With shutdown looming, these credit unions are offering interest-free loans to federal workers

Editor’s note: The Business Journal is providing this story to all readers as a public service.

Roughly 20% of the federal government will shut down at the end of the day Friday if Congress can’t reach a deal by then to fund those agencies, potentially leaving thousands of D.C.-area workers without paychecks for as long as a shutdown lasts.

To that end, several financial institutions, including Navy Federal Credit Union and PenFed Credit Union, are once again offering interest-free personal loans and lines of credit to federal workers who need them during a shutdown.

The first set of agencies to be affected would be the departments of Transportation, Veterans Affairs, Agriculture, Energy and Housing and Urban Development. And a March 8 deadline looms for Congress to reach a deal to fund the rest of the of government, or at least pass a short-term funding extension.

Federal shutdown threats have become almost routine in Washington, with Congress nearing funding deadlines before…

Read the full story from the Washington Business Journal.
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