Louisiana credit unions assist federal workers during government shutdown

To relieve financial tension for furloughed workers and their families during the government shutdown, credit unions across the state are providing specialized services and accommodations.

While many credit unions statewide have programs in place, Barksdale Federal Credit Union in north Louisiana reported ways in which they are assisting individuals impacted by the shutdown.

“The credit union mission is to not only provide a transactional experience for our members, but to work hand-in-hand with them to meet their financial needs and goals,” said Bob Gallman, president and CEO of the Louisiana Credit Union League. “The government shutdown is creating many burdens for furloughed workers, especially financially, which is why credit unions across the state are stepping up to help.”

Accommodations include furlough loan programs, refinancing options, payment extensions, personalized credit counseling, waiving of penalties acquired during the furlough period and other specific programs targeted toward assisting credit union members in need.

“Louisiana credit unions are committed to keeping furloughed workers updated throughout the shutdown,” said Gallman. “We encourage those affected to reach out directly to their local credit unions to learn more about the specific financial resources available to them.”

To learn more about what credit unions are offering throughout the shutdown and beyond, visit http://www.lcul.com/Communications/ShareYourStory/GovernmentShutdownAssistance.aspx.