what options are available,” said Lynn Heider, Vice President, Communications, Northwest Credit Union Association. “Keep in mind that credit unions, as cooperatives, don’t pay Wall Street stockholders. Instead, they reinvest in their members by offering better interest rates and lower fees day in and day out. And in challenging times, credit unions are also likely to have additional options for you.”
Nearly anyone who lives, works, worships, or attends school in Washington is eligible to join a local credit union. For information on how to join a credit union, please visit http://www.asmarterchoice.org.
The Northwest Credit Union Association is the trade association representing over 180 not-for-profit, cooperative credit unions in Idaho, Oregon, and Washington, and their 7.3 million consumer members. Those members are served by a professional workforce of 18,700 professionals. According to an independent analysis by economists at ECONorthwest, Northwest credit unions drove a positive economic impact of $7.7 billion last year.