Federal Credit Unions offer Fur'loans to Federal Workers
Kanawha County, W.Va. (WCHS/WVAH) —
It's payday for federal employees, and many are not seeing a paycheck due to the federal shutdown.
In West Virginia, there are about 18,000 federal workers who've been impacted by the shutdown. Many families are now left without a paycheck but bills to pay, but local credit unions are stepping in to help families.
"They're good honest hard working people who are caught up in bigger events than they have control," said Pioneer WV Federal Credit Union CEO, Dan McGowan.
As the federal shutdown moves into its third week, the Pioneer West Virginia Federal Credit Union is offering zero-interest loans up to $5,000 for 90 days to families impacted.
"We're there to be an advocate for them and a helper for them to get them through this crisis in their life," said McGowan.
The Charleston Federal Credit Union located inside the Federal Courthouse is also offering low-interest loans known as "Fur'loans" to people who qualify. A spokesperson says they've had about a dozen people come in looking for temporary help.
McGowan says this is the right thing to do for people.
"It is going to cost us some bottom line earnings doing this," said McGowan. "But you know what, there are times when people are more important than money."
Mcgowan says they expect the loans will be repaid in full when the government reopens, and people get their back pay.