With government shutdown looming, Navy Federal offers help to customers


By J.G. Noll

On April 26, Navy Federal Credit Union (NFCU) will allow those who may be affected by a possible government shutdown to apply for a standby loan with an 0% Annual Percentage Rate.

Those eligible must already bank with NFCU and have their net pay deposited into an NFCU account. They must also be active duty service members, Army or Air National Guarsdmen on federal active service, armed forces officer candidates, or civilian DoD employees. Those applying for loans can register beginning April 26 and ending three days after the individual’s first scheduled pay day that is disrupted should a government shutdown take place.

NFCU will disburse loans only if a government shutdown affects the regular pay schedule for armed forces and/or DoD employees. The loan will not accrue interest and has no fees associated with it. Once the regular pay schedule resumes, NFCU  will automatically deduct the amount of the loan. To find out how much you are able to apply for, click here.

In the past, Marine Credit Union and USAA have also offered help to those who could be affected by a government shutdown. At the time of publication, neither institution had yet publicized a plan for their customers.

Updated 10:44 AM, April 26: USAA confirmed to MilitaryOneClick that they will offer assistance to members affected by a government shutdown. Read more about it here.