Washington Federal offering loan relief for federal employees
As the federal government shutdown eclipses the one-month mark — making it the longest shutdown in U.S. history, furloughed employees are feeling the financial pinch as bills come due while paychecks are waiting in holding.
In response, Washington Federal bank is offering interest-free loans for federal government employees seeking to negotiate monthly finances.
Federal employees who bring in their last funded federal paycheck with either a furlough notice or zero-balance paystub can apply to borrow up to 12 weeks of take-home pay that will accrue no interest for the first 90 days.
President and Chief Executive Officer, Brent J. Beardall commented, "Washington Federal is benefiting from a robust economy and the positive impact of tax reform. We are proud to step in and help our hard-working neighbors get through this uncertain time and support their financial needs. We hope other financial institutions will do the same."
For more information, stop by the Woodburn Washington Federal branch, call, or email branch manager Johna Overfield.
Where: 999 N. Cascade D.
Quality local journalism takes time and money, which comes, in part, from paying readers. If you enjoy articles like this one, please consider supporting us.
(It costs just a few cents a day.)