VACAVILLE — Travis Credit Union announced this week it is stepping up to help its members who work for the federal government and are facing lost pay due to furloughs because of the federal budget cuts known as sequestration.
The Vacaville-based credit union announced it will lower loan payments and extend terms of loans for members who are affected and work as civilian personnel when automatic cuts in defense spending go into effect. Starting April 22, civilian Department of Defense workers face the loss of up to 20 percent of their income due to weekly furlough days.
“We are here for our members and are doing everything we can to support them through these challenging economic times,” said Travis Credit Union President and CEO Patsy Van Ouwerkerk in a press release. ”Members are encouraged to visit any of our branches so that we can work with them to address any financial difficulties that these furloughs and loss of income may create.”
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