Financial help for workers impacted by the government shutdown

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HAMPTON, Va. (WAVY) — “Right now there’s still a lot of uncertainty with folks not receiving pay or when the next paycheck will be,” said Ryan Doss with the Hampton Roads Chief Petty Officers Association.

Wells Fargo says it’s providing fee reversals and waivers to customers impacted by the shutdown.

Navy Federal says the credit union is offering paycheck relief by giving eligible members 0 percent APR loans.

A spokesman says it’s basically an advance on direct deposits.

They say this assistance has been extended into the second pay period for workers.

Navy Federal says there are currently 8.1 million customers. 100,000 are eligible for this program, but only 16,000 have enrolled.

USAA says their members may be eligible for deferrals on consumer loans, and credit cards.

USAA also gave a $15 million donation to the Coast Guard Mutual Assistance program.

“Usually it’s designed for deaths in the family unexpected big cost items like costly auto repairs, however that program has opened up funding for the shutdown where folks can go online and submit the application and submit that through their command,” said Doss.

As bills continue to pile up, workers impacted by the government shutdown are still waiting for their next paycheck.

Doss says they’ve seen financial institutions stepping up.

“The best thing people can do right now is check with your banking institution, each bank has a different program in place but many are offering low or no interest loans, many without credit checks if you have direct deposit established,” he said. 

For more information about financial assistance: 

https://www.navyfederal.org/pdf/press-releases/2018/navy-federal-extends-paycheck-relief-to-those-affected-by-government-shutdown.pdf
https://newsroom.wf.com/press-release/community-banking-and-small-business/wells-fargo-supports-customers-and-communities
https://communities.usaa.com/t5/Press-Releases/USAA-Donates-15-Million-to-Coast-Guard-Mutual-Assistance/ba-p/200923
http://www.cgmahq.org/

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