Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
Wash Post Spotlights CUs, News Now On Furloughs
WASHINGTON (3/6/13)--The Washington Post highlighted a recent News Now article in its own March 5 story on federal employees facing the threat of sequestration-caused furloughs. The News Now story featured how credit unions are stepping up to help with special assistance programs for members.

The Post article noted that federal employees holding security clearances, who run into financial trouble due to the furloughs, should notify their agency so the troubles don't muddle their clearance status. The article reminded that "indebtedness is one of the potential indicators of reliability, trustworthiness and judgment that go into a decision on granting or continuing security clearances, which are needed for many federal jobs."

The article also noted federal guidance that advises employees that many creditors are willing to work with borrowers in such situations.

"For example, the Credit Union National Association has said that many federal credit unions will offer special low-interest loans with flexible repayment terms and will allow existing loans to be extended, among other benefits for account holders who are furloughed," it said, and hyperlinked to the News Now article. (See resource link.) (Also see second article in the series in this issue, "More CUs Preparing Members For Sequestration Issues.")

News Now is CUNA's highly regarded daily online news service, which features comprehensive news coverage with a credit union audience in mind. Use the second link for a free subscription.
RSS





print
News Now LiveWire
.@LACULeague in @DailyComet: #creditunions' "old" benefits attractive to new generation http://t.co/AzOv3nB7IB
4 hours ago
At @FTC request, court halts operations of an alleged debt-relief scammer calling itself “FTC Credit Solutions.” http://t.co/qMsDBmKExH
9 hours ago
.@daytondailynews : The secret is out about #creditunions http://t.co/Aqu3pFTROV @DayAirCU @CODECreditUnion
9 hours ago
.@CUNA's @Nussle on @SenatorReid :(2of2)On behalf of more than 102M #CU members,I thank him 4 his leadership over the yrs/wish him the best.
11 hours ago
.@CUNA CEO Nussle on Sen. Reid’s decision not 2 seek re-election (1of2): Sen. Reid has a long history of #CU support throughout his career.
11 hours ago