How SRI Federal Credit Union Supported Members During the Government Shutdown
At SRI Federal Credit Union, our mission has always been clear: stand by our members, especially when uncertainty strikes. When the possibility of a government shutdown first emerged, we knew many federal employees could face sudden financial strain. To ensure our members wouldn’t face that challenge alone, we acted early, designing and launching our Government Shutdown Assistance Loan Program before the shutdown even began. This proactive effort allowed us to respond immediately, giving members timely support when they needed it most. 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: Loan limits based on net pay, up to $10,000 An 18-month term A competitive rate of just 4.99% APR* ZERO interest for members who pay off their loan within 60 days of their return-to-work date 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. 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: $436,595 in total loan balances were funded 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. 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: The benefits of credit union membership SRIFCU products and services designed specifically for members to save money 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. 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.
A Program Built Before the Crisis Hit
Measurable Impact During the Shutdown
Expanding Support Through Community Engagement
Our Commitment Remains Strong