Editor’s note: The Business Journal is providing this story to all readers as a public service as the region faces the threat of a government shutdown.
Washington is bracing for the increasing likelihood that the federal government will shut down next week, and how long a shutdown will last is anybody’s guess.
There are some 370,000 thousand federal workers in the District, suburban Maryland and Northern Virginia and many of them could face furloughs or have their paychecks put on hold until there’s a plan in place to fund the government. In the meantime, credit unions based in Greater Washington who serve significant numbers of federal employees are standing ready to offer interest-free personal loans and lines of credit to those who need them.
Vienna-based Navy Federal Credit Union, which serves active-duty and retired service members and their families, said that it will offer paycheck advances to customers who are “paid directly by the Federal government” and who are paid…
Read the full story from the Washington Business Journal.
