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Navy Federal to Cover Direct Deposit for Eligible Members Ahead of Possible Government Shutdown

VIENNA, Va.--(BUSINESS WIRE)--

Navy Federal Credit Union today announced plans for supporting its members should Congress be unable to come to an agreement on a continuing resolution and the government shuts down as of midnight, April 28. Beginning April 26, eligible members can opt in to a special program and receive coverage of their direct deposit of net pay should the government shut down.

"Covering pay for the people protecting our country is simply the right thing to do,” said Tynika Wilson, senior vice president of debit card and fund services at Navy Federal Credit Union. “They have important work to do. We’re happy to make their paycheck one less thing they have to worry about.”

Wilson stressed that eligible members can take action before the possible shutdown by registering for the program starting Wednesday, April 26 using Navy Federal Online or by calling 1-888-842-6328, or visiting a branch. The program is available to Active Duty military, Coast Guard and DoD civilian members who have an established direct deposit with Navy Federal.

Members affected by the shutdown who don’t meet the eligibility requirements should visit a branch or call 1-888-842-6328 to discuss their situation with a Member Service Representative.

The credit union is open to Active Duty and retired Army, Marine Corps, Navy, Air Force and Coast Guard personnel, DoD civilians, veterans and their families. Navy Federal supported its members in similar situations in April 2011 and September 2013.

“We’re always looking for the best way to serve our members,” Wilson continued. “This is one more way we can offer our support.”

About Navy Federal Credit Union: Navy Federal Credit Union is the world’s largest credit union with more than $81 billion in assets, 7 million members, 298 branches, and a workforce of over 14,000 employees worldwide. The credit union serves all Department of Defense and Coast Guard active duty, veterans, civilian and contractor personnel and their families. For additional information about Navy Federal, visit www.navyfederal.org.

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