Now THAT’S a Credit Union!

I knew I loved these guys

Navy Federal to Advance Direct Deposit Pay for Active Duty Military Members

VIENNA, Va., April 7, 2011 /PRNewswire-USNewswire/ — Navy Federal Credit Union, the world’s largest credit union, announced its plans today for supporting its members in the event of a possible government shutdown as of midnight April 8.

“We’re hopeful that Congress and the White House will come to an agreement to avoid a shutdown,” said Cutler Dawson, Navy Federal President and CEO. “At the same time, we want to support our members—especially our active duty military members—through this potentially challenging time. We want to ensure, to the extent possible, that our military families do not suffer financially in the wake of a political impasse.” Dawson went on to list steps Navy Federal is taking.

One major initiative is to cover the April 15 payroll for those active duty members who have their direct deposit of pay at Navy Federal.

“By covering the mid-month pay, come April 15 our active duty members will not see a difference in their direct deposit amount, as if there were no shutdown,” added Dawson.

3 Responses to “Now THAT’S a Credit Union!”

  1. Skyler says:

    I’ve been a member since 1970.

    Anyone think Wells Fargo would do that? I wonder why they and Bank of America are still in business?

  2. Gary from Jersey says:

    Anyone know of a fund we can use to help?

  3. Kate P says:

    That’s good, for now. I hope they don’t have to sort out what comes next. Or anybody else has to. Makes me anxious and also angry that people who defend our country would even have to worry about it for a second.

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