Self-Help Blog update: Government Shutdown Loans for Furloughed Federal Employees

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U.S. Capitol

Because of the current U.S. government shutdown, many federal government employees and their families are hurting. In response, Self-Help Credit Union is offering a hardship loan at reduced interest rates of 0% to 3.5% APR (annual percentage rate) for furloughed federal workers.

Loan Features and Requirements

• Applicants must join Self-Help Credit Union before applying for a Government Shutdown Loan, if they are not already a member.

• The Government Shutdown Loan amount can be up to the member’s “take home” pay period total.

• These loans carry a 0% APR* for members who normally have their full net pay direct deposited into a Self-Help Credit Union share draft or share account. The net pay amount must be verified by a payroll stub or m...

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