BELLINGHAM, WA (October 5, 2025) – As the federal government shutdown continues, WECU is stepping up to help members experiencing financial strain. With many families facing delayed paychecks and uncertainty, the member-owned cooperative is providing personalized support and special relief programs designed to offer stability and peace of mind.

“Families impacted by the shutdown shouldn’t have to choose between financial stability and short-term fixes,” said Matt Berendsen, SVP of Growth. “As a member-owned cooperative, we’re here to provide tailored support—whether that’s payment relief, financial hardship loans, or simply someone to talk to. Our priority is helping members navigate uncertainty with confidence and care.”

The partial government shutdown may affect federal employees, contractors, and their families—including some WECU members. While essential federal services continue, many households are left managing temporary income disruptions. WECU’s approach centers on compassion, flexibility, and practical solutions.

Member Support Resources

WECU is offering a variety of financial relief options to members affected by the shutdown:

  • Skip-a-Pay: Members may skip up to two loan payments per year (excluding mortgages). WECU will waive the $15 fee for those impacted by the shutdown.
  • Loan Extensions: Up to two loan extensions (excluding mortgages) are available, even if previous unrelated extensions have been used.
  • Consumer Loan Programs: WECU offers personal loans to provide financial flexibility during the shutdown.
  • Real Estate Forbearance: Members with mortgages may qualify for forbearance or other forms of tailored support through WECU’s Real Estate team.

Furlough Loan Programs

To provide immediate, short-term relief, WECU has launched two special loan programs for eligible members:

  • 6% APR Loan:
    • 48-month personal loan at 6.00% APR
    • Loan amounts up to 2× monthly pay (maximum $7,500)
    • Subject to standard underwriting
  • 0% APR Loan:
    • 90-day personal loan at 0.00% APR
    • One lump-sum payment due at term end
    • Loan amounts up to 1× monthly pay (maximum $6,000)
    • Subject to standard underwriting

WECU encourages members to contact the credit union directly to explore personalized options based on their individual circumstances.

About WECU

WECU is a member-owned, not-for-profit credit union headquartered in Bellingham, Washington. WECU was founded in 1936 as the Bellingham Teacher’s Credit Union. Today, it serves over 175,000 members with more than $3.0 billion in assets. WECU is committed to enhancing the financial well-being of its members and making a positive impact in the communities it serves.