Tuesday, November 5, 2024
Steven J. Lepper Chairman, President & CEO Association of Military Banks | Official Website

AMBA banks prepare assistance programs amid potential government shutdown

A potential government shutdown this weekend has raised concerns for many Americans, particularly service members, veterans, and their families. Questions about paychecks, furloughs, and managing expenses are prevalent among those affected.

For most Americans without substantial emergency savings, these worries are even more significant. As the possibility of a shutdown looms closer, individuals are encouraged to contact their financial institutions to explore available assistance options. It is advised to start with the institution handling direct deposits and then reach out to other financial entities they may be associated with.

Financial institutions might offer support during such uncertain times. Some AMBA member banks have established programs to assist those in need:

- First Command Bank: https://www.firstcommand.com/media/press-releases/cover-federal-pay/

- FAB&T: https://www.fabandt.bank/government-shutdown

- USAA: https://www.usaa.com/relief

Additionally, information regarding Veterans and their benefits can be found through "Let’s Talk Shutdown – VA Email Update." Updates will be provided as new information becomes available.