Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Belvoir Members Seek Help Through Sequestration
WOODBRIDGE, Va. (7/16/13)--Since February, Belvoir FCU in Woodbridge, Va., has sought to assist members experiencing adverse effects from sequestration--federal government spending cuts--by developing emergency loan products, forming services to support members, and informing employees of its response.
 
The $299 million asset Belvoir aided 37 members: 20 with financial coaching, four with an emergency loan, seven with loan workout options, and six with a skip-a-pay. It also answered several questions from concerned members.
 
In addition to helping those 37 members, Belvoir's financial coach hosted four seminars for 50 participants about "Taking Charge in Tough Times" and "It's a Matter of Life and Debit" at facilities throughout Fort Belvoir.
 
A number of other credit unions nationwide--especially defense credit unions--have instituted programs to help members who are federal employees and their families deal with the budget cuts. 
RSS





print
News Now LiveWire
16.9% of U.S. homeowners underwater, down from peak 31.4% in 2012, reports @zillow http://t.co/EbILqY1HMz
1 hours ago
Breaking at #NewsNow: President Obama signs IOLTA bill into law. http://t.co/5N741Bygmn
2 hours ago
.@edmunds says the week between Christmas and New Year's is the busiest car shopping time of the year.
3 hours ago
.@CFPB sues Sprint for cramming 3rd-party service fees onto consumers' bills http://t.co/mhlMWqLKku
4 hours ago
#HomeDepot #databreach lawsuits consolidated in Georgia http://t.co/A4bei5z0mV
4 hours ago