Fedchoice Federal Credit Union - Altogether Better



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We Are Here For Our Members

We Stand Ready To Assist

FedChoice is ready to assist you during the government shutdown. If you’re a Federal civilian employee and will not be receiving your paycheck as a result of your agency closure, you may be qualified to obtain a FedChoice Furlough Loan and/or participate in Skip-a-Pay if you already have a loan with us. The details of each program are described below.

To be considered for a FedChoice Furlough Loan, the following criteria must be met:

  • You are a Federal civilian employee (active or retired) who will not be receiving a  paycheck or retirement check as a result of the Federal government shutdown.

  • You may receive the equivalent of one month’s net pay as the maximum loan amount (Pay stub must be provided as proof of employment).+

  • Repayment terms

    • 90 days before your first payment is due.

    • 6, 12, 24 or 36 month repayment terms.

  • Direct deposit at FedChoice must already be established.

  • Interest rates starting as low as 3.90% APR for 6 month term; 4.90% APR for 12 month term; 5.90% APR for 24 month term; 6.90% APR for 36 month term.^

You may also qualify to take advantage of Skip-a-Pay on your FedChoice loan. 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. If you foresee a problem paying any loan with FedChoice, please contact us as soon as possible.

Note: Interest will continue to accrue on your account.

If you need assistance as a result of the Federal government shutdown, call the Financial Advisory Center at 301.699.6151 l 800.969.6151 or come in to one of our Financial Service Centers to obtain additional information.

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. FedChoice Federal Credit Union’s normal underwriting requirements apply. 




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