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Furlough Assistance Loan

by Lori Hays | Jan 22, 2019
To help members who have been furloughed due to the U.S. government shutdown, MSDFCU is offering an interest free loan for qualifying members and potential members who are affected.

To help members who have been furloughed due to the U.S. government shutdown, MSDFCU is offering an interest free loan for qualifying members and potential members who are affected.

Furlough Assistance Loan - If you are a Federal civilian employee or a Federal Contactor who will not be receiving a paycheck because of the Federal government shutdown, you may be able to take advantage of our short term zero rate Furlough Assistance Loan.

  • $6,000 Limit
  • 0% APR
  • 12 months repayment
  • Must be an existing federal or contract employee affected by government shutdown
  • Available to existing member or potential members who qualify

For inquiries regarding eligibility and to apply, contact us at 215-996-3700.

For members who are concerned about meeting existing credit and/or loan payments due to the shutdown, please contact us to discuss options that may be available.

The shutdown has left many federal employees and contractors without paychecks. As account balances begin to dwindle, some workers have started feeling the pinch as they try to make ends meet. “We hope to help them meet some of their basic needs during this uncertain time.” Dave Whitehead, MSDFCU CEO calling into practice the meaning of the Credit Union philosophy of “People Helping People.”