ALBUQUERQUE, N.M. — Credit unions in New Mexico are doing their part to help furloughed federal workers by offering zero-percent interest rate loans and waiving savings account penalty fees for early withdrawals.
Paul Stull, president and CEO of the Credit Union Association of New Mexico, said the state’s credit unions have been preparing for a government shutdown for several years.
“We always have some kind of an emergency plan in place to help in the case this kind of thing happens,” Stull said. “There are 42 credit unions in the state, and every one of them are helping federal employees in one way or another.”
Banks in the state are also trying to be of assistance, said John Gulas, president of the New Mexico Banking Association.