A local credit union is offering help to federal employees impacted by the government shutdown. According to Siouxland Federal Credit Union, they are offering recovery loans to federal employees who are temporarily without work due to the shutdown.

About 10% of Hawai‘i Community Lending homeowners are federal employees, meaning more than 60 families are impacted by the government shutdown. Gilbreath encourages these homeowners to contact Hawai‘i Community Lending immediately. “We stand with our families, and we want to be sure you get the support you deserve from your community,” he said.

Siouxland Federal Credit Union is offering loans to help federal employees in our community who are affected by the government shutdown.

After a halt for most of the year, borrowers enrolled in one income-driven repayment plan may begin to receive loan discharges within weeks.

The lender says that 10 percent of its homeowners are federal employees, meaning that more than 60 families are impacted by the government shutdown. Gilbreath encourages these homeowners to contact HCL immediately. “We stand with our families, and we want to be sure you get the support you deserve from your community,” he said.

Those at Siouxland Federal Credit Union are now offering 0% interest recovery loans to federal employees who are temporarily without work. The loans are for up to $5,000 across four months, with modifications made on a case-by-case basis. The no-interest move comes at a time when these employees may be struggling to make ends meet.

The federal Home Affordable Modification Program, which is designed to guide the modification process to the benefit of the lender (not the borrower), has helped 12 percent of a potential 3 million borrowers stay in their homes, recent reports have shown. Select Portfolio Servicing is participating in the federal program.

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