VIENNA, Va. (November 2, 2023) — Navy Federal Credit Union will again offer a paycheck assistance program. The government spending bill was signed on September 30, 2023, ensuring the government is now funded through November 17, 2023. Navy Federal stands ready to offer paycheck assistance to eligible members should funding not extended beyond November 17 and a government shutdown occurs.
This program will be available to military servicemembers, Federal government employees and contractors who are paid directly by the Federal government whose pay will be affected by the shutdown, and have direct deposit set up with Navy Federal for their paycheck.
"Many of our members may again be facing uncertainty about the status of their paychecks. This important program aligns with our core values, and we will be there to support our members," said Pete Amstutz, senior vice president of savings and membership at Navy Federal.
For members impacted by the shutdown who do not meet the eligibility requirements, our member service representatives may be able to offer alternative services for financial relief.
Navy Federal most recently and activated support in similar situations in 2011, 2013 and most recently in 2018-2019, when the credit union provided loans to nearly 20,000 members.
About Navy Federal Credit Union: Established in 1933 with only 7 members, Navy Federal now has the distinct honor of serving 13 million members globally and is the world’s largest credit union. As a member-owned and not-for-profit organization, Navy Federal always puts the financial needs of its members first. Membership is open to all Department of Defense and Coast Guard Active Duty, Veterans, civilian and contractor personnel, and their families. Dedicated to its mission of service, Navy Federal employs a workforce of 24,000 and has a global network of more than 350 branches. For more information about Navy Federal Credit Union, visit navyfederal.org. Federally insured by NCUA. Equal Opportunity Employer.