Credit Union News

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California CU: Relief to Members Impacted by Partial Shutdown

California Credit Union recently announced it was offering special relief programs to support current members whose pay has been affected by the partial government shutdown in early 2026.

Programs include:

  • Loan Payment Assistance: Members may skip a payment, with all fees waived, on their Consumer auto loan and/or Signature Plus loan (Personal Loan).
  • Penalty-Free Certificate Withdrawals: Members with certificate accounts may request early withdrawal to cover expenses with no fees or penalties.
  • Reduced Rate (APR) Signature Loans: Members may apply for a signature loan at a 4 percent lower rate than the current lowest rate offered by the credit union. Members may receive up to two times their most recent net paycheck, up to $3,000.

“We know how disruptive and stressful a government shutdown can be for our members and their families,” said California Credit Union President and CEO Steve O’Connell. “As a member-owned cooperative, our priority is to stand by our members when they need us most. These relief programs are designed to provide flexibility, ease financial pressure and ensure our members have access to the support and resources they need during this challenging time.”

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