As Government Shutdown Looms, CUs Announce Member Assistance

Posted by Marissa Anema Thursday, April 07, 2011 12:19:00 PM

WASHINGTON - With little more than a day to go to avert a government shutdown, many credit unions, particularly those in the Metro DC area, have announced plans to assist military and government personnel.

There has already been press on what some Washington-area credit unions are planning including short-term, no-interest personal loans; waived delinquency fees; and skip-a-loan-payment options to members impacted by a shutdown.

CUNA would like to get additional input from across the country on what plans other credit unions may be initiating to address the potential government shutdown, according to NJCUL President/CEO Paul Gentile. "This is an excellent opportunity to showcase the credit union difference," Gentile said. He encouraged New Jersey credit unions with similar plans to share them with NJCUL Director of Marketing & Communications Candice Nigro ( so that their efforts to assist impacted members can be included in any media outreach.

"This is clearly a time where credit unions can look even more fabulous than usual so we want to gather the best that is out there and share this information with the press, as well as policymakers," Gentile concluded.


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