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Travis Credit Union Offers Aid to Those Affected by the Government Shutdown

Monday, January 22, 2018  
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TCU Offers Federal Budget Impasse Signature Loan

VACAVILLE, CA - Travis Credit Union announced that it has a plan in place to help its members who are facing lost pay due to the government shutdown.

The credit union will consider lowering loan payments and extending the terms of loans as well as payroll advances for members who are impacted by the furloughs and work as military and civilian personnel should the government shutdown extend into February.   Additionally, TCU will offer a federal budget impasse signature loan with no interest for 90 days.  Credit checks are not required.  Travis Credit Union recognizes the difficulty that government furloughs will have on its affected members and stands ready to help lessen the potentially significant financial effects of the government shutdown.

“We are here for our members and are doing everything we can to support them during these challenging economic times,” stated Barry Nelson, president and CEO of Travis Credit Union. “Members are encouraged to visit any of our branches so that we can work with them to address any financial challenges that the government shutdown and loss of income may create.”

Since 1951, Travis Credit Union has had a longstanding tradition of supporting its military and civilian membership and helping them to meet their financial goals.

In 2013, Travis Credit Union anticipated the effects of Sequestration and the impending loss of pay due to furloughs, senior staff immediately developed plans to aid our Travis Air Force Base membership. Our TCU branches were well-prepared to lessen the significant financial effects of Sequestration on affected members and ensured that they retained all their membership benefits.

In fact, TCU was officially recognized in 2014 by The Honorable Doug Bennett, Deputy Assistant Secretary of the Air Force for Financial Operations, for upholding the credit union’s social responsibility to support our military community and for our commitment to being a model corporate citizen.

In 2016, Sequestration continued to affect both active duty and reserve officers and enlisted personnel. In response, TCU remained vigilant in serving the needs of our military members. The credit union renewed its commitment to help affected individuals and families meet their monetary obligations. We still stand ready to lower loan payments, extend loan terms and work with these valuable members to address any current financial challenges stemming from the loss of income due to the government shutdown.

Headquartered in Vacaville, California, Travis Credit Union is a not-for-profit, cooperative financial institution serving those who live or work in Solano, Yolo, Sacramento, Placer, San Joaquin, Stanislaus, Napa, Contra Costa, Alameda, Sonoma, Colusa, and Merced Counties. Currently, Travis Credit Union is the 13th largest credit union in California, with more than 200,000 members and more than $2.9 billion in assets. As one of the leading financial institutions in Solano, Contra Costa, Yolo, Napa, and Merced Counties, Travis Credit Union’s strength lies in its faithful commitment to its members; its solid, secure history; and its long-standing track record of dedicated service.