First Command, Navy Federal & USAA Vow to Help Troops During Shutdown
At noon today, the Senate will vote on whether to end the government shutdown.
In the event a deal cannot be reached, some people worry members of the armed forces may not be paid as scheduled on February 1. At least three banks have promised to help troops during this time period. Anyone who is affected by the shutdown should contact their bank to see if aid is available.
First Command announced they will offer the following services to affected military members:
- No-interest payroll advances
- Loan payment assistance
- Penalty-free early CD withdrawals
- Secured lines of credit
- Priority processing for credit limit increase requests and deferred monthly payments
Navy Federal will cover direct deposits for eligible members, and USAA is offering a no-interest payroll advance loan to military members. If the Senate does not vote to reopen the government, they will email instructions to their members about how to sign up for the advance.
Even if lawmakers do vote to reopen the government today, the plan currently under debate would only provide funding for the next three weeks. A longer term spending plan is still under discussion.