#United States #Albuquerque #financial assistance #Kirtland Credit Union #support programs

Kirtland Credit Union Offers Support During Federal Shutdown

As the federal government faces an extended shutdown, Kirtland Credit Union (KCU) has stepped up to provide essential support to its members who are grappling with financial uncertainty. This initiative particularly targets active-duty military personnel, civilian employees, and families associated with Kirtland Air Force Base, all of whom are likely feeling the repercussions of delayed pay or furloughs.

Matt Rarden, the President and CEO of KCU, expressed the commitment of the credit union, stating, "During times like these, financial uncertainty can weigh heavily on families who serve and support our nation. Our mission is clear: we stand by our members and help them navigate these challenges with confidence and stability."

With over 330,000 civilian Department of Defense workers at risk of furloughs nationwide, KCU has implemented its Member Assistance Program to alleviate pressing financial concerns. Notably, around 30% of military families report having less than $3,000 in savings, underscoring the significance of the support being offered.

Key Features of the KCU Member Assistance Program

The KCU Member Assistance Program delivers various options designed to provide immediate financial relief:

• - Flexible Payment Deferments: Members may qualify for deferments and grace periods on eligible loans, allowing them a breather during this tough time.
• - Short-term Bridge Loans: KCU is offering low or interest-free loans for qualifying members to help cover essential expenses.
• - Fee Relief: Members can receive assistance with overdraft charges and may have service charges and late fees waived on select accounts.
• - Free Financial Counseling: KCU experts are available to provide financial counseling and budgeting guidance, which can help members manage their finances more effectively during this challenging period.

These measures aim to provide both immediate relief and long-term stability, ensuring that members can withstand the ongoing uncertainty until normal operations resume. More information is accessible through KCU's website at KirtlandCU.org/assistance, where members can apply for these resources.

Understanding the Unique Pressures Faced by KCU Members

Kirtland Credit Union has a storied history; since its founding in 1958, it has dedicated itself to serving those affiliated with Kirtland Air Force Base and the surrounding community. Recognizing the distinct pressures affecting its membership, especially during national crises, KCU is adamant that no one should face these adversities alone.

"As a credit union founded to serve those connected to Kirtland Air Force Base, we understand the unique pressures our members face," adds Rarden. This empathy towards members' situations is what drives KCU’s proactive approach to support.

Continuing Commitment as Situation Evolves

KCU is monitoring the situation of the federal shutdown closely and will adjust its support programs as necessary. This adaptability reflects KCU's commitment to its members, ensuring they have access to the necessary resources to navigate through turbulent times.

In summary, Kirtland Credit Union's prompt actions during the federal government shutdown serve as a lifeline to many families affiliated with military service, stressing the importance of community support in times of uncertainty. For those in need of assistance, KCU is dedicated to standing by its members every step of the way.