Veridian Credit Union is offering interest-free Government Advance Loans or free delayed-payment services to members whose income is impacted by the current government shutdown. Veridian members with a history of regular federal government income are eligible to accept one of the two offerings.
“Missing a paycheck can be a difficult burden,” said Kara Van Wert, Veridian’s chief lending officer. “Veridian is a member-owned financial cooperative, and we exist to serve the best interest of our members. We’re here to help ease the uncertainty for members who are impacted by this shutdown.”
Government Advance Loans offer a 30-day, single-payment term with no interest. The loan amount is based on the most recent federal government direct deposit into the member’s Veridian account. Veridian is also waiving the fee and certain restrictions of its Delay-A-Pay service for members impacted by the shutdown. Delay-A-Pay allows members to postpone a payment on select loans. Eligibility for Government Advance Loans and expanded Delay-A-Pay services are limited to members with a history of regular federal government income. Details are available at veridiancu.org/shutdown. Veridian members are encouraged to contact the credit union at 800-235-3228, via chat at veridiancu.org or in any branch to explore their options.