This proactive effort allowed us to respond immediately, giving members timely support when they needed it most.
A Program Built Before the Crisis Hit
Understanding the potential hardships ahead, SRIFCU created the Government Shutdown Assistance Loan to provide short-term relief and help members bridge the financial gap during missed pay cycles. The loan offered:
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Loan limits based on net pay, up to $10,000
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An 18-month term
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A competitive rate of just 4.99% APR*
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ZERO interest for members who pay off their loan within 60 days of their return-to-work date
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Eligibility for government employees who are current SRIFCU members
This structure ensured flexibility, affordability, and fast access to funds, without creating long-term financial burden.
Measurable Impact During the Shutdown
The success of the program exceeded expectations, reflecting both the strong need and the trust our members place in their credit union. During the shutdown period:
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$436,595 in total loan balances were funded
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Many loans have already been fully repaid, highlighting responsible borrowing and the effectiveness of the loan design
Members repeatedly shared that the loan “saved them”, providing essential relief when paychecks were paused, and expenses continued. From covering rent and groceries to maintaining daily stability, this program helped make a difficult time manageable.
Our lending team’s quick response, compassionate approach, and efficient processing were praised consistently. Members expressed deep appreciation for the speed at which they were supported and the reassurance of knowing their credit union had prepared for them in advance.
Expanding Support Through Community Engagement
Beyond direct financial assistance, SRIFCU also strengthened relationships with the federal employee community. As part of our ongoing outreach initiatives, Paco presented at an AFEU (Ames Federal Employees Union) meeting, highlighting:
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The benefits of credit union membership
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SRIFCU products and services designed specifically for members to save money
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The Government Shutdown Assistance Loan Program and its successful impact
The presentation received exceptional feedback, and Paco was invited to return for future opportunities, further deepening our connection with AFEU members and expanding awareness of the resources available to them.
Our Commitment Remains Strong
Although the shutdown has ended, our dedication to supporting members during every season of life continues. Whether through emergency assistance programs, competitive lending solutions, or personalized financial guidance, SRI Federal Credit Union will always prioritize the financial well-being of our members.
Thank you to every member who trusted us through this challenging period. We are honored to serve you and proud of the resilience shown across our community.
