Government Shutdown Assistance

A lapse in federal government funding, for any period of time, can have far-reaching consequences on consumers and communities. Credit unions offer assistance for members whose financial well-being could be impacted by a shutdown. America’s Credit Unions is here to support the industry through a government shutdown. Our advocacy efforts are underway to urge lawmakers to pass a funding bill as soon as possible to restore stability for consumers whose financial well-being is put at risk by a shutdown. We also have these resources available for you.

Participate in our survey

We need your help to quantify credit unions’ impact in providing individualized support programs to those most affected in any government shutdown. 

This survey will help inform our advocacy efforts to ensure lawmakers know how credit unions step up to serve members in times of crisis. If you have questions about the survey, please contact our Market Intelligence Team.

Resources for credit unions

America’s Credit Unions is here to support the industry through a government shutdown with resources, as well as advocacy to urge lawmakers to pass a funding bill as soon as possible to restore stability for consumers whose financial well-being is put at risk by a shutdown.

In addition to America's Credit Unions government shutdown resource, here are a few key issues and resources to be aware of:

• NCUA: In the event of a shutdown, the NCUA would remain open and credit union deposits would remain insured.
• Members who are military members and federal employees: In previous situations, the NCUA has shared ways credit unions can support members—particularly military members and federal employees—while ensuring safety and soundness of their institution. That includes offering special programs to assist members who need short-term loans, loans with special terms and rates, or payment flexibility.
• Flood insurance: Should funding for the National Flood Insurance Program (NFIP) also lapse, FEMA would not be able to issue flood insurance. However, FEMA would still have authority to ensure the payment of valid claims with available funds. Previously issued NCUA guidance notes credit unions may make loans without flood insurance, but that certain provisions of Part 760 must still be followed and a credit union will “need to have a system in place so that policies are obtained as soon as available following reauthorization for properties subject to mandatory flood insurance coverage.”
• Branches in government buildings: Credit unions that have branches in government buildings or on federal property may experience service interruptions as hours and access could be impacted during the shutdown.

If you have additional questions, our Compliance Team is here to assist you.