Loans for Furloughed Employees



The Furlough Center

Stay up-to-date with all of your options during the financial challenges that you may be facing with the shutdown.
After This Recent Shutdown, FedChoice Will Continue to Help Our Impacted Members By:

Waive Withdrawal Penalties - If you need early access to the funds that you’ve saved in your Holiday Club Account or FedChoice Certificate, you may withdraw your money before maturity to help get you through the furlough. And, FedChoice will waive the early withdrawal fee/penalty!

If you would like to have early access to funds, please contact us.

Note: Dividends that would have posted at maturity will be forfeited if you choose to close your Holiday Club Account early.  If, however, you leave the account open with a zero or any balance, accrued dividends will be posted on 10/31/19. Certificate dividends will be posted by FedChoice staff prior to making your withdrawal.

Offer Shutdown Loan Options - If you are a Federal civilian employee or a Federal Contractor who did not receive a paycheck as a result of a Federal government shutdown, you have two options our Here4U loan or our Furlough Loan.

To be considered for a Here4U Loan, the following criteria must be met:
  • Must have had direct deposit with FedChoice for at least 90 days prior to application. You may receive up to 75% of your normal monthly direct deposit with a 0% APR interest rate.
  • You are an employee or Federal contractor for the Federal Government who did not be receive a paycheck as a result of the Federal Government shutdown.
  • 60 days until first payment, 6 month repayment term with six equal payments.
  • This loan requires a minimum credit score of 614. If you apply for this loan and do not meet the minimum credit score required, we will convert your loan application into a normal Furlough Loan application.

You must select the Here4U loan from the drop down when applying.

Submit your application online.

To be considered for a FedChoice Furlough Loan, the following criteria must be met:
  • You must be a member of FedChoice. If you are not a member and wish to apply for membership, click here to learn more about our membership requirements.
  • You are an employee or Federal contractor for the Federal Government who did not be receive a paycheck as a result of the Federal Government shutdown.
  • You may receive the equivalent of two month's net pay as the maximum loan amount (Pay stub must be provided as proof of employment).+
  • Repayment terms
    • 60-day delay before your first payment is due.
    • 6, 12, 24 or 36 month repayment terms.
  • Copy of Furlough notice will be required.
  • Interest rates starting as low as 2.50% APR for 6 month term; 3.50% APR for 12 month term; 4.50% APR for 24 month term; 5.50% APR for 36 month term.^

Submit your application online.

Offer an Additional Skip-a-Pay - Have a loan with FedChoice? You may also qualify to take advantage of Skip-a-Pay on your FedChoice loan even if you have skipped a payment within the last 12 months. This option is available on vehicle loans, VISA® credit cards, lines-of-credit, and personal loans. Share secured (loans/credit cards) and real estate loans do not qualify for this program. You may skip up to two months worth of payments during the Shutdown. Note: Interest will continue to accrue on your account.

Work With Members on Home Equity Loans and Lines-of-Credit - Please contact us if you believe you will need additional time to make your payment. At this time we may be able to assist members with an extension on these loans.

If you would like to Skip-A-Payment, please contact us.

Refinance Your Auto Loan - Take advantage of our 90 days first payment option and take some time off from your loan. We make it quick and easy to apply online. Get a quick approval, automatic deductions and a streamlined application process. Ready to get started? Simply login to eBanking, select "Apply for a Loan" and then choose "Vehicle Loans" or click here!^

Speak With A Financial Counselor -  We want to help you make smart financial choices, so we've partnered with GreenPath Financial Wellness. GreenPath is one of the largest and most respected credit counseling agencies in the nation. They work to empower you to eliminate financial stress, get out of debt, increase savings and increase your financial goals. Learn more about what GreenPath can offer you by clicking here

FAQs - We Answer Questions We've Gotten - As this Shutdown carries on, we’ve gotten a number of questions that we’d like to answer all in one place. This is simply some advice (and answers!) that we’d like to offer based on more combined years of experience with helping members than we can really count.

Consider the Following Options to Help Secure Your Financial Position During this Difficult Period:

Make Access Easy

  • Sign up for eBanking to allow easy access to your funds.
  • Download our Mobile eBanking app - stay in touch with your money. Mobile Deposit is available if you’re unable to access your local FedChoice Financial Service Center inside your building to make deposits.
  • Consider an Instant Access Line-of-Credit – when added to your Checking Account, it means that you have funds when you need them.

Even More Ways to Save

  • Own your car free and clear? Apply for a Clear Title Auto Loan – use a great low rate on an auto loan to consolidate high interest debt and defer your first payment for 90 days! Ask us for details.
  • Consider a low interest rate Home Equity Line or Loan.
  • Transfer your high interest credit cards to FedChoice with no-fee balance transfers!
  • Take advantage of FedChoice discounts with Nationwide Insurance.
  • Consolidate student loans to save more money.

All credit is subject to credit approval. FedChoice underwriting requirements apply. APR = Annual Percentage Rate. APR is based on evaluation of applicant’s credit at time of application. Your actual APR may vary.

+Proof of Furlough will need to be provided to qualify for the reduced rates. No discounts may be applied to the Furlough Loan.

FedChoice Locations

Open Normal Hours

  • ATF Financial Service Center
  • Lanham Financial Service Center
  • National Financial Service Center
  • New Carrollton Financial Service Center
  • Philadelphia Financial Service Center
  • Member Care Center


  • On-Site Service Center - National Archives
  • Brentwood Financial Service Center

Hours Change - Member Care Center

January 28th - February 1st - Hours extended until 5:00pm.

Share Your Shutdown Stories

Have you been impacted by the Government Shutdown? Share your story for a chance to win a $50.00 gift card* Click here to read stories from other FedChoice members affected by the government shutdown.