America First Credit Union is helping to ease the burden of its members affected by the shutdown of government agencies across the nation by providing a special Furlough Assistance Loan. The personal loan of up to $4,000 will be made available to federal employees who have been furloughed due to the recent government shutdown. Additionally, America First, which has more than 988,000 members, is also offering members no-cost counseling services, loan extensions and numerous free and low-cost benefits.
“The recent government shutdown has started a domino effect throughout our communities and we are thankful to be in a position to provide financial assistance and guidance to our members,” said John B. Lund, president and CEO of America First Credit Union. “In these difficult times, we stand resolute with those affected and promise to remain a trusted financial institution for those who have devoted their lives to serving our country.”
To be eligible for the Furlough Assistance Loan, individuals must be America First Credit Union members and have missed a paycheck due to the shutdown. The Furlough Assistance Loan will be available one-time only and offers terms up to seven months, with one-month interest free. The loan has a zero percent interest rate for the first 30 days and then a 4.99 percent interest rate that begins to accrue on day 31. Applicants must provide proof of federal government employment including a recent paystub not older than 30 days, military or government ID or a verified direct deposit from a federal employer to America First.
America First members can also take advantage of free financial counseling, free financial education and safe savings programs. Members are encouraged to contact America First about the options available to them by calling 1-800-999-3961 by visiting America First’s Financial Counseling resource page online or by stopping into their local branch.
About America First Credit Union
With a long-standing history and more than 79 years servicing members, America First has become one of the largest, most stable and most progressive credit unions in the country, and has remained a member-owned, not-for-profit cooperative financial institution. Today, America First has 129 locations, and is the 10th largest credit union in assets in the United States with over $10.2 billion, and the sixth largest credit union in membership in America with more than 988,000 members.