Navy Federal Offering Support to Members Impacted by Potential Government Shutdown

Credit union again making 0% APR “Paycheck Relief” loans available to eligible members

VIENNA, Va. (December 12, 2024) – With a December 20 deadline to extend federal spending authorization looming, Navy Federal Credit Union announced today that it will again launch a paycheck assistance program to support its members during a potential lapse in government funding. 

The program will be available to any military servicemember, federal government employee or contractor who is paid directly by the federal government, receives a paycheck via direct deposit with Navy Federal, and whose pay would be impacted by a shutdown of the federal government.

“Any shutdown threat is a real concern for many of our nation’s servicemembers and federal employees,” said Pete Amstutz, Navy Federal’s senior vice president of savings and membership. “That’s especially true during the holiday season. This important paycheck assistance program will again be available to our members should government funding lapse for any period of time.” 

Navy Federal activated support programs during shutdowns in 2011, 2013 and, most recently, in 2018-2019, when it collectively provided loans to nearly 20,000 credit union members. 

Navy Federal Credit Union: Established in 1933 with only 7 members, Navy Federal now has the distinct honor of serving more than 14 million members globally and is the world’s largest credit union. As a member-owned and not-for-profit organization, Navy Federal always puts the financial needs of its members first. Membership is open to all Department of Defense and Coast Guard Active Duty, Veterans, civilian and contractor personnel, and their families. Dedicated to its mission of service, Navy Federal employs a workforce of 24,000 and has a global network of more than 360 branches. For more information about Navy Federal Credit Union, visit navyfederal.org. Federally insured by NCUA. Equal Opportunity Employer.