FedChoice FCU Provides Assistance Program in Event of Government Shutdown
FedChoice Federal Credit Union announces FedAssist, an assistance program to be offered in the event of a government shutdown.
The new FedAssist Flex Loan is designed to allow both federal government employees and federal contractors impacted by the shutdown to receive funds of up to two months of their net pay to help them get through this potentially challenging time. The loan will be available to new and existing FedChoice members who can verify that they have been impacted by the shutdown.
This is not the first time FedChoice has provided aid to its members during a shutdown. FedChoice also gave support during the longest recorded government shutdown in late 2018 into 2019. The Credit Union also has allowed affected members to skip loan payments and have select withdrawal fees waived. Members affected by the shutdown were also offered exclusive assistance loans which have evolved into the new FedAssist Flex.
“As a credit union built by federal employees for federal employees, we are delighted to be able to provide funds to help Federal employees and contractors continue living as usual even when they aren’t being paid during a government shutdown. Serving the Federal community through good times and bad is the reason we exist,” said Brett Noll, President and CEO.
Anyone interested in learning more about the program or membership eligibility can visit https://www.fedchoice.org/fedassist/.
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