ONTARIO, Calif./LAS VEGAS--California’s Credit Unions and Nevada’s Credit Unions today announced a broad package of financial relief options for employees of the federal government impacted by the government shutdown.
According to Congressional Research Services, over 155,000 federal employees work in California and several thousand in Nevada. This does not include the thousands of employees who work for federal contractors and may also be impacted, the leagues stated.
During the shutdown, credit unions throughout California and Nevada are offering various support services, which may include:
- Loan Relief: Loan payment deferrals and temporary hardship modifications
- Emergency Assistance: Short-term, low- or no-interest loans to cover essential expenses
- Fee Waivers: Waiving late fees, overdraft fees, and penalties
- Financial Counseling: Access to financial wellness counselors to provide budgeting and debt management guidance
- Online Resources: Tools and information on league websites to help with everyday expenses such as food, utilities, housing and healthcare
“Credit unions are financial institutions focused on their mission of ‘people helping people.’ This includes times of need and emergencies, such as the government shutdown,” said Stephanie Cuevas, SVP of federal advocacy for California’s Credit Unions and Nevada’s Credit Unions. “Credit unions are moving quickly to offer support to federal workers — from TSA agents to air traffic controllers, service members, and more. The goal is to support families during these times of uncertainty while the shutdown is resolved in Washington."