Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
Belvoir Members Seek Help Through Sequestration
WOODBRIDGE, Va. (7/16/13)--Since February, Belvoir FCU in Woodbridge, Va., has sought to assist members experiencing adverse effects from sequestration--federal government spending cuts--by developing emergency loan products, forming services to support members, and informing employees of its response.
 
The $299 million asset Belvoir aided 37 members: 20 with financial coaching, four with an emergency loan, seven with loan workout options, and six with a skip-a-pay. It also answered several questions from concerned members.
 
In addition to helping those 37 members, Belvoir's financial coach hosted four seminars for 50 participants about "Taking Charge in Tough Times" and "It's a Matter of Life and Debit" at facilities throughout Fort Belvoir.
 
A number of other credit unions nationwide--especially defense credit unions--have instituted programs to help members who are federal employees and their families deal with the budget cuts. 
RSS





print
News Now LiveWire
Final field-of-membership rule tops April 30 NCUA agenda http://t.co/gFIhRhUCts
1 day ago
.@CUNA's @Nussle speaks to @VonnieQuinn about #StoptheDataBreaches and reg. relief. http://t.co/TMTubG9Afk
1 day ago
RT @NCUFoundation: .The Foundation's @hylandhighway with @NatlJumpStart President/CEO Laura Levine at #FLHillDay2015 today: http://t.co/ep5…
1 day ago
Seriously underwater homes rise, new-home sales tumble News Now: http://t.co/2LzWTkqnES
1 day ago
#NewsNow Cornerstone Foundation awards $71K in grants http://t.co/Y6D8K9rwWv
1 day ago