You want someone who understands the unique challenges that you face...
At FedChoice, we understand the immense pressure and uncertainty you face when unforeseen events, like a government shutdown or disaster, impact your income. As a credit union founded to support the Federal community for over 90 years, our commitment runs deep. We are not just a financial institution; we are your dedicated partner.
When you need us most, our FedAssist program is here to offer real compassion and practical support to help you protect your financial well-being, regain control, and take care of your family.
During a Government Shutdown
With a partial shutdown currently occurring, FedChoice has made the following option available to our current and new members:
As always, we encourage you take advantage of these additional options that could help you find savings or free up cash.
- Balance transfers to our low-rate credit cards
- Home Equity and Instant Access lines-of-credit draws
- Clear Title Loans
- GreenPath Financial Wellness counselors to eliminate financial stress
FAQ's About Our FedAssist/Furlough Support
FedAssist Furlough Loan+
Our 90 years of experience supporting Federal Employees means we are ready to step in when you need it most. We welcome current and new members to apply for this loan!
| You may receive the equivalent of one month's gross* pay as the maximum loan amount up to $15,000 plus 60 days until first payment in 6, 12, 24 or 36 month repayment terms. | |
| Term* | As Low As Rate^ |
|---|---|
| 6 Months | 3.25% APR |
| 12 Months | 4.25% APR |
| 24 Months | 5.25% APR |
| 36 Months | 6.25% APR |
| *Gross pay is your pay before any deductions are taken out. | |
In order to be eligible for this loan, the following criteria must be met:
- You are an employee or Federal contractor for the Federal Government who did not receive a paycheck as a result of the parital Federal Government shutdown. Most recent pay stub is required to prove employment.
- Copy of Furlough notice is required.
+Proof of Furlough will need to be provided to qualify for the reduced rates. No further discounts may be applied to the Furlough Loan.
* Deviation from offered terms may result in a delay in processing your loan application.
^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.
Let's talk about the options that are best for you.
Contact us or call 800.969.6151
We look forward to helping you during this time.