Credit union to offer interest-free emergency loans to furloughed workers

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Updated: 10/09/2013 5:56 pm
RENO, Nev. (KRNV & MyNews4.com) -- One Nevada Credit Union has announced that it’s now offering interest-free emergency loans to furloughed federal civilian employees in the state of Nevada.

Members and non-members are eligible for assistance.

Furloughed federal civilian employees can apply to receive an expedited emergency loan to cover paycheck shortages up to a maximum of $2,500. Requests for greater than $2,500 will be reviewed on a case-by-case basis, the credit union says. All granted loans will be interest-free and due in full once normal government operations and earnings resume. To apply, furloughed federal civilian employees should visit a local branch and bring a copy of their October 11 pay stub.

One Nevada also has solutions to help members who receive a government paycheck and find themselves in financial distress because of federal budget issues. These temporary measures include special payment arrangements, which could include payment deferral on some loans. Members whose finances are affected by federal budget issues should call us at (800) 388-3000 for more information.


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