Credit Unions in Georgia are finding ways to assist their customers who are struggling due to the partial government shutdown.
In Columbus, TIC Federal Credit Union is offering an interest-free loan for federal employees and GeoVista in Hinesville is providing penalty-free withdrawals on certificates, extensions and interest-only payments on certain loan types, and the possibility of interest-free notes with rollover options.
Other Credit Unions are offering skip-a-pay options to customers.
"As a former Federal Employees Credit Union, we knew many of our members would feel the burden of a government shutdown," said Tom Maiellaro, Vice President of Marketing for Associated Credit Union. "It was important to us that we had a solution in place before the announcement was made so our members wouldn't have to worry about a situation that's out of their control."
Known for offering lower interest rates and fewer fees, credit unions are taking the "people helping people" philosophy a step further during the government shutdown. Robins Federal Credit Union in Warner Robins has a large group of members who are federal employees. Their options during the shutdown include loan extensions, skip-a-pay options and expedited approval on credit cards and lines of credit.
"Our members are our most valuable asset, and many of our members are employed through the federal government," said John Rhea, President and CEO of Robins Federal Credit Union in Warner Robins. "We would be remiss if we did not support our members during these trying times."
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