President Donald Trump announced Friday that a deal has been struck with legislators to reopen the federal government with funding through Feb. 15.
“It is encouraging to learn that lawmakers have come to a tentative agreement to end the shutdown,” said CUNA Chief Advocacy Officer Ryan Donovan. “We are eager to see these measures come to the floor, and hope this paves the way for a swift resolution to the shutdown that has been affecting the nation for the last 35 days. While we look forward to the rapid restoration of backpay to the hundreds of thousands of families forced into financial uncertainty as a result of this shutdown, America’s credit unions stand ready to support those affected until that time comes.”
Credit unions around the country started rolling out offerings to help affected members as soon as the shutdown began, and continued rolling out additional services, such as fee-free payment skip, 0% APR loans and other financial solutions.
CUNA has maintained a shutdown assistance page with information about how over 500 credit unions in all 50 states and Washington, D.C. have come to the aid of furloughed federal workers, and has sent weekly updates to Congressional offices.
CUNA has also responded to several direct request from legislators on how credit unions are assisting affected members. This includes five members of the Senate Banking Committee and Rep. Maxine Waters (D-Calif.), chair of the House Financial Services Committee, each of which received CUNA’s up-to-date list of credit union offerings.