Credit unions ready to help furloughed Feds

Furloughed federal workers have at least one direction to turn for help these days. Oregon credit unions say they are developing options to work with their members.

Northwest Community Credit Union said it will  work with members to create solutions for financial challenges caused by the government shutdown on a case-by-case basis.

“Northwest Community has already heard from several members who are experiencing some unanticipated difficulties, either with regard to personal funds or with payments, due to the partial government shutdown,” said Bill Woods, chief lending officer for Northwest Community Credit Union.

The help, Woods said,  may come in the form of extending a payment due date, waiving fees, or assisting in meeting other obligations.

“Depending on the need,” said Woods.  “Our loan advisors and member solutions representatives will help look at the possible impacts of the furlough and identify a plan of action.”

Known as Wood Products Credit Union until 2002, the Springfield-based financial institution has a history of dealing with large-scale mill or plant closures, and other workforce layoffs in Oregon.

Woods said  free financial counseling is available through a non-profit consumer credit program.

Furloughed federal workers may call 1-800-452-9515 to discuss their situation


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    Greg Stiles

    Covering the Southern Oregon business and economy since 2001. Read Full
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