Member One is taking steps to mitigate the growing financial burden on Southwest and Central Virginia’s federal employees as the government furlough continues.
The credit union has begun offering services like skipped loan payments and personal loans with special terms to members who are federal employees affected by the current shutdown.
“We know that many federal employees call Southwest and Central Virginia home, and we appreciate the hard work they do in our community each day,” said Member One Chief Lending Officer Richard Socha-Mower. “As a local credit union, we want to return that commitment by stepping up to help when times get tough for our members.”
Many working adults in Southwest and Central Virginia are federally employed, including TSA agents and staff at the Poff Federal Building, which houses the Virginia Western District Court.
Federal employees in the region, like those nationwide, can now expect to miss two paychecks. “It is so difficult when the paycheck you rely on is suddenly uncertain,” said Socha-Mower. “We want our members who have been affected by the furlough to know that we are here for them and that they shouldn’t hesitate to let us know if we can help.”