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PORTSMOUTH — Service Credit Union credited direct deposit for more than 1,400 Department of Defense government civilian employee members affected by the government shutdown, which includes crediting full or partial pay.
By calculating the last direct deposit of the members and making up the difference, Service Credit Union credited members. This credit covers biweekly payrolls on Oct. 11 for members with an existing Service Credit Union direct deposit who are paid by DFAS CIVFED SAL or DFAS FED SALARY. This one-time service is free and will be debited from accounts with the next payroll.
“As a result of the government shutdown, many of our members were impacted either receiving no or partial pay. We believe it is our responsibility to make our members whole,” said Gordon Simmons, president/CEO of Service Credit Union. “Our top priority is to ensure the financial well-being of our members. We stand ready to assist our members and ease the burden during these trying times.”
For those without direct deposit or non-members who wish to join, they can start direct deposit and take advantage of a special 4.9 percent APR ShutdownLoan up to $1,000.
In addition, for those members who have been furloughed, they can withdraw from a current certificate of deposit without any penalties. If they have a current loan with Service Credit Union, they can defer payments for 90 days.
Service Credit Union also provides free financial education assistance to any of their members. Anyone experiencing financial challenges can call a financial counselor at 1-888-456-2227.
Those military and DOD government civilian employees who are affected by the government shutdown and are not members of Service Credit Union can open up an account with direct deposit of their net pay and qualify for future government shutdown assistance.
Service Credit Union is a full service financial institution with nearly 180,000 members worldwide, offering a wide range of financial products to its members.
With 41 branch locations, including two staffed 24/7 contact centers, and full Internet banking services, Service Credit Union serves anyone who lives or works in New Hampshire (excluding Coos County), four towns in Cape Cod, Mass., and all branches of the U.S. military and Department of Defense employees and their families. With more than $2.3 billion in assets, Service Credit Union has 24 branches in New Hampshire, one in Massachusetts and 16 branches on U.S. military bases in Germany.
