MD|DC CUA Makes Lawmakers Aware of Credit Union Assistance for Constituents During Federal Shutdown

The MD|DC Credit Union Association's Advocacy Team reached out to members of the DC Council, General Assembly and Congressional Delegation Wednesday to let them know that credit unions are offering financial assistance to members during the federal government shutdown.

Several lawmakers, including Congressman Anthony Brown and Congresman David Trone have expressed their appreciation for the information and for what credit unions are doing to help their members during this challenging time. You can view the email here.

From the beginning, credit unions have been working with members offering several financial options. The Financial options include but are not limited to: emergency low-interest or no-interest loans, free skip-a-pay, low-interest lines of credit, waiving early certificate withdrawal penalties, financial coaching, payment deferment for existing loans, Loan extension agreements, specialized loans with deferred payments, skipping loan payments, reduced rate loans, and refinance auto loans for a 90-day first payment option.

Financial assistance varies by credit union, so members are encourged to call their credit unions or visit a branch to clarify what assistance they are offering and what special programs might be the right fit.